Rivian Mad Senate climate bill excludes their $80,000 electric trucks

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Rivian not happy about New Senate Climate Package For one big reason: Their trucks are expensive to qualify for $7,500 electric vehicle tax credit. and for this, Rivian He says the new bill will actually hurt the company and put it at a competitive disadvantage, according to Car News.

James Chen, Rivian’s vice president of public policy, said a climate bill struck between Senate Majority Leader Chuck Schumer and Democratic Senator from West Virginia Joe Manchin would unfairly benefit rivals like Tesla and General Motors. Chen says these companies have more time to ramp up production or do some manufacturing overseas, so the manufacturing costs are lower. This means that they can sell cars at a lower price.

The way the new invoice is currently generated eliminates the existing EV credit structure (the first 200,000 vehicles produced are eligible for the $7,500 credit regardless of price). Instead, the new bill would scrap the 200,000-unit cap. Instead, the incentives will only apply to vehicles that cost less than $80,000 and to customers who make no more than $150,000 a year ($300,000 for couples).

A quick peek at the Rivian’s website reveals that you’ll be hard-pressed to find a car they sell for under $80,000. Certainly, the R1S And the R1T They both start under a sign, but not too much. Add two options and you we will Exceeded $80,000 on any of the excavators.

While Rivian lauds the intent of the pending bill, “As currently drafted, this legislation will pull the rug out from consumers considering purchasing an American-made electric vehicle,” said Chen, whose company employs nearly 6,000 workers at an assembly plant in the middle of the state. natural. Although the company announced last week that it would lay off 50 non-manufacturing workers at the plant, Rivian still plans to hire more manufacturing this year at Normal.

“The final package should extend the transition period to provide consumer choice and protect well-paying manufacturing jobs here at home,” he added.

Chen also says the company doesn’t even plan to offer a lower-priced car until 2025.

Rivian has reportedly been in touch with Senate leadership and senators from states in which it has interests – such as Illinois, Michigan, California and Georgia – to see if the bill could be amended to allow startups like Rivian to use the old rules.

As Livia Soprano said, “You poor thing.”

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