Rivian Automotive Inc., which is subsidized by the State of Illinois, produced about half as many electric vehicles as Wall Street expected in the second quarter prior to the launch of 2026 model year vehicles later this month.
We don’t want to speed up production because the electric grid in this country can’t handle it.
mqyl
10 months ago
What’s the average, off-the-dealer-lot price for a new Rivian? I’m guessing it’s at least $70K. Many Americans can’t afford that, and many Americans that can choose not to buy one.
Another part of the equation is the rapidly-changing EV battery technology. In five years from now, when many EVs will use steady-state batteries, will your 2025 EV be able to be retrofitted? If so, how much will that cost? If not, how much loss in resale price will you suffer?
Where's Mine ???
10 months ago
Poor JB, all his clean energy/EV job creation “closing deal” job creation stuff sure just got it’s clock cleaned with BBB….how many $millions$ in taxpayer subsidies where just flushed away today?
Riverbender
10 months ago
Another of Pritzker’s taxpayer paid for schemes designed to create headlines for his planned Presidential run shows its true colors. It might have worked but things unfolded as they did for the Democrats. Now the Illinois people are having to face the real ramifications of Pritzker’s follies including the higher taxes resulting from it all.
The Railroader
10 months ago
Who is Rivian’s PR flack? Jon Lovitz?
Useless media type:
“We see you producing half of the units that were originally planned. What is driving this shortfall?”
Lovitz:
“Well…we are making trucks…yeah…and …we don’t…wan’t to flood the market with them. Yeah! That’s the ticket!”
Lion Electric on steroids. Another Illinois government success story brought to you by JB the Hutt, all paid for with your money.
Lurker
10 months ago
Leave it to IL Democrats to waste money on Rivian subsidies — trying to make EVs a thing when nobody wants them.
That any company is subsidized by the taxpayers of IL is beyond disgusting. Do the taxpayers get a price break on the vehicles that they helped finance? No. Do they get them for free? Hard no. They get a piddling tax credit which will evaporate as quickly as it materialized and will become a liability when the costs of recharging the batteries and the road tax the Marxists are drooling to institute kick in.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
We don’t want to speed up production because the electric grid in this country can’t handle it.
What’s the average, off-the-dealer-lot price for a new Rivian? I’m guessing it’s at least $70K. Many Americans can’t afford that, and many Americans that can choose not to buy one.
Another part of the equation is the rapidly-changing EV battery technology. In five years from now, when many EVs will use steady-state batteries, will your 2025 EV be able to be retrofitted? If so, how much will that cost? If not, how much loss in resale price will you suffer?
Poor JB, all his clean energy/EV job creation “closing deal” job creation stuff sure just got it’s clock cleaned with BBB….how many $millions$ in taxpayer subsidies where just flushed away today?
Another of Pritzker’s taxpayer paid for schemes designed to create headlines for his planned Presidential run shows its true colors. It might have worked but things unfolded as they did for the Democrats. Now the Illinois people are having to face the real ramifications of Pritzker’s follies including the higher taxes resulting from it all.
Who is Rivian’s PR flack? Jon Lovitz?
Useless media type:
“We see you producing half of the units that were originally planned. What is driving this shortfall?”
Lovitz:
“Well…we are making trucks…yeah…and …we don’t…wan’t to flood the market with them. Yeah! That’s the ticket!”
Lion Electric on steroids. Another Illinois government success story brought to you by JB the Hutt, all paid for with your money.
Leave it to IL Democrats to waste money on Rivian subsidies — trying to make EVs a thing when nobody wants them.
That any company is subsidized by the taxpayers of IL is beyond disgusting. Do the taxpayers get a price break on the vehicles that they helped finance? No. Do they get them for free? Hard no. They get a piddling tax credit which will evaporate as quickly as it materialized and will become a liability when the costs of recharging the batteries and the road tax the Marxists are drooling to institute kick in.