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Energy and Environment

Rivian awarded $6.6 billion DOE loan to build EV facility in Georgia

By Maydeen Merino
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Electric vehicle manufacturer Rivian will receive nearly $6.6 billion from the Biden administration to construct a factory in Georgia as part of the White House’s agenda to expand the EV industry.

The Energy Department’s Loan Program Office announced Tuesday that Rivian will receive a direct loan of up to $6.57 billion to finance the development and construction of Project Horizon, an EV manufacturing facility in Stanton Springs North, Georgia.

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Biden Administration Electric Vehicles Energy Georgia Washington D.C.