DAILY ROUNDUP | OCT 22 | EVs -30%, GM $888M V8 Bet, VW 80% Battery Cap, Rivian +130%
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The electric vehicle market is contracting, buyers are demanding premium technology at budget prices, and automakers are making billion-dollar decisions to protect profitability. Meanwhile, software-controlled safety recalls are changing what it means to own a vehicle.
Today's episode breaks down a 30% decline in U.S. EV sales over a tracked nine-month period, Rivian's commercial van sales jumping 130%, GM investing $888 million in new V8 engines while ending its Honda hydrogen…
The skinny
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