Rivian's CEO Explains Why China Is Leading The EV Shift And How The US Can Catch Up

02 Apr 2025 | Abstracted from Electrek

"In comparison, EVs accounted for 45% of all car sales in China last year...[where] innovation happening at 'lightning speed' with new models, advanced battery tech, and much lower EV prices...

"One of the biggest reasons is the lack of options in the US. Scaringe says there are only 'one of two great, high compelling choices' under $50,000."

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