Rivian CEO Downplays $7,500 EV Tax Credit Concerns: 'Not A Political Thing'

Rivian Automotive RIVN CEO RJ Scaringe is brushing off concerns that Donald Trump’s proposed elimination of the $7,500 EV federal tax credit could mark the end of electric vehicles.While Scaringe believes his company is positioned well for the future of EV growth, he warns that the end of the credits could be bad for legacy automakers.What Happened: Scaringe said policy changes to items like the federal tax credit could be "small speed bumps" for Rivian and the entire electric vehicle sector during the open ...