Biden Races to Finalize Rivian Loan Before Trump Takes Power
In a race to the finish line, the Biden administration is hustling to secure federal financing for Rivian before Trump takes office next week. According to Bloomberg, the Department of Energy is expected to finalize a major loan of up to $6.6 billion to help fund Rivian’s new manufacturing plant in Georgia, a key part of the company’s growth strategy. The timing couldn’t be more crucial. Trump’s incoming administration has made it clear that it plans to reevaluate last-minute green…