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Rivian to get a 68,023 BTC federal government loan to build its Georgia EV plantwww.wsbtv.com/news/local/atlanta/rivian-get-66-billion-loan-federal-government-build-georgia-ev-plant/SGOKSVE6EFBHBNL3PUJMAK5PSI/
187 sats \ 3 comments \ @BlokchainB 12h Construction_and_Engineering
USD/BTC = $96,988 Block 875,775
ATLANTA — The U.S. Department of Energy announced on Tuesday that Rivian is set to receive a nearly $6.6 billion loan to construct its Project Horizon manufacturing facility in Georgia.
The proposed loan would be a combined $5.975 billion of principal and $592 million in capital interest, according to a news release.
If approved, the loan will allow Rivian to finance the development and construction of the 2,000-acre plant near Social Circle, Ga. that would manufacture up to 400,000 vehicles.
US government picking winners and losers with its EV policy push. More proof the tech isn’t ready yet. 400k vehicles at what price? $50k to $60k a year. Did tax payers ask for this. Socialism for private companies is alive and well.
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82 sats \ 2 replies \ @Satosora 9h
Is the government doing this because they want to make a direct competitor to Tesla? Why not just let the chinese evs in? I have seen a few of these on the road, l think l might look at getting one of the smaller suvs in the future. I think it is an r3? It has a pleasing shape, if they build it like how it is shown. I dont find cars that pleasing to the eye anymore.
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20 sats \ 1 reply \ @BlokchainB OP 8h
I think they want to hit climate goals limits emissions from fossil fuels. China Is competition letting them flood the market with cheap EVs would crush America auto manufacturers.
The cars look nice still too expensive
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88 sats \ 0 replies \ @Satosora 6h
Right, they are spendy. I remember teslas goal was to make a 30k car. It never came out..
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