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However, and perhaps as expected, he is bullish on the future of EVs, noting in a recent interview that the 90 to million vehicles sold each year will transition to electric in the next 10 to 20 years.

And while Rivian is very early in terms of its vehicles and launch, Scaringe said investors see and are valuing the company based on its future potential as well. What Rivian is capable of achieving has yet to be proven; investors, customers and industry observers will learn that soon enough. However, its future plans are certainly ambitious and extend far beyond the first two consumer vehicles — the R1T pickup truck and the R1S SUV — and its partnership with Amazon to produce , electric commercial delivery vans by Oil Visit Market Data Center.

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GM was interested in investing in Rivian, but its largest crosstown rival, Ford Motor, ending up investing in the EV start-up instead. Skip Navigation. Key Points. General Motors is so undervalued," Barra said without specifically naming Rivian.