Rivian Automotive has applied for a loan pursuant to the Department of Energy’s Advanced Technology Vehicle Manufacturing Program, which was created by the Energy Independence and Security Act of 2007 to provide incentives for projects that retrofit, expand, or create manufacturing facilities in the United States for advanced-technology vehicles or qualifying components, documents from the Energy Department show. Rivian is proposing to build a new electric vehicle original equipment manufacturing facility and ancillary infrastructure for automotive applications. Financially supporting the project will help Rivian bring 400,000 electric vehicles to market and into greater use, thereby reducing overall national emissions of air pollutants, the documents read.
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