Lucid Motors introduces $7,500 Gravity leasing incentive, with U.S. tax credit no longer applicable
Lucid Motors Introduces the Lucid Advantage Credit for Gravity SUV Lessees
In an effort to maintain the affordability of its luxury electric SUV, Lucid Motors has announced the Lucid Advantage Credit. This new initiative offers a $7,500 credit to qualifying customers who lease the Lucid Gravity SUV.
To be eligible, customers must place an order for a Lucid Gravity SUV by September 30, 2025, and finalize and sign a lease agreement between October 1 and December 31, 2025. Existing qualifying customers who have already placed orders before the deadline and lease within the specified delivery window will also automatically receive the credit, with no extra steps required.
The Lucid Advantage Credit is designed to offset the expiration of the U.S. federal $7,500 electric vehicle tax credit, which ends on September 30, 2025. It applies only to leases of the Lucid Gravity SUV and is a direct monetary discount on the lease, effectively replacing the federal tax credit for customers who cannot take delivery before the federal credit expires.
The table below compares the Lucid Advantage Credit with the U.S. Federal EV Tax Credit:
| Feature | Lucid Advantage Credit | U.S. Federal EV Tax Credit | |------------------------------|-----------------------------------------------|-----------------------------------------| | Amount | $7,500 | $7,500 | | Eligibility | Lease of Lucid Gravity SUV with order by Sept 30 and lease finalized Oct 1–Dec 31 | Purchase (not lease) of qualifying EVs | | Application | Direct lease discount (reduces lease cost) | Tax credit claimed on federal tax return | | Timeframe | Applies only Oct 1 to Dec 31, 2025 leases | Ends Sept 30, 2025 | | Vehicle eligibility | Only Lucid Gravity SUV | Wide range of qualifying EVs | | Additional steps required | None (automatic for qualifying leases) | Requires claim on tax return |
The Gravity SUV, with its premium features such as seven seats, 828 horsepower, and up to 450 miles EPA range, positions itself as a strong luxury electric SUV option in the market.
Lucid's interim CEO, Marc Winterhoff, has urged lawmakers to maintain incentives for newer automakers, arguing that phasing out the electric vehicle tax credit disproportionately impacts companies still scaling up. Winterhoff also stated that making the credit very difficult for new players in the market is not justified.
The current version of the federal $7,500 EV credit has been a key factor in making EVs more affordable for many buyers since its re-introduction in 2023. Legacy manufacturers have benefited from years of eligibility for the electric vehicle tax credit.
The Lucid Advantage Credit provides a valuable benefit for those considering leasing a Lucid Gravity SUV during the last quarter of 2025, ensuring similar financial benefits but specifically for leased vehicles of that model amid the ending federal tax credit.
[1] Lucid Motors. (2023). Lucid Gravity SUV. [Online]. Available: https://lucidmotors.com/gravity
[2] Lucid Motors. (2023). Lucid Advantage Credit. [Online]. Available: https://lucidmotors.com/advantage
[3] U.S. Department of the Treasury. (2023). Qualified Plug-in Electric Drive Motor Vehicles. [Online]. Available: https://www.treasury.gov/resource-center/tax-policy/tax-law-guidance/TdT-25598.html
[4] U.S. Internal Revenue Service. (2023). FAQs on Electric Vehicle Credit. [Online]. Available: https://www.irs.gov/credits-deductions/individuals/qualified-plug-in-electric-drive-motor-vehicles-faqs
[5] U.S. Internal Revenue Service. (2023). Income Tax Returns. [Online]. Available: https://www.irs.gov/individuals/how-to-file-your-tax-return
- In the realm of finance, Lucid Motors' Lucid Advantage Credit offers a direct monetary discount for those leasing the Gravity SUV, aiming to provide similar financial benefits for the electric vehicle market, just as the U.S. federal EV tax credit has done.
- As the federal EV tax credit comes to an end on September 30, 2025, the technology sector is witnessing Lucid Motors' initiative to support the automotive industry by maintaining the affordability of its luxury electric SUV through the Lucid Advantage Credit, applicable to leases within the transportation sector.
