Rivian Automotive, Inc. (RIVN) saw its stock soar by 5.03% in Monday's trading session, riding the wave of a broader rally in electric vehicle (EV) stocks. The surge comes amid positive sentiment in the EV sector and potential policy changes that could benefit autonomous vehicle development.

The EV market witnessed a widespread uptick, with several companies experiencing significant gains. Faraday Future led the pack with a remarkable 22% increase, while other major players like NIO, VinFast Auto, Li Auto, and Lucid also saw their stocks rise. This collective momentum in the EV sector appears to have buoyed Rivian's performance.

A key factor potentially driving this rally is the Trump administration's recent announcement regarding self-driving vehicles. The administration aims to accelerate the deployment of autonomous vehicles by exempting some from certain safety requirements and easing rules for reporting safety incidents. This policy shift could have far-reaching implications for the EV industry, particularly for companies like Rivian that are at the forefront of automotive innovation.

While Rivian has not made any company-specific announcements, the overall positive sentiment in the EV market and the potential for more favorable regulations in the autonomous driving space seem to be contributing factors to its stock's impressive performance. Investors appear to be optimistic about the future of electric and self-driving vehicles, with Rivian well-positioned to capitalize on these emerging trends.