The Biden administration's final days see a rush in climate investments, culminating in a substantial $6 billion loan to Rivian for its Georgia factory.
Rivian's plans for its Georgia factory were stalled last year due to uneven EV demand, but the new loan aims to revitalize its production efforts.
Despite achieving record EV sales in 2024, Rivian must address supply chain challenges and needs to expand its offerings with more affordable models.
As Rivian's current high-end models exceed $70,000, the automaker's long-term survival hinges on producing cost-effective vehicles for a broader market.
Collection
[
|
...
]