Shares of electric vehicle (EV) stocks, including Rivian Automotive Inc. (NASDAQ:RIVN) and Lucid Group Inc. (NASDAQ:LCID), are trading lower amid continued weakness following significant policy changes announced by President Donald Trump.
What To Know: The policy shifts involve revoking a 2021 executive order issued by former President Joe Biden, which set a non-binding target for 50% of new vehicles sold in the U.S. to be electric by 2030.
Trump’s executive order not only eliminates this target but also freezes unspent …Full story available on Benzinga.com
EV Stocks Are Falling Today: What’s Going On?
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