Ford Ditches Its Electric SUV: Here's What That Means For Rivian Stock

Car buyers are switching from fully electric vehicles to plug-in hybrids. That spells bad news for brands that only sell electric vehicles.Shifting winds have hit the automotive market. After years of unit growth for battery-powered electric vehicles (EVs), the sector has begun to stagnate. New unit sales for EVs were growing 51% year over year less than a year ago. In the first quarter of 2024, that growth rate collapsed to zero, meaning the number of EVs sold in the United States was the same as a year ag ...