Lucid (LCID) reveals Cosmos and Earth SUVs as first midsize EVs, starting under $50,000

The Cosmos and Earth will be the first two electric SUVs based on Lucid Group’s (LCID) Midsize EV platform, with prices starting under $50,000.

During its first Investor Day event on Thursday, Lucid introduced the first two models that will ride on its midsize platform, scheduled to go into production later this year.

The Cosmos and Earth, both electric SUVs, will be considerably cheaper than the current Gravity and Air, Lucid said, with prices starting under $50,000. Lucid previewed a third adventure-focused model but said more details would be revealed closer to launch.

Despite a lower price tag, Lucid promises the midsize models will expand its “Compromise Nothing” motto to challenge the status quo and defy industry standards.

Like the Gravity and Air, the midsize electric SUVs will offer the range, efficiency, and driving experience that buyers are looking for, but at about half the cost.

“These vehicles deliver unmistakable Lucid design and driving characteristics, while embracing a radically simpler, more efficient approach to manufacturing and cost,” Lucid’s senior vice president of design and brand said.

Although the Cosmos and Earth will ride on the same platform, they are custom-tailored for different buyers. The Cosmos is centered around efficiency, space, and performance, while the Earth is designed for those with an “even more adventurous spirit,” Lucid said.

During the event, Lucid said its midsize platform will “set the benchmark for the premium driving experience” with class-leading spaciousness and cargo volume, range and efficiency, performance, in-car features, and price.

The platform is 10% more efficient than its closest competitor, achieving up to 4.5 mi/kWh. After releasing the 2025 Air, Lucid deemed it “the world’s most efficient car” with a record 5.0 mi/kWh, but that’s also a sedan.

The Gravity, on the other hand, has an efficiency of up to 3.6 mi/kWh, which already beats the Hyundai IONIQ 5 (3.4 mi/kWh), one of the best-selling midsize electric SUVs in the US.

The Cosmos will have a range of 300 miles from a 69 kWh battery. According to Lucid, to offer the same range on a comparable EV, the cost of battery cells is $2,000 higher for Chinese OEMs, $1,500 higher for German OEMs, and $500 higher for US automakers.

As for charging, the midsize can regain over 200 miles of range in 14 minutes. They will also be equipped with bidirectional charging tech, enabling Vehicle-to-home (V2H), Vehicle-to-Load (V2L), Vehicle-to-Everything (E2X), and Vehicle-to-Vehicle (V2V) capabilities.

The Cosmos will be more efficient and advanced than its rivals, while also offering more interior space. The SUV will offer 8% more 2nd row legroom, 10% more couple distance, and 4% more passenger space than its closest competitors.

A key enabler for cutting costs and improving efficiency is Lucid’s new drive unit, Atlas. The next-gen drive unit is smaller, lighter, and less complex, with 30% fewer parts and 37% costs savings compared to its current Zeus unit used in the Gravity.

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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