Rivian CEO Says There is ONLY 1 Electric Car Worth Buying – its NOT a Rivian!
The CEO of Rivian, R.J. Scarge, says there’s only five or less cars in the United States you should actually consider buying. He says there’s 300 good gas cars, which I completely disagree with, but only five EVs. And he says only one electric car under $50,000, which is worth your time, which is even worth looking at. So, what’s this one electric car under $50,000 that he says you should buy? Hello, my friends. Welcome to the channel. I’m Sam Evans. You’re watching the Electric Viking RJ Scar. He says there’s 300 gas car options but only one EV worth buying under $50,000. Kind of surprised to hear him talk like this. In the US, right, the average transaction price for EVs was $58,000 in November. The average price for an internal combustion car in the US in November was $49,000. It’s a pretty big difference. $9,000. Guys, I am personally with Powers Shop for my EV electricity plan. I pay no electricity costs from 12:00 p.m. to 2:00 p.m. every day on the EV day saver plan. Now, if you’re a new customer, you can get a $100 signup credit when you make the switch to them. And if you sign up with my referral link, you can also get an additional $75 in credit. So, that means you end up with $175 in credit if you choose the Powershop EV charging plan. Check out my referral link in the description for details. Rivian CEO RJ Scarring says that this price discrepancy is a problem in the US. And he says the other problem is there’s not enough variety in the USA. Of course, one of the reasons for that is that you guys have basically banned Chinese electric cars. Anyway, speaking at Fortune’s Brainstorm AI conference, Scarge said that America doesn’t offer anywhere near the variety that buyers in Europe and China have. That’s very true. And you can say the same thing for Australia as well. He hit on the price point as the reason that EV adoption in the US sits at just 8%. Do you guys agree? Is the reason EV adoption in the US is only about 8 or 9%. The cost of cars or is it something else? Let let me know what you think. He went as far as to call it a shocking lack of choice while claiming that American buyers have well under five great choices near the average new car price. Well under five. Surprisingly, he said Tesla has the only truly compelling EV under $50,000. Or he should actually he said the only true compelling EVs under $50,000. The Model Y of course you can get it starts at $40,000. The Model Y longrange is $45,000. The Model 3 is less than $40,000 starting price. This is what he said. That’s not a reflection of a healthy market with lots of choice. If you think of it as a consumer, you have 300 different internal combustion engine choices at that price or lower, and you have maybe only one highly compelling EV choice. He’s referring to the Tesla Model Y when he said only one highly compelling EV choice below $50,000. Interesting to hear him say that the CEO also he promoted the R2. So the Rivian R2 is going to have a starting price of $45,000 if the idea he’s saying is to compete with the Tesla Model Y to provide a compelling alternative to a Tesla. American EV buyers want more options, right? Um rivals overseas have a flood of options. Uh, I mean there’s so many choices now. Particularly if if you were just in China, you just looked at only Chinese electric cars. You know, there’s four times more choices just in Chinese EVs than there are US EVs. In fact, more than four times. China is, of course, the most competitive EV location in the world in terms of prices. And so, you know, you can get an EV in China from Neo, Xping, Leap Motor, Xiaomi. you can get one at less than the cost of an equivalent internal combustion car. So, Scarge said the Trump administration is pushing to bring back more manufacturing to the US. I don’t know if I agree with that, but anyway, he believes it’ll help domestic brands to scale EV supply and ultimately lower costs. But the truth is that by removing subsidies both for manufacturers for EVs and for buyers for EVs, I think it’s actually pushed American manufacturing of electric cars back. And if you look at the the actual money being invested into EVs now, it’s declined sharply. The projects, some of them from major manufacturers have been paused or cancelled. So I don’t agree with what he’s saying about Trump. And I think really there’s just some fear. I think a lot of CEOs are afraid of Donald Trump. So, they’re just basically kissing his butt or kind of blowing smoke in order to appease him and to not in not incur his wrath, you might say. Getting back to what R.J. said about the Model Y, do you guys agree? Is it the only compelling electric car that costs less than $50,000 in the United States? Let me know what your thoughts are. Thanks for watching. Volvo’s CEO says that the United States is the ideal place for electrification. He literally is saying EVs are not going to go down in demand. They’re actually going to go up. In spite of Trump cancelling cancelling all the subsidies and he’s saying that there’s a really good reason for this and it’s very logical. When I first saw these headlines from the CEO, I thought, oh, what’s he going to say here? And what he says just makes complete sense. I’ve got to say Volvo CEO, he is a a pretty intelligent guy. Here’s here’s some of the transcript from the interview that he had recently with Automotive News. Hello my friends, welcome to the channel. I’m Sam Evans. Great to have you with us. Volvo CEO, right? He spoke to Automotive News in Europe and Automotive News said said to him, right, Volvo is adjusting to the slowing battery electric vehicle market in the US by adding production of the XC60 plug-in hybrid in South Carolina? That should help. But does Volvo need to add new combustion cars in the US now that EV incentives have ended? He said this, right? You should be careful believing the market will go back to combustion cars. Why? Because people have underestimated a big advantage of having an all-electric car or a plug-in hybrid, which is you can leave the garage filled up every morning. Now, he’s not referring to these plug-in hybrids that have 50 km of range. He’s talking about proper ones. You very seldom need more range than that in a day, which means the driving experience is pretty similar to an electric car. the backup engine would really need to kick in. Now guys, I don’t personally support plug-in hybrids. I don’t think you need them. But anyway, then he goes on to say this also, I think electrification, as in fully electric cars, is a valid solution in the United States because a lot of people have the possibility to charge their homes. And I was thinking, you know what, it’s true. In the United States, not that many people live in apartments. You know, isn’t it amazing that EV sales now in China are at 60%. 60% in China and most people live in an apartment. We’re talking, you know, really 80% of the people who buy cars live in an apartment. And the US is the opposite to that. And that’s that’s what he’s saying here. He says, therefore, because they can charge at home, most people, not everyone, but most, I think in many respects, America is the ideal market for electrification. It’s true that EV sales have dropped because so many people purchase their cars before the incentive ended. However, when we are through that process, I think that people won’t just look for a combustion car. They will look for longrange FEVs and EVs. That’s something I’m sure will happen. What do you guys think about this? Do do you do you agree with these arguments or these points that he’s making? Curious. Let me know in the in the comment section. Is this going to be like Germany? I mean, what did we see happen in Germany? The incentives were cancelled. This was about 2 years ago completely. So, it was €4 to5,000. It was a lot of money. They were cancelled and EV sales went down significantly. Kind of like what’s happened in the US very similar. However, over the last 2 years, EV sales have climbed pretty pretty steadily climbed. And now, they’re actually just hit their record high.
Rivian CEO Says There is ONLY 1 Electric Car Worth Buying – its NOT a Rivian!
Rivian’s CEO sparks controversy by claiming there’s only one electric car truly worth buying—and surprisingly, it isn’t a Rivian. His bold remark highlights the harsh realities of today’s EV competition and the growing pressure on brands to prove long-term value and reliability.
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Volvo CEO: Many Americans ‘underestimated a big advantage of having EVs’
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You’ve Got 300 Gas Car Options But Maybe Only One EV Worth Buying, Says Rivian Boss
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