Rivian Says Senate Climate Deal Puts It at Disadvantage

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Electrical-vehicle startup Rivian Automotive Inc. is warning that deliberate revisions to the EV tax credit score would put the younger automobile maker at a drawback to more-established rivals.

The proposed modifications to the federal tax subsidy, which has been in place for years as a approach to make EVs extra reasonably priced, are a part of a broader legislative bundle deal between Sen. Joe Manchin (D., W.Va.) and Senate Majority Chief Chuck Schumer (D., N.Y.) to chop carbon emissions and healthcare prices.

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