Where Will Rivian Be in 10 Years?
The demand for electric vehicles (EVs) is clearly rising steeply. In 2021, all the net growth in global car sales came from EVs. While the growth of EVs in the coming years is undisputed, which players will emerge as winner isn't as clear. As the industry is still evolving, investors looking to start a position should look at a company's long-term prospects and be ready to stomach short-term volatility.
Among the new, pure-play EV companies, Rivian has attracted lots of attention from investors. Let's discuss where Rivian (NASDAQ: RIVN) could reach 10 years from now.
Looking at the strong demand for electric vehicles, several EV companies have sprung up in the last few years. But Rivian has fared better than most of the other EV start-ups. To begin with, its electric vehicles have not only performed as expected in real-world conditions, but they also offer some of the best features. Rivian's electric pickup truck has won accolades, as well as MotorTrend's 2022 Truck of the Year award, for its design, engineering, and technology.
Source Fool.com
