The electric vehicle (EV) boom of 2020 and 2021 saw valuations skyrocket as investors rushed to bet on the future of transportation. Companies like Rivian (RIVN) and Lucid Group (LCID) were seen as prominent contenders in the race towards e-mobility. Fast forward to 2024, and the narrative has shifted dramatically. EV demand has failed to meet lofty expectations, with adoption being much slower than expected amid inadequate charging infrastructure and high price points. Adding to the uncertainty, Trump’s vi ...