{"id":83372,"date":"2025-08-29T11:17:58","date_gmt":"2025-08-29T15:17:58","guid":{"rendered":"https:\/\/autosector.com\/?p=83372"},"modified":"2025-08-29T11:17:58","modified_gmt":"2025-08-29T15:17:58","slug":"rivian-rj-scaringe-mortgage-future","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=83372","title":{"rendered":"&#8216;Mortgaging The Future&#8217;: Rivian&#8217;s CEO Says Delaying EVs Now Is A Costly Mistake"},"content":{"rendered":"<p>&#8220;Well, that didn&#8217;t take long.&#8221;\u00a0<\/p>\n<p>It&#8217;s something I find myself saying often these days as more and more automakers in the United States dial back their once-ambitious electric vehicle goals. Now that the Trump administration has prematurely <a href=\"https:\/\/insideevs.com\/news\/770339\/ev-leasing-july-record-hot-deals\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22770339%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22ev-leasing-july-record-hot-deals%22%7D\">ended the EV tax credits<\/a>, killed any sort of <a href=\"https:\/\/insideevs.com\/news\/766256\/trump-administration-fuel-economy-fines\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22766256%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22trump-administration-fuel-economy-fines%22%7D\">fuel economy rules<\/a> that were once driving more electrified vehicles and <a href=\"https:\/\/insideevs.com\/news\/762870\/california-trump-ev-mandate-cm\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22762870%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22california-trump-ev-mandate-cm%22%7D\">declared war on California&#8217;s ability to regulate pollution<\/a>, a burden on these car companies has been lifted.<\/p>\n<section class=\"widget-newsletter\" contenteditable=\"false\" draggable=\"true\" data-widget=\"widget-newsletter\" readability=\"-19.812080536913\">\n<\/section>\n<p>They no longer have to make the cars they didn&#8217;t want to make in the first place. You know, the ones they barely even marketed. And things like home EV chargers or public plugs? That was somebody else&#8217;s problem. Back to doing what they&#8217;ve always done: selling gas-powered trucks and SUVs.<\/p>\n<p>In recent months, we&#8217;ve seen Stellantis &#8220;<a href=\"https:\/\/www.motor1.com\/news\/767914\/dodge-ceo-hints-at-v-8-return-for-charger\/\" target=\"_blank\" rel=\"noopener\">flex hard into ICE production<\/a>,&#8221; Nissan <a href=\"https:\/\/autos.yahoo.com\/articles\/nissan-delays-launch-2-u-182140796.html\" target=\"_blank\" rel=\"noopener\">delay new U.S.-made EVs<\/a>\u00a0and <a href=\"https:\/\/www.theverge.com\/news\/670226\/honda-takes-the-ev-out\" target=\"_blank\" rel=\"noopener\">Honda slash its electrification investments<\/a>, just to give a few examples. Every week, more hits keep coming as automakers blame &#8220;consumer demand&#8221;\u2014when in reality, <a href=\"https:\/\/insideevs.com\/news\/769491\/rivian-ceo-ev-choices-tesla\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22769491%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22rivian-ceo-ev-choices-tesla%22%7D\">their products just weren&#8217;t that good<\/a>.<\/p>\n<p>But over at Rivian, CEO and founder RJ Scaringe\u2014who&#8217;s had tough words for the legacy automakers before\u2014says he&#8217;s confident that the car companies that hit the brakes or even reverse on EV technology will pay for this decision later.\u00a0<\/p>\n<p>&#8220;If you&#8217;re a legacy manufacturer, I think a lot of them would, if they&#8217;re really being honest with themselves, would like the good old days of we can sell&#8230; V8 [cars], and that&#8217;s a nice, profitable business,&#8221; Scaringe said <a href=\"https:\/\/insideevs.com\/features\/769498\/rivian-ceo-r2-evs-interview\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22769498%22%2C%22section%22%3A%223%22%2C%22alias%22%3A%22rivian-ceo-r2-evs-interview%22%7D\">on last week&#8217;s InsideEVs Plugged-In Podcast<\/a>.\u00a0<\/p>\n<p>At least, it has been in years past and could be right now, Scaringe said. But what about tomorrow?<\/p>\n<p>&#8220;You&#8217;re absolutely, undoubtedly, not up for debate, mortgaging the future of the business to pay for today,&#8221; Scaringe said. &#8220;The\u00a0companies demonstrating the most leadership are willing to make the investments today, sacrifice short-term gains, to protect the long-term future.&#8221;<\/p>\n<section contenteditable=\"false\" draggable=\"true\" data-widget=\"video\">\n<div class=\"video-wrapper\"><img decoding=\"async\" class=\"sizer\" draggable=\"false\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAABAAAAAJCAYAAAA7KqwyAAAAGXRFWHRTb2Z0d2FyZQBBZG9iZSBJbWFnZVJlYWR5ccllPAAAABpJREFUeNpi\/P\/\/PwMlgImBQjBqwLAwACDAAOVfAw9\/ZDvcAAAAAElFTkSuQmCC\" alt=\"\"\/> <\/p>\n<p><iframe allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen=\"\" frameborder=\"0\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/-u94GAmyWWg?si=RrTwPkFZ3e1U0tMK\" title=\"YouTube video player\" width=\"560\" loading=\"lazy\">[embedded content]<\/iframe><\/p>\n<\/p><\/div>\n<\/section>\n<p>It won&#8217;t surprise anyone that Scaringe is convinced that the future of transportation has one pathway, and it&#8217;s fully electric. Part of this is due to the inherently finite nature of fossil fuels, he said.<\/p>\n<p>&#8220;Imagine the history books 1,000 years from now,&#8221; he said. &#8220;It&#8217;s going to be this really short blip where we talk about how we industrialized the world&#8230; and we did it on the back of fossil fuels.\u00a0We exhausted about half of it in a 100-year period, but then ultimately transitioned off.&#8221;\u00a0<\/p>\n<p>But no automaker CEO is judged by how well they handle this transition right now, he said. They are in an entrenched, capital-intensive industry that almost never sees major disruption, he said. So doing things differently is tough\u2014especially when top executives are primarily on the hook for profitable results every quarter.<\/p>\n<p>&#8220;The\u00a0timelines to develop these products are very long, and two product cycles are essentially the length of tenure for a CEO,&#8221; Scaringe said. &#8220;So it&#8217;s very hard. If you&#8217;re a CEO of a big car company today, the decisions you make today are really what you&#8217;re going to be experiencing in 2035, and you probably won&#8217;t be there in 2035.&#8221;\u00a0<\/p>\n<p>Put more simply: Scaringe is saying it&#8217;s easier to do the known, stable, profitable gas cars you&#8217;ve always made right now, and let somebody else figure out whatever future is coming.\u00a0<\/p>\n<section data-is-mosaic=\"0\" contenteditable=\"false\" draggable=\"true\" data-widget=\"image\" data-border=\"\" data-id=\"7676286\">\n        <span class=\"svg-search\"><br \/>\n            <svg>\n                <use xlink:href=\"https:\/\/insideevs.com\/design\/dist\/critical\/icons\/sprite-common-0-1de6c82323269ad4e75a31f5f21e741f.svg#semidir\"\/>\n            <\/svg><br \/>\n        <\/span>\n    <picture><source type=\"image\/webp\" srcset=\"&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s5\/06_rivian_r2.webp 213w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s6\/06_rivian_r2.webp 445w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s4\/06_rivian_r2.webp 889w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s3\/06_rivian_r2.webp 1280w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s2\/06_rivian_r2.webp 1440w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s1\/06_rivian_r2.webp 1920w&#10;        \" sizes=\"(max-width: 767px) calc(100vw - 24px), (max-width: 1023px) calc(100vw - 48px), 644px\"><source type=\"image\/jpeg\" srcset=\"&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s5\/06_rivian_r2.jpg 213w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s6\/06_rivian_r2.jpg 445w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s4\/06_rivian_r2.jpg 889w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s3\/06_rivian_r2.jpg 1280w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s2\/06_rivian_r2.jpg 1440w,&#10;            https:\/\/cdn.motor1.com\/images\/mgl\/3WnQe1\/s1\/06_rivian_r2.jpg 1920w&#10;        \" sizes=\"(max-width: 767px) calc(100vw - 24px), (max-width: 1023px) calc(100vw - 48px), 644px\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.motor1.com\/images\/static\/16x9-tr.png\" alt=\"06_Rivian_R2\" width=\"16\" height=\"9\" loading=\"lazy\"\/><br \/>\n    <\/source><\/source><\/picture>\n<\/section>\n<p>Scaringe also expressed frustration at the automakers <a href=\"https:\/\/insideevs.com\/news\/714024\/toyota-lobbying-critical-materials\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22714024%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22toyota-lobbying-critical-materials%22%7D\">who claim to be working toward a cleaner future<\/a>, but <a href=\"https:\/\/insideevs.com\/news\/760002\/gm-ev-california-mandate-cm\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22760002%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22gm-ev-california-mandate-cm%22%7D\">lobby against it behind the scenes<\/a>.<\/p>\n<p>&#8220;If I sit here and I say, &#8216;We&#8217;re pro-EV,&#8217; and then my next meeting is [about how] I&#8217;m going to go try to put policy in place that makes that harder&#8230; It&#8217;s not the kind of thing you want your kids to be doing,&#8221; he said. &#8220;And I generally think that&#8217;s a good metric to look at behavior. If you don&#8217;t want your kids to do it, you&#8217;re probably not doing the right thing.&#8221;<\/p>\n<p>In theory, if the U.S. pulls policy support for EVs, that all could work out in some automakers&#8217; favor. But it&#8217;s not how technology works. Barring the occasional weirdo exception like laserdisc, a superior technology always wins out; record players gave way to CDs, which gave way to streaming platforms, just as smartphones replaced Nokia&#8217;s flip phones. The auto industry itself has always chased efficiency and performance, and EVs represent the apex of both.\u00a0<\/p>\n<p>Plus, more than any newcomer like Rivian or Tesla, the established automakers face intense electrified and software-driven competition from China. Backing off on EVs to focus on gas cars <a href=\"https:\/\/www.cnbc.com\/2025\/08\/28\/tesla-europe-sales-plunge-40percent-chinese-ev-rival-byd-up-225percent.html\" target=\"_blank\" rel=\"noopener\">is nice and cute until BYD shows up in your backyard<\/a>.<\/p>\n<p>That goes for autonomous vehicles, too, <a href=\"https:\/\/insideevs.com\/news\/770165\/stellantis-cancels-level-3-adas-plans\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22770165%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22stellantis-cancels-level-3-adas-plans%22%7D\">another area that Stellantis is walking back<\/a>. &#8220;This is our biggest effort within the business on technology,&#8221; Scaringe said of Rivian&#8217;s <a href=\"https:\/\/insideevs.com\/news\/769833\/rivian-hands-free-driving-2026\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22769833%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22rivian-hands-free-driving-2026%22%7D\">upcoming hands-free assisted driving systems<\/a>. &#8220;Electric vehicles are the platform by which you reset your network architecture, your software stack,&#8221; and autonomous systems, he said. &#8220;It all dovetails together.&#8221;<\/p>\n<p>Now, let&#8217;s play devil&#8217;s advocate here. It&#8217;s one thing for Scaringe to say this, as the founder of a startup whose personal legacy is probably more tied to his business than the CEO-du-jour at some old-school car\u00a0automaker. And plenty of critics might dismiss Scaringe out of hand for lecturing them about succeeding in a business where he&#8217;s never made real profits.\u00a0<\/p>\n<p>But when you look at trends like how EV owners don&#8217;t go back to gas-powered cars, or how <a href=\"https:\/\/insideevs.com\/news\/761921\/vw-rivian-r2-underpin-tech\/\" data-inline-widget=\"internal-links\" data-type-id=\"0\" data-params=\"%7B%22article_edition_id%22%3A%22761921%22%2C%22section%22%3A%221%22%2C%22alias%22%3A%22vw-rivian-r2-underpin-tech%22%7D\">even a titan like the Volkswagen Group needs Rivian&#8217;s help<\/a> to develop the vehicles of tomorrow, it&#8217;s not hard to see where things are going.\u00a0<\/p>\n<p><em>Contact the author: <a href=\"mailto:patrick.george@insideevs.com\" target=\"_blank\" rel=\"noopener\">patrick.george@insideevs.com<\/a><\/em><\/p>\n<section class=\"relatedContent-new\" contenteditable=\"false\" draggable=\"true\" data-widget=\"related-content\" data-widget-size=\"content\" data-params=\"%7B%22type_id%22%3A0%2C%22title_id%22%3A%22%22%2C%22items%22%3A%5B%7B%22article_edition_id%22%3A%22769602%22%2C%22title%22%3A%22Where%20Rivian%E2%80%99s%20CEO%20Sees%20EV%20Batteries%20Going%20Next%22%2C%22alias%22%3A%22rivian-ceo-ev-battery-lfp%22%2C%22section%22%3A%221%22%2C%22is_video%22%3A%220%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2FG3exmA%2Fs5%2Frivian-ceo-rj-scaringe-on-batteries.jpg%22%7D%7D%2C%7B%22article_edition_id%22%3A%22769584%22%2C%22title%22%3A%22Rivian%20R2%20Truck%20Could%20Happen%3A%20'It%20Doesn't%20Take%20A%20Huge%20Amount%20Of%20Imagination%2C'%20CEO%20Says%22%2C%22alias%22%3A%22rivian-r2-truck-rj-scaringe%22%2C%22section%22%3A%221%22%2C%22is_video%22%3A%220%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2F9mermG%2Fs5%2F2026-rivian-r1t-r1s-quad-drive.jpg%22%7D%7D%2C%7B%22article_edition_id%22%3A%22769498%22%2C%22title%22%3A%22Rivian%20CEO%20RJ%20Scaringe%20On%20Why%20The%20R2%20Launch%20'Must%20Go%20Well'%22%2C%22alias%22%3A%22rivian-ceo-r2-evs-interview%22%2C%22section%22%3A%223%22%2C%22is_video%22%3A%221%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2FXBqxA6%2Fs5%2Frivian-ceo-r.j.-scaringe-podcast-interview-thumbnail.jpg%22%7D%7D%2C%7B%22article_edition_id%22%3A%22769491%22%2C%22title%22%3A%22%E2%80%98Under%20Five%20Great%20Choices%E2%80%99%3A%20Rivian%20CEO%20On%20What%E2%80%99s%20Holding%20Back%20EVs%20In%20The%20U.S.%22%2C%22alias%22%3A%22rivian-ceo-ev-choices-tesla%22%2C%22section%22%3A%221%22%2C%22is_video%22%3A%220%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2FrKqMRr%2Fs5%2Frivian-founder-and-ceo-r.j.-scaringe.jpg%22%7D%7D%2C%7B%22article_edition_id%22%3A%22769544%22%2C%22title%22%3A%22Rivian%E2%80%99s%20R1S%20And%20R1T%20Don%E2%80%99t%20Have%20CarPlay.%20This%20%24400%20Device%20Fixes%20That%22%2C%22alias%22%3A%22rivian-r1s-r1t-carplay-ev-play-device%22%2C%22section%22%3A%221%22%2C%22is_video%22%3A%220%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2FxqA7Vq%2Fs5%2Frivian-r1t-and-apple-carplay-on-ev-play-device.jpg%22%7D%7D%2C%7B%22article_edition_id%22%3A%22768741%22%2C%22title%22%3A%22This%20Rivian%20R1S%20Is%20One%20Of%20A%20Kind%22%2C%22alias%22%3A%22rivian-r1s-pebble-beach-unique%22%2C%22section%22%3A%221%22%2C%22is_video%22%3A%220%22%2C%22images%22%3A%7B%22s5%22%3A%22https%3A%2F%2Fcdn.motor1.com%2Fimages%2Fmgl%2Fko4NVx%2Fs5%2F2026-rivian-r1s-quad-pebble-beach.jpg%22%7D%7D%5D%7D\">   <\/section>\n<p>                                                                        <!-- new gallery place, attached gallery --><\/p>\n<div class=\"group isBottomShare mb-spacing-md-lg\">\n<p>\n                                    Share this Story                                <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Well, that didn&#8217;t take long.&#8221;\u00a0 It&#8217;s something I find myself saying often these days as more and more automakers in the United States dial back their once-ambitious electric vehicle goals. Now that the Trump administration has prematurely ended the EV tax credits, killed any sort of fuel economy rules that were once driving more electrified [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8313,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/83372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=83372"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/83372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/8313"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=83372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=83372"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=83372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}