3 days ago
- Automotive
- Wall Street Journal
Rivian Says It Faces $100 Million Hole After Trump Relaxes Fuel Economy Rules
Electric truck maker Rivian RIVN -1.79%decrease; red down pointing triangle says the rollback of fuel economy rules in the U.S. is holding up $100 million of revenue, a sign of how changes to automotive policy under the Trump administration are starting to hurt the electric-vehicle industry.
Rivian and its rivals have generated hundreds of millions of dollars in revenue selling credits tied to the nation's fuel economy rules. But after the Trump administration removed penalties for violating those standards, the nation's top automotive regulator stopped issuing paperwork necessary to finalize those credits, leaving EV makers in the lurch.
