Rivian Stock: The EV Recovery Play to Watch
Electric cars have had a difficult run during the past few years. According to Cox Automotive, although 2024 was the best year ever for electric vehicle (EV) sales in the U.S. market, with 1.3 million EVs sold, the pace of sales growth has slowed and stagnated since 2023.
Federal government-backed EV sales tax incentives were removed in October 2025. This led total EV sales to plummet in the fourth quarter, down 46% compared to the third quarter and down 36% year over year. In 2025, electric vehicles had 7.8% market share of total U.S. vehicle sales, down from 8.1% in 2024.
Image source: Rivian.
Source Fool.com
