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-0.00141488898563342 0.000217675228559063 0.00348280365694384 0.00511536787113633 0.000761863299956429 0.0117979973878972 0.00946887244231604 0.0118959512407487
Stock impact report

Hybrid Vehicles Poised to Gain Market Share, Create Pathway to Meeting Auto Industry Environmental Goals as Regulatory Requirements, Dates Eased [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
GRAND RAPIDS, Mich. April 29, 2024 /PRNewswire/ -- Changes in environmental regulatory requirements for the auto industry over the past six months have shifted focus from Electric Vehicles and created a pathway for Hybrid Vehicles to gain more market share. These changes also shift power away from EV leader Tesla to more Hybrid-focused OEMs. The findings are part of "Charging Ahead: Hybrids Come into Sharper Focus as EV Aspirations Meet Reality" by Rick Wainschel , Vice President of Data Science and Analytics at Cloud Theory "Regulatory requirements and dates have eased, with the Biden Administration slashing EV adoption targets from 67% to 35% by 2032," Wainschel said. "With that shift, OEMs have pulled back on their investments and reduced their EV scale and scope." Hybrids have been gaining in inventory share and market share for the past three years, and these changes will only add to momentum in this sector. In Q1 2024, year-over-year Hybrid share of vehicle movement jumpe Show less Read more
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