Rivian Says It's Not Considering a Hybrid Model. Slowing EV Sales Suggest It Should Keep an Open Mind [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
The reasons are plenty, including the expiration of EV tax credits last year, the higher cost of materials due to tariffs, and falling consumer demand. Many automakers, including Volkswagen Ford , and General Motors, have recently reignited their interest in hybrids and are ramping up new model development. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » And some companies that were once betting on pure EVs are switching to extended-range electric vehicles (EREVs), which use small gas-powered engines to charge the vehicle's battery for a longer range but don't power the vehicle's wheels. But despite the shift, Rivian (NASDAQ: RIVN) remains committed to the road less traveled with its battery-powered-only approach. CEO RJ Scaringe said last year, "We're not planning to offer an EREV, or effectively, a serie
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