Lucid Group announced a significant increase in production and sales for 2025, even as the broader electric vehicle sector faces mounting challenges. The luxury EV maker reported annual deliveries of 15,841 vehicles, a 55% rise compared to 2024, with fourth-quarter deliveries surging more than 70% year-over-year.

The company produced 18,378 vehicles last year, meeting a revised target of roughly 18,000 units after initially projecting up to 20,000. The fourth quarter alone accounted for 8,412 vehicles produced. Much of the growth is attributed to the ongoing production ramp-up of its new Gravity SUV, which has previously faced delays due to supply chain constraints.

Lucid's results stand in contrast to broader industry trends. Key rival Rivian reported an 18% decline in annual deliveries, while market leader Tesla recorded its second consecutive year of falling global sales. The EV sector is grappling with several headwinds, including rising costs from tariffs, slowing sales forecasts, and regulatory changes such as the expiration of federal consumer incentives.

Despite its progress, Lucid continues to navigate these industry-wide pressures alongside its own operational challenges as it works to scale production and solidify its position in the competitive luxury electric vehicle market.