COVID-19 Puts The Kibosh On Lincoln/Rivian Mashup
Ford and Rivian have cancelled plans to jointly develop an electric SUV for the Lincoln brand because of changes in the marketplace caused by the coronavirus.
Ford and Rivian have cancelled plans to jointly develop an electric SUV for the Lincoln brand because of changes in the marketplace caused by the coronavirus.
When we asked thousands of electric vehicle (EV) owners in Europe the top reasons why they got their cars, we got similar responses as in previous years. The largest portion of buyers in every country referenced the environmental benefits.
EV owners we surveyed almost equally prefer a sedan/hatchback (car) or SUV/crossover for their next EV. The two options switched spots back and forth depending on the audience.
Additionally, in each of these countries, respondents mostly preferred a vehicle in the D-segment.
Tesla is parting was with contract workers at its Fremont and Nevada factories while Rivian and Lucid suspend their plans to begin production as the coronavirus continues to disrupt the economy.
Perhaps the most fascinating new question in this year’s Electric Car Drivers: Demands, Desires & Dreams reports concerned the electric vehicles people considered but didn’t buy. We asked EV owners which other electric vehicle models they thought about buying before deciding on the one they purchased or leased. I was surprised to see how much people actually cross-shopped across classes while considering which electric vehicle to buy.
Probably the most interesting question we asked in these surveys was one of the simplest: “What do you think your next EV model will be?” It is particularly interesting because it gives us a strong sense of where the market is headed, and combined with answers to some other questions (see the next chapter), it also tells us a bit about which features and specs matter the most to EV buyers.
It seems like e-Mobility has become the new tech market for all types of investors. Companies like Tesla, Rivian, Byton, Bird, Tier Mobility, Sono Motors, and ChargePoint are the new Facebooks of this era. Besides venture capitalists (VCs), many corporate venture entities of Fortune 500 companies stepped in last year.
In an epic win for automakers such as Tesla and Rivian, and electric vehicles as a whole, the Colorado Senate passed SB20-167. If the Colorado House also approves the bill, EV producers will be able to sell their products directly to consumers.
Rivian has joined the campaign to sell directly to customers without using franchise dealers. Another paradign is about to get shifted.
The Global e-Mobility Funding Report for the third quarter of 2019 showed a total of $2.7 billion raised by 45 electric vehicle (EV) companies across the world. This funding amount is even higher in reality since another 18 EV-related companies didn’t disclose any financial details.