Rivian's CEO RJ Scaringe expressed confidence in the company’s trajectory despite potential challenges from U.S. President Trump's electric vehicle policies, including the repeal of the $7,500 tax credit. He highlighted that these changes would apply equally across all automakers, allowing Rivian to remain competitive regardless of government incentives. Scaringe underscored the importance of developing compelling products rather than relying on policy, and he cautioned legacy automakers against prioritizing short-term combustion engine profitability over the inevitable shift to electric vehicles in the future.
I don't think we're particularly worried about any of it because whatever happens will be equally applied to all.
We're really talking about U.S. leadership in the future of technology as it pertains to transportation.
The challenge with some of these short-term changes, for legacy automakers, could mean funding combustion engine development.
I started the company with the view of making highly compelling products and none of my decision to start Rivian had anything to do with what the policy was going to look like.
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