Lucid (LCID) is bringing a new $50,000 EV overseas

The new midsize electric SUV is set to go head-to-head with the Tesla Model Y and leading Chinese luxury brands. Lucid (LCID) confirmed it will launch the new midsize EV overseas, with prices expected to start at around $50,000.

Lucid will launch a new midsize EV SUV overseas

Lucid is going global. Last week, Lucid opened orders for its new Gravity electric SUV in Europe, promising the new luxury EV is “engineered for the distinctive demands of European roads.”

During the Gravity’s European debut at the 2025 Munich Motor Show, Lucid’s interim CEO, Marc Winterhoff, revealed a few new details about the company’s overseas expansion.

Winterhoff told Auto Express on the sidelines of the event that Lucid “will enter the UK with a mid-size platform.” Will it launch the Gravity first? That’s still up in the air for now.

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When asked if the Gravity would be sold in the UK, Lucid’s interim CEO explained that “Right-hand drive requires additional investment.” However, Winterhoff added, “as right-hand drive applies not just to the UK but a number of other potential markets, too.” According to local reports, this will likely include Australia, a key electric vehicle battleground.

The new midsize EV is set to arrive in the UK in December 2026 with a target price of around $50,000 (£36,900). At that, Lucid would undercut the Tesla Model 3 (£39,990) and Model Y (£44,990).

In Australia, prices could start at around AU 75,600 ($50,000). Although we will have to wait for official range and performance numbers, given that Lucid already offers some of the most efficient EVs on the market, you can expect nothing less from the new midsize EV.

Starting next year, Lucid plans to begin production on its midsize platform. The platform will wear at least three “top hats,” or different models.

Lucid told Electrek last year that the company plans to launch three new EVs based on its midsize platform. The first will be a crossover SUV, followed by a more rugged SUV that will pull design cues from the Gravity X concept, unveiled last month. The third has yet to be confirmed, but is rumoured to be a midsize electric sedan.

In overseas markets, including Europe, the UK, and potentially Australia, Lucid will compete with Tesla and leading Chinese luxury brands such as BYD’s Denza, Zeekr, and XPeng.

First, Lucid will focus on ramping up Gravity sales. In the US, the Lucid Gravity Grand Touring is available starting at $94,900. Later this year, Lucid will add the Touring model, starting at $81,550.

The Gravity electric SUV starts at 116,900 euros ($137,000) in Germany, including VAT. Lucid said it will launch the Gravity Touring soon, starting at 99,900 euros ($117,000) in Germany.

Electrek’s Take

Lucid has been promising for years that as it advances new battery, powertrain, software, and other technology, it would unlock more affordable electric vehicles.

The luxury brands’ vehicle prices have already dropped significantly since the initial Lucid Air Dream Edition launched in 2021, which started at a whopping $169,000. Today, you can buy the 2025 Lucid Air, the “world’s most efficient car,” for under $70,000.

With a slate of more affordable, midsize models set to roll out, Lucid plans to take the brand overseas. The Lucid Air is the best-selling luxury EV sedan in the US, outselling the Tesla Model S. Its midsize SUV, starting at about $50,000, will likely be an even bigger hit.

The only question is… can it compete with the Tesla Model Y and Chinese luxury brands overseas? Let us know your thoughts in the comments.