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Rivian downsizes new EV factory after Trump’s DOE slashes loan agreement

The change comes as a result of a smaller loan — $4.5 billion, instead of $6.6 billion — from the De...

BUSINESS NEWS April 30, 2026

Rivian downsizes new EV factory after Trump’s DOE slashes loan agreement

The change comes as a result of a smaller loan — $4.5 billion, instead of $6.6 billion — from the Department of Energy.

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The change comes as a result of a smaller loan — $4.5 billion, instead of $6.6 billion — from the Department of Energy.

Author: The Verge

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