At the same time, the seller expressed his concerns about possible changes in state policy expressed by Trump according to the electric vehicle industry. Rivian representatives did not specify how these changes could affect the results, but the possible abolition of tax advantages for the home industry and the return of the loan for the construction of the facility in Georgia.
The company said that it is confident in cooperation with the new administration and creating 7500 business in Georgia. The manufacturer also foresees the loss of “hundreds of millions of dollars” associated with the expansion of the work and the introduction of new models.
Previously, Rivian was at the center of the attention of Biden administration in the light of competition with the rapidly growing industrial house.
Source: Ferra
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