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Rivian gets $827m incentives to expand Normal, Illinois factory for R2

Baua Electric

Rivian has secured $827 million worth of incentives from the state of Illinois to expand its main factory in Normal. Rivian’s Normal, Illinois plant is where it builds the R1S and R1T. FTC: We use income earning auto affiliate links. The plant was purchased from Mitsubishi in 2017.

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Rivian (RIVN) adds R1S SUV to lease program and expands to additional states

Baua Electric

The American automaker has also added two more states to its lease program – Illinois, where the EVs are currently built, and Virginia. FTC: We use income earning auto affiliate links. The post Rivian (RIVN) adds R1S SUV to lease program and expands to additional states appeared first on Bauaelectric Auto News.

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EV news: Busting out all over

Electric Auto Association

Lion Electric announces plans to build electric buses in Joliet, Illinois. Lion Electric brings green jobs come to Illinois Canadian EV bus maker Lion Electric Company has set Joliet as the site of its first-ever manufacturing plant in the U.S. ElectraMeccanica.

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Walmart just funded 15 community solar projects across the US

Baua Electric

Walmart’s strategic tax equity investment will drive the construction, operation, and maintenance of solar projects across five states – Illinois, Colorado, Maryland, Delaware, and California. ad* FTC: We use income earning auto affiliate links. In Colorado, 41 MW of those projects will serve low and moderate-income homes.

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Hertz’s EV sale to fan cost concerns, dampen used-car market – ET Auto

Baua Electric

“Mainstream consumers are already hesitant to buy an EV, and this news only supports their concerns.” ” The higher costs associated with repairing EVs stem from a lack of sufficient expertise in dealing with such vehicles and challenges in getting the replacement parts as they are still very new, industry experts said. .

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Rivian (RIVN) stock gets a boost ahead of R2 launch with new buy rating

Baua Electric

With the anticipated $7,500 EV tax credit, the R2 starting price could potentially fall below $40,000. FTC: We use income earning auto affiliate links. The post Rivian (RIVN) stock gets a boost ahead of R2 launch with new buy rating appeared first on Bauaelectric Auto News.

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Rivian R2 bows: $45,000, over 300 miles, the future of the SUV?

Baua Electric

The Rivian R2 is two years away, but with the debut of an R2S in prototype form Thursday, it’s clear this electric SUV will arrive with a proposition unlike any EV yet: A boxy silhouette, rugged off-road chops, a range easily topping 300 miles, and a target price effectively below today’s average new-vehicle price, regardless of the fuel.

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