Rivian released a new environmental impact report. They plan to build electric vehicles that are even less polluting than their current ones by 2030. To achieve this, Rivian will increase the use of recycled materials in its vehicles and increase the use of renewable energy in its facilities and charging network. The company has plans to reveal its next-generation vehicles this year and aims to support the creation of renewable energy projects. Rivian also plans to increase the number of underrepresented groups in its leadership by 50% by 2028. Despite these goals, Rivian is struggling to establish itself as a serious contender in the automotive space, with fewer vehicle deliveries during the fourth quarter of 2023. Rivian’s share price has dipped as a result.
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