EV Sales Update: Rivian Secures $1B from VW Amidst Struggles in the Market

In this abbreviated TechCrunch Mobility update, the state of electric vehicle (EV) sales and production is discussed in light of the second quarter’s end. Despite challenges, such as Tesla’s consecutive years of falling sales, Rivian has managed to secure another $1 billion from Volkswagen to help sustain its momentum in a competitive market. Meanwhile, automakers like Lucid continue their efforts to ramp up production, while the electric Hummer is approaching a milestone in sales, nearly outselling the Ford F-150 Lightning. However, the landscape is affected by political changes, particularly the recent legislation that eliminates EV tax credits and other clean energy incentives. This move is expected to have significant ramifications across the sector, including for companies still in the early stages of their EV production. In the world of electric RVs, Pebble and Grounded are starting customer deliveries, signaling growth in that niche. The article also touches on the rising cybersecurity threats targeting the transportation sector, including recent breaches involving airlines like Qantas.