Staff Reports
Rivian, another darling of the electric vehicle craze, is staring down a massive $100 million pitfall. Why, you ask? Because of those government rules changing again—something the left loves to do with our money. The shift in fuel economy standards pushed by past administrations is leaving these electric car makers scrambling. The result? A colossal mess, with Rivian as the latest victim.
Thanks to the so-called incentives cooked up by the previous president, millions of taxpayer dollars were thrown at electric cars that Americans aren’t even buying. The promises of a revamped green world and future job creation were pie in the sky. While D.C. was busy crafting tax credits and removing fines so automakers wouldn’t suffer, they forgot about one big thing: the customer’s choice. People don’t want their hands forced into buying pricey cars with strings attached.
What's New to The Street…
Rivian Warns of $100M Hit Amid Fuel Economy Rule Change 🚙⚡
Rivian says it faces a $100 million shortfall after NHTSA paused issuing paperwork for credits while reassessing fuel-economy standards, creating new challenges for the EV maker. 📉… pic.twitter.com/uQycLFRcmK
— New to The Street (@NewToTheStreet) August 16, 2025
The grand vision was to have most cars on the road be electric by the next decade. Ambitious, sure. Realistic? Hardly. The mandate was scrapped, leaving states like Michigan grappling to even get close to their goals. Yet, places like California are patting themselves on the back for hitting numbers staggeringly out of reach for most other states.
Let’s talk about what’s holding electric vehicles back: higher costs, lack of charging stations, and constant fear that your car will run out of juice halfway through your trip. The Biden administration threw billions at Rivian just to keep them afloat and continue the hypocrisy of preaching climate change while ignoring practical solutions. The sweetheart loan deal doesn’t hide the glaring fact that Rivian loses a fortune on every vehicle sold. But hey, let’s just keep spending taxpayer dollars, right?
And while they’re at it, they argue that the number of public charging stations has doubled. Doubled from what, exactly? This is not progress. It’s a façade, hiding a deeper financial failure of these aggressive green initiatives. Meanwhile, every hardworking American who chooses a different vehicle option feels the squeeze of these policies.
Here’s a thought: instead of following this blind race to an electric utopia, how about listening to what Americans want and need? Electric vehicles may be part of the future, but forcing them upon people with bureaucratic band-aids isn’t going to cut it. Why can’t liberal leaders understand that innovation and market demand, not mandates and taxpayer-funded handouts, should drive our vehicle choices?
