After launching its first electric SUV in December, Lucid’s (LCID) US sales climbed 51% last month from a year ago. According to a new report, Lucid sold 50 Gravity models in its first month on the market.
Lucid Gravity boosts EV sales higher in January 2025
After four straight quarters of annual sales growth in the US last year, Lucid looks to be off to a strong start in 2025. According to sales data from Motor Intelligence released on Monday, Lucid sold 665 vehicles last month, up 51% from January 2023.
The data shows 615 Lucid Air sedans were sold, while the new Gravity electric SUV contributed another 50 in sales. Lucid delivered the first Gravity models in December 2024.
Although Lucid’s sales were up from last year, they were still lower than the record 780 vehicles sold in December.
Like most automakers, Lucid’s sales fell sequentially due to typical seasonal trends. Ford, Hyundai, Honda, Kia, and others reported higher YOY EV sales in January this week, but they were also lower than in December.
Lucid confirmed that Gravity drivers can now officially charge up at Tesla Superchargers. The Gravity was the first non-Tesla sold with a native NACS port.
Powered by a new 926V powertrain, the Gravity can achieve charging speeds of up to 400 kW. At peak rates, Lucid said the electric SUV can sustain “a robust charging curve,” claiming it can add 200 miles range in less than 12 minutes.
With a 123 kWh battery and Lucid’s advanced powertrain tech, the Gravity has an EPA-estimated range of 450 miles.
The Lucid Gravity Grand Touring trim is available to order, starting at $94,900. Later this year, Lucid will launch the lower-priced Touring model, which will start at $79,900.
Lucid Air owners will also be able to charge up at Tesla’s Supercharging network soon. The company said it expects Air owners will gain access in Q2 2025.
Lucid’s stock is up over 45% after hitting a new low of under $2.00 per share in December. However, LCID shares are still down 10% over the past 12 months and over 95% from their all-time high in 2021.
Electrek’s Take
Can Lucid keep up the momentum in 2025? Adding the Gravity into the mix is expected to help boost sales this year, especially with the more affordable Touring trim coming soon.
The Gravity will compete with other luxury electric SUVs like Rivian’s R1S and Tesla Model X. It will also rival the incoming Hyundai IONIQ 9 and Volvo EX90 three-row electric SUVs.
Although Tesla doesn’t release monthly US sales numbers, Electrek reported yesterday that the EV leader’s sales dropped by double-digits in California last year, its first annual sales drop.
Will Lucid and others narrow the gap with Tesla this year? Let us know what you think in the comments below.
Several automakers, including Honda, Hyundai, Ford, and Kia, reported higher EV sales in the US in January. Here’s a look at some of the top-selling EV models (outside of Tesla) last month.
EV sales in the US by model in January 2025
With nearly 133,000 electric vehicles sold in December, EVs accounted for 8.8% of new car sales in the US, a new record.
According to Cox Automotive’s Kelley Blue Book, the strong end-of-year sales helped push total EV sales to 1.3 million in 2024, up 7.3% from 2024.
With Trump reportedly planning to end electric vehicle incentives, like the $7,500 federal tax credit, demand is expected to pick up as buyers look to lock in the savings before they disappear.
Several automakers reported US sales numbers for January, giving us a better idea of how the EV market is playing out.
Ford sold 5,666 EVs last month, up 21% and a new January record. The Mustang Mach-E had its best January with 3,529 models sold, up 173% from January 2024. Last year, the Mach-E was the second best-selling electric SUV behind Tesla’s Model Y. This year, it’s already losing ground.
Despite higher demand for the Mach-E, Ford F-150 Lightning sales slipped 15% to 1,907 units. Ford’s E-Transit electric van sales also fell 80%, with only 230 models sold last month.
Kia sold 1,542 EV6 models sold last month. However, sales of its three-row EV9 were down slightly (1,232 vs 1,408 in January 2023).
Sister company Hyundai notched double-digit sales growth with its popular EV models. As the upgraded 2025 model (with more range and an NACS port for charging at Tesla Superchargers) rolled out, Hyundai IONIQ 5 sales climbed 54%, with 2,250 units sold in January. Although IONIQ 6 sales were up 15% year over year (YOY), only 871 models were sold.
EV model
January 2025 sales
Honda Prologue
3,744
Ford Mustang Mach-E
3,529
Hyundai IONIQ 5
2,250
Ford F-150 Lightning
1,907
Kia EV6
1,542
Kia EV9
1,232
Subaru Solterra
1,052
Hyundai IONIQ 6
871
US electric vehicle sales by model in January 2025
The biggest surprise, again, was Honda. Honda’s electric Prologue continued to take the US by storm with another 3,744 models sold last month.
After delivering the first models last March, the Prologue was the seventh best-selling EV in the US in 2024. Honda sold over 33,000 Prologue’s in the US in 2024, beating out the Chevy Equinox EV (28,874) and Rivian R1S (26,934).
GM doesn’t report monthly US sales numbers, so we’ll have to wait until April for quarterly sales to compare. Several others have yet to report January US sales. Check back for the latest numbers.
Tesla doesn’t report monthly US sales numbers, but earlier today, Electrek reported that the EV maker saw its first annual drop in sales in California last year.
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Genesis is preparing to launch its largest, most luxurious electric SUV yet. The Genesis GV90 EV was spotted for the first time in South Korea, revealing its ultra-luxury design.
Genesis GV90 spotted as a new ultra-luxury EV
Although we actually got our first look at the Genesis GV90 last week after it was spotted on a carrier, the latest sighting gives us a much closer look, with a view from nearly every angle.
Genesis previewed the full-size electric SUV with the Neolun concept last March. The concept featured an impressive “reductive” design, with the signature Genesis two-tone headlamps and Crest grille displayed upfront.
With premium features, including coach doors, the GV90 is expected to compete with ultra-luxury brands like Rolls Royce and Bentley.
The GV90 will serve as a “tech beacon” for Hyundai and its luxury Genesis brand as it scales up. Inside, you can expect to see Hyundai Motor’s latest OS and connectivity tech. Like the Hyundai IONIQ 9, the GV90 is expected to include dual 12.3″ clusters and infotainment screens in a panoramic curved display, but the Genesis model will be over the top.
A new video from HealerTV gives us a better idea of what to expect. Despite the camouflage, you can see that the GV90 maintains much of its design based on the concept.
From the back, it almost looks like the GV70 Electrified, but you can tell it’s even bigger. Genesis kept other design elements, like the connected rear lights and bumper design, shown in the concept.
The side view shows slight changes from the concept, including the turn signals on the fender. Despite a slightly more “rounded” profile, much of the design remains the same. The two-line daytime running lights and other design elements are pulled from the concept.
Genesis is expected to unveil the GV90 later this year, with mass production set to begin in early 2026. It’s expected to be available in two trims: Standard or Exclusive.
The Standard model is rumored to start at around 100 million won ($80,000), while the Exclusive trim, which will include ultra-luxury features like the coach doors from the concept, could cost upwards of 200 million won ($160,000). It’s like to be limited to just a few models.
The Genesis GV90 will be the first Hyundai Motor EV to ride on its new “eM” platform, set to replace its current E-GMP. It will be built at Hyundai’s Ulsan EV plant in South Korea.
Would you buy the Premium Genesis GV90 model for around $160,000? In comparison, a 2024 Bentley Bentayga costs just over $200,000. Let us know what you think in the comments.
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KORE Power has scrapped plans for its $1 billion lithium-ion battery factory in Buckeye, Arizona, and its CEO and founder has resigned.
Idaho-based KORE Power announced plans to sell the site in Arizona originally designated for its 2-million-square-foot KOREPlex factory.
In an emailed statement, KORE said:
The company has recently undertaken a restructuring to provide more benefit to our customers and position the company for long-term success.
Plans for the KOREPlex in Buckeye, Arizona, will not move forward at this time.
The project, which was awarded an $850 million US Department of Energy loan in June 2023, was projected to bring around 3,000 jobs to the state. It was also positioned to be the first US-owned lithium-ion battery plant in the US.
KOREPlex would have featured multiple production lines to make batteries for EVs and battery storage systems. The factory would have produced nickel manganese cobalt (NMC) and lithium-ion iron phosphate (LFP) battery cells.
CEO Lindsay Gorrill also announced on LinkedIn that he is stepping down, and that president Jay Bellows is taking over as the new CEO. Gorrill will remain a member of the company’s board.
It is with great excitement that I announce Jay Bellows as the new CEO of KORE. Jay is a remarkable leader whose expertise, integrity, and dedication will undoubtedly take KORE to new heights. Having worked closely with him, I am confident in his ability to build on what we’ve achieved and lead KORE into a dynamic and successful future.
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