Lucid Motors officially announced its next electric vehicle, the three-row Gravity SUV. Based on the same platform as Lucid’s only other vehicle, the Air sedan, the Gravity is the California-based company’s first foray into the lucrative and intensely competitive SUV market.

Lucid says the SUV will get up to 440 miles of range, can accelerate 0–60 mph in under 3.5 seconds. It will have a base price of $80,000 and is expected to go into production in late 2024.

But the landscape looks remarkably different than it did three years ago when Lucid first teased the possibility of an electric SUV. The luxury EV market, in particular, is intensely competitive and overly saturated at this time, with offerings from Audi, Mercedes-Benz, Cadillac,…

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