Bad News for Rivian Investors
Unless you've been hiding from the news, you've likely heard that electric vehicle (EVs) sales have slowed to a crawl in the U.S. market. Among the concerns are the lack of affordable options and lack of sufficient charging infrastructure.
But according to a recent survey by McKinsey & Co., there's even worse news for investors of companies such as Rivian Automotive (NASDAQ: RIVN).
McKinsey, as a part of its biennial survey, asked roughly 200 questions to more than 30,000 consumers in 15 countries that comprise roughly 80% of global sales volume. And what the survey found should be of concern to EV investors.
Source Fool.com
