Rivian CEO warns automakers risk falling behind by neglecting EV investments
RJ Scaringe, CEO of Amazon-backed Rivian, warned that automakers prioritizing fossil fuel vehicles risk falling behind in technology by the end of the decade. He highlighted that many companies are focused on immediate profits, neglecting necessary investments in electric vehicle development. Rivian, which recently started delivering its R2 SUV, aims to increase EV adoption in the competitive market.
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Summary by OZbrief Editorial · The Guardian Australia – Business · Source
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Published 26 Jun 2026, 14:00 UTC · Updated 26 Jun 2026, 14:10 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia – Business. Editorial policy · Corrections
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