More Carmakers Are Betting On Extended-Range Evs

(MENAFN- Investor Brand Network) A growing number of electric vehicle companies are placing their bets on extended-range electric vehicles (EREVs) to address one of the main barriers to electric vehicle adoption: range anxiety. Due to the relative scarcity of public charging stations in the U.S., American EV owners have to plan long trips carefully and meticulously to avoid running out of power mid-trip.

It remains to be seen whether other American electric vehicle makers like Rivian Automotive Inc. (NASDAQ: RIVN) will also...

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