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Trump team puts EV tax credit on block, Tesla is on board
Rivian, Tesla Slide on Report Trump Plans to Nix EV Tax Credit
Shares of US automakers fell after Reuters reported President-elect Donald Trump plans to eliminate the $7,500 consumer tax credit for electric-vehicle purchases.
EV makers slide on report Trump wants to scrap EV tax credit
Trump's transition team is looking to do away with the $7,500 tax credit for EV sales as part of broader tax reform legislation, Reuters reported.
Trump team puts EV tax credit on the block, Tesla is on board: Report
The clean vehicle tax credit was overhauled as part of President Joe Biden's signature climate legislation. Until then, the size of a plug-in vehicle's tax credit was based on its battery capacity, with a credit of up to $7,
Trump Plans to Kill EV Tax Credit, Reuters Reports
Shares of electric vehicle startup Rivian extended their losses to over 10% Thursday on a Reuters report that President-elect Donald Trump's transition team plans to kill the $7,500 consumer tax credit for EV purchases.
Volkswagen Boosts Bet on Rivian's EV Tech
VW And Rivian Team Up To Develop EV Tech for 2027 Launch
Volkswagen originally promised a $5 bn deal to collaborate on software and architecture, but announced it was upping its stake this week
VW launches $5.8bn tie-up with Tesla rival Rivian
The firms will share EV technology as they face slowing demand and competition from Chinese rivals.
Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million
Volkswagen AG and Rivian Automotive Inc. named leaders for their multibillion-dollar joint venture and showcased a prototype electric vehicle, signaling their commitment even as global EV demand softens and the incoming Trump administration threatens to curtail supportive policies.
Hosted on MSN
47m
Tesla and Rivian shares were having a good week. Concerns over the future of EV tax credits ended that.
Rivian
Automotive Inc. shares dropped 12% on Thursday, their worst day in months, on heightened concerns the Trump ...
3h
Why Rivian Stock Dropped Thursday
Rivian Automotive ( RIVN -5.45%) stock is hitting the brakes today after it spiked nearly 14% yesterday. That jump came after ...
1d
on MSN
Rivian Stock Jumps. The EV Maker Is Getting More Cash From Volkswagen.
The EV company and VW agreed to a partnership in June that could provide Rivian with around $5 billion in capital in the ...
1h
Rivian-Volkswagen Deal Strengthens Finances, Yet EV Market Risks Remain: Goldman Sachs
Goldman Sachs analyst maintains Neutral rating for Rivian with raised price target. Rivian and Volkswagen confirm joint ...
autoevolution
4h
Rivian Achieved in Three Months What Volkswagen Couldn't Do in Years of Spending Billions
Rivian
and Volkswagen announced their joint venture, but the bigger
news
is how the
EV
startup convinced the legacy ...
The Business Journals
1d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian
is teaming up with Volkswagen in a $5.8 billion joint venture for
EV
innovation on its R2 model, which the company ...
Electrek
1d
Rivian (RIVN) and Volkswagen officially launch their new EV business partnership
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
6d
on MSN
Rivian’s losses widen, but investors like hearing of ‘progress’ in next-gen EV
Rivian
Automotive Inc. on Thursday posted a larger-than-expected quarterly loss and revenue that were below expectations, ...
GM Authority
1d
Rivian And Volkswagen Group Confirm EV Joint Venture
By leveraging
Rivian
’s electric vehicle software expertise and Volkswagen’s extensive experience in vehicle platforms and ...
1d
on MSN
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW increased its planned investment for a joint venture with EV startup Rivian to $5.8 billion as the companies have broader ...
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