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Lucid (LCID) confirms a new $50,000 EV is coming, and we already know what it looks like

We knew there were more in the works. After the electric SUV, starting at about $50,000, Lucid (LCID) confirmed it will introduce another midsize EV. Here’s what we know so far.

Lucid confirms a new $50,000 midsize EV

Former CEO, Peter Rawlinson, promised over two years ago that Lucid would “drive down the costs of EVs” with new battery, powertrain, and other advanced EV technologies.

The Air, Lucid’s first model, is already significantly less expensive than when it first launched. In 2021, Lucid introduced the Lucid Air Dream Edition, which started at $169,000.

Today, you can snag a 2025 Lucid Air for under $70,000, and this is just the start. Lucid is planning an entirely new platform to power a new family of midsize electric vehicles that will start at around $50,000. According to Rawlinson, Lucid’s midsize models are aimed “right in the heart of Tesla Model 3, Model Y territory.”

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Lucid told Electrek last year that the company planned to launch three new midsize EVs on the platform, starting with a crossover SUV. Now, we are learning a bit more about another midsize model.

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Lucid midsize electric SUV teaser image (Source: Lucid)

Speaking at the Munich Motor Show this week, Lucid’s interim CEO, Marc Winterhoff, confirmed the third $50,000 EV will share some design cues with the Gravity X concept.

Lucid unveiled the Gravity X (pronounced Gravity Cross) last month, an all-terrain, souped-up version of its electric SUV.

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The Lucid Gravity X (Source: Lucid)

The concept was loaded with off-road upgrades and other goodies like all-terrain tires, a lifted suspension, tow hooks, and a widened, more aggressive stance. It also featured a unique new roof rack system with built-in LED lights.

On the inside, Lucid added premium leather seats, high-performance floor mats, a microsuede steering wheel, and a few other upgrades for off-road adventures.

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The interior of the Lucid Gravity X (Source: Lucid Group)

Lucid said every detail was intentional, suggesting we could see the concept arrive in production form. Now, it has been confirmed.

Top comment by Gussy23

Liked by 24 people

At some point, I'd like to own a Lucid or a Rivian. It would be nice to have a product from a car company 100% dedicated to BEVs and direct to consumer sales. I like the "this is what we do and this is all we do" approach to battery electrics.

I figure by the time I'm fully done with my Mach-E, Lucid and Rivian will have some truly compelling products available.

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Winterhoff also confirmed at the event that Lucid has the funding “to get us into the second half of next year,” when the company plans to begin production on the midsize platform. Lucid will ramp up output of the standard midsize SUV first, “so that tells you that additional funds will be needed to get there,” Winterhoff added.

Lucid-new-$50,000-EV
The Lucid Gravity X (Source: Lucid)

If everything goes according to plan, the rugged midsize SUV will likely arrive sometime in early 2027, followed by the sedan shortly after. According to Car and Driver, Lucid may also offer the midsize platform for fleets, using the same approach it has announced with Gravity robotaxis through its partnership with Uber.

When it arrives, Lucid’s rugged new midsize SUV will likely go head-to-head with the Rivian R2/R3, Jeep Recon, Scout Terra, and a few others set to hit the market over the next few years.

What are your thoughts on an electric midsize Lucid off-roader? Would you buy one for around $50,000? Rivian aims to launch the R2 at around $45,000, but an off-road version (“X”) will likely cost slightly more. Which one are you taking?

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Avatar for Peter Johnson Peter Johnson

Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising