Reported over 1 year ago
Tracking EV registrations can provide valuable insights to investors, especially when some automakers do not disclose monthly sales figures. April saw a 14% increase in U.S. EV registrations, driven by incentives aimed at reducing excess EV inventory. Rivian's R1S recorded a notable 126.8% gain in registrations, positioning the company well in the EV market. With the introduction of the second-generation R1S and R1T, Rivian aims to increase profitability and generate demand while preparing for the R2 launch in 2026.
Source: YAHOO