Rivian (RIVN 1.70%, And Lucid motors (LCID 1.17%, Entered 2025 in separate gear. The rivian was entering a major vehicle launch, stable delivery, and any visual catalyst deficiency in a year, while Lucid has kept six quarters of record delivery in six consecutive quarters and is ramping the production of its new gravity SUV. One thing that both of them are common is, growing, although hoped, electric vehicle (EV) more slowly than the market. Here is bad news: In some recent data, it has been said that the spirit of the EV market looks sour.
The survey says
Tesla The game changed when it first made EVS “quiet”. Since then, the propagation around EVS as the future of transport has increased some countries (like China) rapidly than others. But according to a recent survey, America may decline in that promotion
According to a consumer survey commissioned by AAA, interest in EVS since 2019 reached its lowest level since 2019. Only 16% of the respondents reported “probability” or “very probable” to buy EV as their next vehicle, indicating consumer caution. The percentage of respondents who indicated that they would be “unlikely” or “not very possible” to buy EV as their next vehicle jumped from 51% to 63%, the highest marks since 2022. It assumes that most of the cars would have electricity within the next decade, which fell from 40% to 23% in 2022 this year.
Not only is interested in EVS Down, the cost of repairing the battery, the total cost, and the charging infrastructure also have gendering pessimism – the old story as EVS. More especially, 62% of the respondents noted the high battery repair cost as a main reason to avoid going electric, while the purchase price was quoted by 59% of the respondents.
When it comes to the procurement price, hesitant is understood. According to data from the COX automotive, the average transaction price for a new EV in March was $ 59,205, more than the overall average transaction price of $ 47,462. As far as consumer concerns are concerned, 56% of respondents were afraid of being out of charge while driving, and 55% referred to the lack of convenient public charging stations.
Stretching support
The Vanning Consumer Bhavna goes by hand with the efforts of the Trump administration to draw support from the EV industry. The House Republican passed a budget bill on 22 May that will reduce federal incentives for battery manufacturing, as well as other clean energy projects. If the Senate approves it, it will cut the section of the bill that provides $ 7,500 EV tax credit.
The administration took it one step forward, as the bill also makes a new tax of $ 250 for EV owners and a new $ 100 for hybrid owners. Taxes contribute to the highway trust funds to support the infrastructure.
Tesla Model 3. Image Source: Tesla.
What does it mean
Investors will be intelligent to increase the expectations of development for the EV industry this year, especially with tariff uncertainty hanging on the motor vehicle industry. It is especially true that the first quarter data can give a different effect. According to S&P Global Mobility, EV registration increased by 16%, and the market share increased from 6.9%to 7.7%, year after year. Due to the prediction of people, a demanding bridge-forward effect was that the tax credit would soon disappear.
The rivians, which are currently waiting for the R2 launch eagerly waiting, lacks speed in 2025 and can use the strength of the broader industry to promote its stock value. Investors who believe in the revision long -term, should keep their eyes open for purchase opportunities this year.
For lousid investors, while this decline in consumer spirit is not ideal, the company has a lot of self-governed speed for record delivery quarters. The company is currently increasing the production and delivery of the new Gravity SUV EV, which will continue the total delivery throughout the year.
For these two young vehicle manufacturers, the health of the comprehensive industry is important. The simple truth is that people are not taking the EVS in America as soon as possible.
There is no situation in any stock mentioned by Daniel Miller. The micle flower has the position and recommends Tesla. The Motley Fool has a disclosure policy.
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