Lucid Motors CEO Peter Rawlinson is stepping down. In an official press launch from the automaker, the ex-boss will stay linked to the corporate because the Strategic Technical Advisor to the Chairman of the Board however will relinquish all his CEO duties efficient instantly.

The information comes as a shock, at the least to these exterior the corporate. It appears to be at the least partially a shock inside the automaker as properly; the corporate Board appointed Chief Working Officer Marc Winterhoff as his interim substitute whereas launching a seek for a everlasting CEO.

Photograph by: Lucid Motors

Rawlinson has been with Lucid for the reason that firm’s official launch in 2016. In a press release, he would not clarify why he determined to step down apart from merely saying it was time.

“Now that we have now efficiently launched the Lucid Gravity, I’ve determined it’s lastly the best time for me to step apart from my roles at Lucid,” mentioned Rawlinson. “I’m extremely pleased with the accomplishments the Lucid staff have achieved collectively by my tenure of those previous twelve years. We grew from a tiny firm with a giant ambition, to a well known technological world chief in sustainable mobility. It has been my honor to have led and grown this exceptional, really world-class group, as a result of Lucid has all the time been at the start a few staff effort. The time has now come for me at hand the baton to that very staff.”

His departure comes because the long-awaited Gravity is on the cusp of lastly reaching patrons. Initially revealed in 2020, the manufacturing model debuted in late 2023, however we have but to see any attain dealerships. The Grand Touring trim, with a beginning worth of $94,900, is on the market for order now. The $79,900 Gravity Touring will likely be accessible in late 2025.

Photograph by: @about.vehicles.yo

Rawlinson’s departure additionally comes at a time when the way forward for totally electrical automobiles is unclear, each politically and by way of waning demand. In any case, he leaves the corporate after a really sturdy yr with 10,241 gross sales—a rise of 71 % versus 2023.

“Lucid’s know-how management is now well-established and our roadmap well-defined,” mentioned interim CEO Marc Winterhoff. “I’m honored to step into this function as we enter the subsequent stage in our transformational journey, and I stay up for capitalizing on the great alternative this presents. Our staff stays targeted on additional ramping manufacturing of the Lucid Gravity, making ready for the launch of our three midsize platform automobiles, and persevering with growth of our low-cost Atlas drive unit whereas we aggressively scale back our prices.”