RIVN - Rivian's R1T Continues to Impress
2024-07-11 08:15:00 ET
In the electric vehicle (EV) industry, which is currently facing a slowdown in U.S. sales growth, it's more important than ever to understand how consumers are feeling about specific vehicles. In fact, more than 4 out of 10 U.S. owners of EVs who responded to a recent McKinsey & Co. survey said they are planning to buy traditional combustion-engine vehicles for their next automotive purchases.
That's why investors should pay attention to the Edmunds auto guide's recent tests of EVs and its insight into which ones its testers would or wouldn't purchase. That report includes good news for Rivian Automotive (NASDAQ: RIVN) investors.
Edmunds has a goal in mind with its long-term EV test fleet, which is to use them every day and discern how they fare during real-world use. Currently, they're long-term testing nine EVs -- which includes cars, trucks, and SUVs across a range of prices.
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Rivian's R1T Continues to Impress