Biden climate czar quietly met with flailing EV company dependent on taxpayer handouts

  • 📰 FoxNews
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 87%

Business News News

Business Business Latest News,Business Business Headlines

President Biden's clean energy czar, John Podesta, who oversees billions worth of green energy loans and grants, quietly met with the head of Rivian, a struggling electric vehicle maker.

John Podesta, President Biden's clean energy czar, quietly assembled with the head of an electric vehicle company that relies heavily on taxpayer handouts and has floundered financially since its inception, White House visitor logs reviewed by Fox News Digital show.

While the company continues to struggle financially, in recent years, it has continued to rake in considerable government subsidies, including a $49 million tax credit from Illinois to build a factory estimated to create 1,000 jobs over 10 years. In late 2021, Georgia extended an incentive package that could reach as high as $1.5 billion to build a plant in the state. The EV maker also enjoys considerable federal tax incentives.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 9. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines