Rivian Lays Off Workers as EV Sales Plummet
Electric vehicle (EV) companies are struggling to turn a profit as the Trump Administration continues to withdraw government subsidies that EV producers relied on. Rivian is facing this reality and experiencing multiple layoffs across the company.
The Wall Street Journal reports:
“Rivian is carrying out another round of layoffs affecting around 4% of its workforce as the electric-truck maker tries to conserve cash in a world pulling back from electric vehicles.”
This comes after the company reported a $1.1 billion loss in the second quarter. It follows an industry-wide trend, and one that Rivian has experienced multiple times.
“A month ago, the company did a smaller round of layoffs, affecting 1.5% of its workforce. It said the move was to reduce costs ahead of the launch of a more affordable sport-utility vehicle next year.”
As the $7,500 federal tax credit for consumers disappears, so do the sales. Many EV companies heavily depend on these tax credits, highlighting how unstable and unreliable Biden’s green agenda really was. As the Trump Administration continues to provide more dependable energy, Americans can clearly see who got it right.
October 29, 2025