Transportation

Lucid Lowers Production Outlook in Sign of Turmoil for EV Makers

A Lucid Air Grand Touring car.
Photographer: Andrey Rudakov/Bloomberg

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By Jade Thomas

August 5, 2025 at 4:05 PM EDT

Lucid Group Inc. trimmed its full-year production outlook, making the electric vehicle manufacturer the latest carmaker to temper expectations for the year.

The company now expects to produce between 18,000 and 20,000 EVs in 2025, down at the midpoint from its earlier forecast for 20,000 vehicles, Lucid said as it reported second-quarter earnings on Tuesday.