Sales

Promising EV brands struggle this year despite strong U.S. market

Rivian R1T pickup
Rivian R1T pickups on display. Rivian held a one-day sales event at its Illinois factory on June 17 to reduce stock of some configurations of the R1T, reported Crain's Chicago Business.
June 22, 2023 10:44 AM

Some of the recent darlings of the EV market, including Kia and Rivian Automotive, are off to a slow start this year due to supply chain issues and the loss of the federal EV tax incentive because of tougher eligibility rules.

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