RJ Scaringe, the CEO of Rivian, a company that makes electric cars, said that not many electric cars are available for people who want to spend less than $50,000. He said that most electric cars that cost less than $50,000 are copies of a popular car called the Tesla Model Y. He thinks that having more options for electric cars at different prices would be good for everyone. Rivian is making a new electric car called the R2 that will cost less than $50,000 and will look different from the Tesla Model Y. Read from source...

- Rivian CEO RJ Scaringe criticizes Tesla's rivals for replicating Model Y's design and lack of choice in the EV market for vehicles priced under $50,000
- Scaringe argues that the slowdown in EV sales is due to the "truly extreme" lack of choice for customers looking for cheaper electric vehicles
- Rivian is working on a smaller, cheaper R2 SUV priced under $50,000, which will compete directly with the Model Y but will have a different design

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