"For many automakers selling electric vehicles in the U.S. this year, the fourth quarter was not a reason for celebration. Tesla's vehicle deliveries were down 16% compared to the fourth quarter of 2024. Rivian's overall sales for the year were also down compared to 2024. For the U.S. market, it isn't hard to find a culprit for this: the Trump administration's decision to end the federal tax credits for EVs."
"But there's also the matter of Lucid addressing the elephant in the room of the expiring tax credit. In a post on August 14, 2025, Lucid's Vice President of Revenue Erwin Raphael announced that the company would implement its own version of the federal tax credit for drivers interested in the Lucid Gravity through the end of 2025. Raphael's post pointed to the role that the federal tax credit had played in getting people to buy and lease EVs in the first place."
Many U.S. automakers experienced lower EV deliveries in late 2025, with Tesla reporting a 16% drop in fourth-quarter vehicle deliveries versus 2024 and Rivian posting lower annual sales. The end of federal EV tax credits produced a third-quarter rush and a subsequent overall sales decline scheduled for 2025. Lucid Motors increased production and deliveries in 2025 and met its production goal for the year. Lucid used promotions such as Tesla trade-in discounts and implemented a company-backed equivalent of the federal tax credit for Lucid Gravity lease customers through the end of 2025 to preserve buyer incentives.
Read at InsideHook
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