1140 ET - Rivian is on track for long-term growth, but it faces political uncertainty over the regulatory environment for EVs, Benchmark analyst Mickey Legg says in a research note. The Republican administration in power could repeal EV tax credits and other incentives, which would delay growth in the EV sector, the analyst says. Donald Trump has signed an executive order instructing agencies to stop distributing funds allocated for EV development and cancelling his predecessor's goal for 50% of new vehicle sales by 2030 to be EVs. (dean.seal@wsj.com)
(END) Dow Jones Newswires
February 21, 2025 11:40 ET (16:40 GMT)
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