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Search results for: "Electric vehicle". 18 articles found.
Click for the latest from The Hill {beacon} Energy & Environment Energy & Environment The Big Story Biden gives $6.6B conditional loan to EV-maker The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle (EV) maker Rivian for a plant in Georgia. Rex Tokeshi-Torres, Courtesy of Edmunds...
Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused
President Joe Biden's administration announced Tuesday that the U.S. Department of Energy will make a $6.6 billion loan to Rivian Automotive to build a factory in Georgia that had stalled as the startup electric vehicle maker struggled to become profitable.
Variety of voices have questioned slow rollout of Biden administration priority of electric vehicle charging stations...
ABC News - 9 hours 32 sec agoPresident Joe Biden's administration will loan $6.6 billion to electric vehicle maker Rivian Automotive to build a Georgia factory...
The Department of Energy (DOE) is working to finalize a $6 billion loan to fund construction for an electric vehicle facility in Georgia.
Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant in Georgia.
Trump's new government efficiency maven said just this summer that all subsidies for electric vehicles should be cut...
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The Verge - 13 hours 45 sec agoImage: Hugo Herrera / The Verge You'd think Elon Musk, the CEO of Tesla and its wide-reaching Supercharger network, would already know about the workings of the federal National Electric Vehicle Infrastructure (NEVI) program that has dedicated $7.5 billion to building a national charging network. However, he needed Secretary of Transportation Pete Buttigieg to chime in on X yesterday to stop some Republican leaders from spreading misinformation about the program. "Please post the rebuttal...
The Biden administration has preliminarily said it would give a $6.6 billion loan to electric vehicle maker Rivian for a plant in Georgia. The administration said the loan would support the construction of a facility where Rivian will make up to 400,000 "mass-market" electric SUVs and crossovers. Specifically, it will support construction of Rivian's R2...
Engadget - 13 hours 59 min agoAmerican EV maker Rivian just announced that it has received a commitment from the US Department of Energy (DOE) for a loan totaling $6.6 billion. This is thanks to the DOE's Advanced Technology Vehicle Manufacturing (ATVM) Loan Program. This includes a principal loan of $6 billion and approximately $600 million of capitalized interest. The company says it will use this money to "to accelerate its growth and leadership of electric vehicle design, development and manufacturing in the United...
Trump previously vowed to end federal electric vehicle tax credits, which are worth up to $7,500 for new zero-emission vehicles.
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The Verge - 16 hours 1 min agoBrian Cassella/Chicago Tribune/Tribune News Service via Getty Images The US Department of Energy will loan Rivian $6.6 billion to build an electric vehicle factory in Georgia, as Democrats scramble to finalize their climate agenda before Donald Trump takes office. Rivian, lacking the funds to start the construction process, put its Georgia factory plans on hold earlier this year . The company has lost a significant amount of money since its public offering in November 2021, including $1.1 billion...
If President-elect Donald Trump makes good on his threat to kill federal tax credits for electric vehicle purchases, it's likely that fewer buyers will choose EVs.
Quartz - 16 hours 13 min agoCalifornia Gov. Gavin Newsom is ruffling a lot of feathers including Elon Musk's with his new proposal for electric vehicle incentives that would exclude Tesla's ( TSLA ) popular models. Read more...
The government faces pressure from the industry to make changes to electric vehicle sales quotas.
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