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clean energy sectorFortune
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73% Informative
Donald Trump's designated government efficiency co-czar, Vivek Ramaswamy , signaled his intention to scrutinize a loan granted by the Biden administration to EV manufacturer Rivian .
The loan would go to financing the construction of Rivian 's second factory, where it is expected to eventually build the R2 family of mid-size Rivians , positioned below the electric R1 T pickup truck and R1S sport utility vehicle.
The Wall Street Journal editorial board criticizes the $6.6 billion loan to Rivian in exchange for access to its software.
The WSJ says the loan was given to the company before the incoming president took office.
The solution is to clean up a Biden portfolio of corporate-welfare loans handed out for political reasons.
VR Score
73
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69
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24
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formal
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English
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59
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Attention-grabbing headline
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