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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.