ATLANTA — Rivian may be getting lots of tax incentives from state and local leaders in Georgia to build a massive new factory, but the company's leaders are feeling snubbed by Congress.
The U.S. Senate recently reached an agreement to reform federal electric vehicle tax credits, expanding the program overall while placing new caps on vehicle price. But the high price point of Rivian's vehicles leaves them on the outside and at a competitive disadvantage, vice president of public policy James Chen confirmed this week to media outlets, including The Atlanta Journal-Constitution.
"Nearly all of our vehicles would be ineligible for incentives," Chen told Automotive News, a Detroit-based newspaper.
