Rivian's $6.6 Billion Federal Loan for Georgia EV Plant Faces Uncertainty

The Trump administration's review of loans secured under Biden puts Rivian's ambitious manufacturing project and thousands of jobs at risk.

Rivian's $6.6 billion federal loan, secured during the final days of the Biden administration, is under review by the Trump administration, raising questions about its future.
The loan is critical for Rivian's planned EV manufacturing plant in Georgia, which aims to produce next-generation R2 and R3 vehicles at a more affordable price point.
The facility is expected to create 7,500 permanent jobs and 2,000 construction positions, with production scheduled to start by the end of 2028 if funding remains intact.
Georgia Governor Brian Kemp expressed uncertainty about the loan's status but emphasized protecting taxpayer interests while supporting Rivian's project.
Rivian remains committed to the project, continuing construction hiring and planning, though the loan's suspension could benefit Tesla, its top rival, as EV market competition intensifies.