Transportation

Lucid Sees Muted Output Gains in 2026 as US EV Demand Slows

A Lucid  vehicles at the Geneva International Motor Show in Geneva. — A Lucid vehicles at the Geneva International Motor Show in Geneva.
Photographer: Andrey Rudakov/Bloomberg

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By Kara Carlson

February 24, 2026 at 9:09 PM UTC

Updated on

February 24, 2026 at 10:47 PM UTC

Lucid Group Inc. plans to boost electric vehicle output more slowly in 2026 after last year’s surge was marked by production struggles and faltering demand for battery-powered vehicles in the US.

The EV maker will make between 25,000 and 27,000 vehicles this year, Lucid said as it reported a worse-than-expected loss for the fourth quarter. Analysts had expected the company to assemble a little more than 33,000 vehicles in 2026.