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Benzinga
Benzinga
Business
Chris Katje

This EV CEO Says There's A Potential Positive Of Federal Tax Credit Gone: 'Less Competition'

RJ Scaringe Rivian RIVN silver
Electric Vehicle EV

Rivian Automotive (NASDAQ:RIVN) was one of several automotive companies that reported strong deliveries in the third quarter, amid increased demand as the $7,500 EV tax credit expired. While the credit expiration could pressure EV demand in the short term, Rivian CEO RJ Scaringe sees one silver lining.

Rivian CEO on Federal Tax Credits

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