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Turo and Rivian have announced an exciting new car-buying program tailored specifically for Turo hosts with registered businesses. This initiative aims to support Turo hosts in enhancing the sustainability of their rental fleets with Rivian’s award-winning electric vehicles. Program Highlights Rivian’s new car-buying program represents a significant opportunity for Turo hosts to elevate their rental fleets with top-tier electric vehicles while benefiting from substantial purchase incentives. This initiative underscores Rivian’s commitment to promoting sustainability and supporting small businesses in the…

At Bernstein’s 40th Annual Strategic Decisions Conference in New York, Rivian CEO RJ Scaringe provided a comprehensive update on the company’s progress, challenges, and plans. Here are the key highlights from his fireside chat: Financial and Operational Updates Production and Delivery Insights Market Positioning and Strategy Customer and Infrastructure Development Production Commitments RJ Scaringe’s discussion provided valuable insights into Rivian’s strategic direction, operational efficiencies, and market positioning as the company navigates the complexities of scaling production and expanding its global…

The EV market in the US has seen significant growth in the first quarter of 2024, with sales surging ahead for most automakers. According to the data provided by Cox Automotive and Bloomberg Green, excluding Tesla, EV sales rose by an impressive 13% compared to last year. Despite Tesla’s decline, the overall EV market in the US is growing robustly. This growth is driven by significant sales increases from other automakers like Ford, Hyundai/Kia, and Rivian. The diversification of EV…