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Rivian CEO: Limited EV Options Hinder U.S. Growth

12/19/2025

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Summary

Story summary

RJ Scaringe, CEO of Rivian Automotive, said Americans want EVs but options are limited.
He noted Tesla dominates the U.S. market with about 50% share.
EVs account for about 5% of U.S. new-car sales, versus over 50% in China.
Rivian plans to boost supply with the R2 model priced at $45,000 and cites the end of the EV tax credit as a driver for lower prices.

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Story summary

RJ Scaringe, CEO of Rivian Automotive, said Americans want EVs but options are limited.
He noted Tesla dominates the U.S. market with about 50% share.
EVs account for about 5% of U.S. new-car sales, versus over 50% in China.
Rivian plans to boost supply with the R2 model priced at $45,000 and cites the end of the EV tax credit as a driver for lower prices.