Amazon’s favorite electric vehicle company is going public at a very tricky time

Late last week, Rivian filed for an initial public offering. The 12-year-old electric vehicle manufacturer, which is backed by Amazon and considered one of the biggest threats to Tesla, is seeking a valuation as high as $80 billion…

But as the world continues to struggle with the pandemic, Rivian faces some serious challenges. A shortage of semiconductors has caused delays and production halts across the auto industry. There also aren’t that many charging stations available across the US, leaving some potential EV buyers worried about running out of juice.

“It’s a big deal that more public infrastructure is available,” Jeremy Michalek, an engineering and public policy professor at Carnegie Mellon, told Recode.” Probably the first priority is making sure there are enough fast chargers available on highway rest stops so that you can take your vehicle wherever you want to go.”