How the EV pullback is affecting factories and jobs in the South [CNBC]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: CNBC
But companies have now canceled EV plans and some have faced write-downs. Many are pivoting to hybrids as EV sales plunge and looking for ways to make their investments work. For most of the past two decades, the majority of electric vehicle-related investments have gone to Republican-led districts, especially in the Southeast. With the industry pulling back from electric cars and trucks, the fate of those investments is now an open question. Automakers and battery makers invested more $200 billion in EV and battery manufacturing facilities in the U.S. from roughly 2000 to 2024, according to data and policy research firm Atlas Public Policy . About 84% of battery investments went to Republican-led districts, as well as 62% of EV manufacturing investments, the firm said. These were expected to create more than 200,000 jobs, 77% of which would be in Republican districts. Almost half of all that investment — 40% — went to the Southeastern U.S., according to Atlas For more than h
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RIVN
News
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RIVN
Earnings
- 11/4/25 - Miss
RIVN
Sec Filings
- 1/22/26 - Form 4
- 1/22/26 - Form 4
- 1/22/26 - Form 4
- RIVN's page on the SEC website