Rivian inches closer to profitability but warns ‘changes to government policies’ could hurt

Quick Summary:

Rivian’s cost–cutting measures have gotten it a lot closer to profitability, but the company is warning that 2025 could still be a challenging year – especially because of the whorl of uncertainty caused by the new Trump Administration.

Rivian didn’t specify what those changes might be, but Trump said on the campaign trail that he was inclined to find a way to kill the $7,500 federal EV tax credit.

The company announced Thursday its fourth quarter and full-year 2024 financial results, and along with it, shared plans to deliver between 46,000 and 51,000 EVs across 2025.

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Article Details

Author / Journalist: Sean O'Kane, Kirsten Korosec

Category: Technology

Markets: United StatesGeorgia

Topics: Electric vehicles Rivian EVs Transportation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 21:28:25 (1 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 590 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 26306256

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