#ev-truck

#ev-truck

You should expect to see a very significant increase in capital expenditures, but I think well justified for a substantially increased future revenue stream.

Younger buyers in China, who once viewed German brands as top-tier, now see them as 'brands for the parents,' indicating a significant shift in consumer perception.

Charging from 10 to 98 percent took just six minutes and 27 seconds. The more standard 10-80 percent time takes just three minutes, 44 seconds. Only have a minute to plug in? Still sufficient to get from 10 to 35 percent state of charge.

On average, fuel prices are up almost a dollar per gallon, or 25 percent, according to AAA. For a nation as addicted to the automotive as we are, that's bad news. Except, of course, for electric vehicles.

Rivian said it expects to sell between 20,000 and 25,000 R2s this year, the first of which will head to customers in June once production begins. That means it has six months to reach that goal. Even if Rivian hits the low end of that target, its sales rate will outpace every other comparable electric vehicle at or under $60,000 aside from the Tesla Model Y.