Biden administration closes on over $6.5 billion loan to EV-maker Rivian
Electric Vehicles,Joe Biden,Department Of Energy
From the Center
AllSides Media Bias Rating: Center
The Biden administration closed on a more than $6.5 billion loan to electric vehicle manufacturer Rivian. The move comes after some questioned whether the deal announced on Tuesday, Jan. 14, could get done before the Trump administration takes over.
The closure on Thursday, Jan. 16, comes just days before President-elect Donald Trump, who has vowed to scale back on climate-related spending, is inaugurated on Monday, Jan. 20.
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