Tue Feb 25 21:10:00 UTC 2025: ## Lucid Motors Faces Headwinds Despite Strong 2024 Finish

**NEW YORK, February 18, 2025** – Lucid Group (NASDAQ: LCID), the electric vehicle (EV) manufacturer, concluded 2024 with record-breaking sales, delivering 10,241 vehicles – a 70% increase year-over-year. However, the company faces potential challenges in 2025, despite the launch of its highly anticipated Gravity SUV.

While January 2025 saw a 51% year-over-year increase in deliveries (665 vehicles, including 50 Gravity SUVs), industry forecasts suggest a leveling off in EV market share. J.D. Power predicts that EVs will maintain their 9.1% share of the U.S. retail auto market, unchanged from 2024. This projection attributes the stagnation to the reduction of government EV incentives and uncertainty surrounding tariffs. Furthermore, customer satisfaction with EV charging infrastructure declined significantly in the third quarter of 2024.

Despite these near-term headwinds, J.D. Power anticipates a substantial increase in EV market share to 26% by the end of the decade. Lucid CEO Peter Rawlinson remains optimistic, aiming for an ambitious production goal of 1 million EVs annually, leveraging new mid-size vehicle platforms priced around $50,000.

Analysts warn that Lucid, as a young EV startup, remains a high-risk investment due to its ongoing cash burn and inherent stock volatility. Investors are advised to monitor the production ramp-up of the Gravity SUV and its impact on sales as key indicators of Lucid’s 2025 performance. The company’s success will depend on navigating the evolving EV market landscape and achieving its ambitious production targets.

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