From Yahoo Finance: 2025-06-07 11:05:00

Survey results show cooling sentiment towards EVs, with concerns about price and charging infrastructure. The Trump administration aims to reduce support for EVs. Rivian and Lucid Motors face challenges in 2025, as the EV market sentiment declines in the U.S. Interest in EVs is at its lowest since 2019, with consumer caution rising. High battery repair costs and purchase prices deter potential EV buyers. The average transaction price for new EVs is significantly higher than the overall average. Interest in EVs is down, and pessimism persists regarding battery costs and charging infrastructure. The Trump administration seeks to reduce federal incentives for EVs. EV registrations grew in the first quarter, but tariff uncertainty hangs over the automotive industry. Rivian lacks momentum in 2025 and investors should temper growth expectations. Lucid Motors continues to ramp up production and deliveries of the new Gravity SUV EV. The broader industry’s health is crucial for the success of young automakers like Rivian and Lucid Motors.



Read more at Yahoo Finance: A Little Bad News for Rivian and Lucid