Market
Rivian's U.S. market position in EV sector by end of 2025?
2
Resolution / Starting Odds
Top 3 EV manufacturer in the U.S. • 25%
Ranked 4th to 6th in the U.S. • 25%
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Out of top 10 in the U.S. • 25%
Market analysis reports from reputable financial institutions
Story
Biden Administration to Finalize $6.6B for Rivian and $1.7B for Plug Power Before Trump Inauguration
Jan 16, 2025, 11:02 AM
The Biden administration is set to finalize substantial funding for electric vehicle manufacturers Rivian and Plug Power before President Trump's inauguration. The financing includes a federal loan for Rivian's Georgia EV plant, reportedly amounting to $6.6 billion, and a $1.7 billion loan for Plug Power to construct hydrogen plants. This decision is part of a broader initiative by the administration, which has allocated approximately $80 billion in loans over four years aimed at reindustrializing the U.S. economy. The announcement comes as the administration seeks to bolster the electric vehicle and hydrogen sectors in the final days of its term.
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