Lucid’s (LCID) midsize EV platform is coming next year, bringing three $50,000 ‘top hats’

As Lucid (LCID) ramps up production of its first electric SUV, the Gravity, the EV maker has several new lower-priced models in the works. Lucid confirmed its midsize platform is coming next year, which will spawn at least three new EVs priced at around $50,000.

Lucid has three new midsize EVs coming soon

In early 2023, Lucid’s former CEO, Peter Rawlinson, told investors on an earnings call that the company’s advanced battery, powertrain, and other EV technologies are “pushing the envelope on what’s possible.”

Rawlinson promised the innovations would “drive down the costs for EVs,” paving the path for more affordable models.

In an interview with ABC News later that year, Rawlinson explained that Lucid’s in-house tech will be “the key to unlocking greater efficiency” and ultimately lower prices.

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During the interview, Rawlinson said that Lucid was aiming for a starting price around $50,000, adding that’s “Right in the heart of Tesla Model 3, Model Y territory.”

Fast forward a few years, and Lucid is now preparing to launch its Tesla-rivalling midsize EVs. According to the company’s interim CEO, Marc Winterhoff, Lucid will bring its midsize platform to market in late 2026, with production ramping up the following year.

Speaking on the Automotive News Daily Drive podcast, Winterhoff confirmed it’s aiming for starting prices around $50,000.

Lucid has “three top hats” in the works, two of which will launch relatively close to each other. The third will follow shortly after.

Last year, Lucid told Electrek that the company planned to launch three new EVs on the midsize platform: an electric crossover, sedan, and a third vehicle that has yet to be revealed.

We got a sneak peek of the upcoming midsize crossover SUV after Lucid teased it in a blurry photo last September.

Earlier this month, Lucid opened its new Phoenix Hub in Nikola’s former headquarters. The new hub will be home to the first midsize prototypes.

For now, Lucid is focused on ramping up Gravity output. Winterhoff said on the podcast that feedback for the electric SUV has been “phenomenal” so far. He added, “In all of my 25 years of working in the automotive industry, I’ve never seen that positive feedback.”