Electric vehicle makers, advocates, and market analysts have been poring over the massive climate bill to understand what models might be eligible for up to $7,500 in tax credits at the time of purchase.
STORY: Shares of Rivian Automotive jumped on Friday, a day after the electric-vehicle maker reported better-than-expected second quarter revenue.Still, the young company also forecast a wider operating loss for the year and said many of its current models will not qualify for new federal tax incentives, after the U.S Senate passed an energy and climate bill that provides billions in funding for EV production.But CEO R.J.
In the second quarter, Rivian delivered nearly 4,500 vehicles, up from about 1,200 in the previous three months.U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles , as Congress prepares for final votes today on a bill that includes a top-to-bottom overhaul of Washington's clean vehicle policies.
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