Lucid Motors said on Thursday it will offer a $7,500 ‘Lucid Advantage Credit’ to eligible lessees of its Gravity SUV after the cut-off of the EV tax credit scheduled to be discontinued by September 30.
Qualifying customers who place an order for a Lucid Gravity before the end of September and sign a lease between October 1 and December 31 will receive the credit, the company said.
Existing qualifying customers are also covered, with no additional steps required.
“The $7,500 EV credit is ending September 30, but Lucid is committed to ensuring customers who take delivery after this deadline still receive an equivalent benefit,” the company wrote on X.
Lucid’s vice-president of revenue, Erwin Raphael, said the company is “committed to doing our part through the end of the year to ensure an equivalent benefit remains available for our Lucid Gravity lease customers who are unable to take delivery before September 30.”
In June, Lucid’s interim chief executive, Marc Winterhoff, urged lawmakers to retain the incentive for newer market entrants, arguing it was unfair to withdraw it while established automakers had already benefited.
“It’s widely known we haven’t yet sold 200,000 EVs. But many others in the past have, and they all had that credit,” Winterhoff told Automotive News at the time.
“And why would you now change it and basically make it very difficult for new players in the market?” he questioned.
Lucid has produced a total of 20,736 vehicles since it began deliveries in 2021 — 125 in its first year, 4,369 in 2022, 6,001 in 2023 and 10,241 last year.
The Newark, California-based carmaker recently lowered its 2025 production target from 20,000 units to a range of 18,000 to 20,000.
Winterhoff, who has led the company since February in place of Peter Rawlinson, acknowledged that incentives will eventually be phased out but said younger manufacturers still require support to reach scale.
“I really think this is a normal process in the adoption of new technologies. We’ve seen this in many, many other instances as well,” he said.
Lucid shares fell 3.85% on Thursday to $2.25.
