In some states (quite a few) they offer an additional rebate. Some exempt sales tax (I think New Jersey?) either way just google “EV incentives ” and you’ll see. I think Colorado is most generous at 5k + 7.5k federal.

I mean EV sales are up 50% YoY. It’s not like you won’t be able to find gas cars next year, but they are growing quickly.

Growth is very attractive because rarely do stagnant companies become growth stocks and plenty of growth stocks keep growing and growing and growing. I thought Amazon would stop being “overpriced” for like 15 years now. Nope. Always trades at a generous multiple and (generally) keeps growing.

I’m personally not a huge fan of rivian as a stock but in general this market loves to give growth stocks a massive premium.

2035 is a long time from 2023. Sounds silly but worth repeating. Plug-in hybrids can be solve after that date with a huge battery I believe, but more like the i3 range extender than a regular hybrid. Good solution for towing I think.

Rivian was worth 32B for most of 2022, 16B currently. Ford is worth 41B currently. So buying Rivian would be pretty hard to do, given the usual market premium you need to offer.