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EV maker Rivian’s (RIVN) Q1 EV deliveries were about flat from the fourth quarter as preparations began at its Normal, IL plant to cut costs. Despite deliveries falling slightly from Q4, Rivian beat Wall Street’s expectations and confirmed full-year production guidance.

Rivian’s Q1 2024 EV deliveries and production results

Rivian announced first-quarter 2024 production and delivery numbers Tuesday as the EV startup prepares to cut costs at its manufacturing plant.

The company produced 13,980 EVs, down from 17,541 in Q4. Rivian delivered 13,588 vehicles during the quarter, down slightly from the 13,972 handed over last quarter.

Although production fell QoQ, Rivian still beat Wall St expectations of around 13,800 and its prior guidance of 13,500. The EV maker also beat delivery estimates for the quarter.

Rivian announced plans to shut down both consumer and commercial lines during Q2 at its Normal EV plant to introduce new tech and manufacturing practices to cut costs. The company lost around $43,372 for every vehicle it built in Q4.

Although $43K is still a significant loss, it’s down from the +$124K loss per vehicle in Q4 2022. Rivian, like many startups, is managing higher interest rates and inflation.

Q3 ’22 Q4 ’22 Q1 ’23 Q2 ’23 Q3 ’23 Q4 ’23
Rivian loss per vehicle $139,277 $124,162 $67,329 $32,594 $30,500 $43,372
Rivian loss per vehicle by quarter

As a result, Rivian announced it was cutting 10% of its salaried workforce in February. CEO RJ Scaringe said the move was to maximize the brand’s ability to make an impact and expand.

Rivian ended the quarter with $9.37 billion in cash and equivalents. The company revealed its smaller, more affordable R2 last month, which will start at around $45,000.

Rivian's-Q4-2023-deliveries
(Source: Rivian)

To accelerate its launch, Rivian is pushing back construction at its $5B facility in Georgia to launch production in Normal.

Rivian said the move will save $2.25B, enough to fund the company through the start of R2 production. The R2 will make its way overseas as Rivian expands into new markets.

Rivian-R2
Rivian R2 (Source: Rivian)

Due to the plant shutdown, Rivian expects production to remain flat this year at around 57,000. The company reaffirmed its guidance Tuesday.

After releasing Q1 deliveries and production results, Rivian’s stock is down over 3% in pre-market trading. Rivian shares are trading just ahead of their all-time lows at around $11. That’s down over 65% from this time last year.

Rivian's-Q1-deliveries
Rivian (RIVN) stock chart over the past 12 months (Source: TradingView)

Rivian will release its first quarter financial results on May 7th, 2024 after the market close. Check back for more on the EV maker’s financial situation.

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US solar tops 11.7 GW in a huge Q3 despite political roadblocks

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US solar tops 11.7 GW in a huge Q3 despite political roadblocks

The US solar industry just delivered another huge quarter, installing 11.7 gigawatts (GW) of new capacity in Q3 2025. That makes it the third-largest quarter on record and pushes total solar additions this year past 30 GW – despite the Trump administration’s efforts to kneecap clean energy.

According to the new “US Solar Market Insight Q4 2025” report from Solar Energy Industries Association (SEIA) and Wood Mackenzie, 85% of all new power added to the grid during the first nine months of the Trump administration came from solar and storage. And here’s the twist: Most of that growth – 73% – happened in red states.

Eight of the top 10 states for new installations fall into that category, including Texas, Indiana, Florida, Arizona, Ohio, Utah, Kentucky, and Arkansas. Utah jumped into the top 10 this quarter thanks to two big utility-scale projects totaling more than 1 GW.

But the report also flags major uncertainty ahead. Federal actions, including a July memo from the Department of the Interior (DOI), have slowed or stalled the approvals pipeline for utility-scale solar and storage. Without clarity on permitting timelines, Wood Mackenzie’s long-term utility-scale forecast through 2030 remains basically unchanged from last quarter.

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“This record-setting quarter for solar deployment shows that the market is continuing to turn to solar to meet rising demand,” said Abigail Ross Hopper, SEIA’s president and CEO. She added that strong growth in red states underscores how decisively the market is shifting toward clean energy. “But unless this administration reverses course, the future of clean, affordable, and reliable solar and storage will be frozen by uncertainty, and Americans will continue to see their energy bills go up.”

Two new solar module factories opened this year in Louisiana and South Carolina, adding a combined 4.7 GW of capacity. That brings the total new US module manufacturing capacity added in 2025 to 17.7 GW. With a new wafer facility coming online in Michigan in Q3, the US can now produce every major component of the solar module supply chain.

“We expect 250 GW of solar to be installed from 2025 to 2030,” said Michelle Davis, head of solar research at Wood Mackenzie and lead author of the report. “But the US solar industry has more potential. With rising power demand across the country, solar could do even more if current constraints were eased.”

SEIA also noted that, following an analysis of EIA data, it found that more than 73 GW of solar projects across the US are stuck in permitting limbo and at risk of politically motivated delays or cancellations.

Read more: EIA: Solar + storage soar as fossil fuels stall through September 2025


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It’s happening: Chevy Spark EUV production kicks off in Brazil

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It's happening: Chevy Spark EUV production kicks off in Brazil

The spiritual successor to the beloved Chevy Geo Tracker, production of the new-for-2026 electric Spark EUV has officially begun in Brazil with more than 200 miles of range.

That’s right, kids. To know the Chevy Tracker is to love the Chevy Tracker. The tiny, top-heavy Suzuki-based SUV combined bold colors, fun styling, (relatively) good fuel economy, and real off-road chops (especially in ZR2 trim) with an affordable price tag to make the Tracker an early favorite among the serious rock-crawling crowds.

Like, really


2001 Chevy Tracker; via Harry Situations.

While it’s still too early to tell whether or not the all-new Chevy Spark EUV will come even close to that little proto-SUV, it seems we won’t have to wait much longer to find out – GM Authority reports that production of the 2026 Chevy Spark EUV has officially begun at Comexport’s Planta Automotiva do Ceará (PACE) plant, in the state of Ceará, Brazil.

GM Brazil invested the equivalent of $73 million to get the PACE factory ready to assemble GM’s modern, zero-emissions Chevy crossover for the South American and Middle Eastern markets – an investment big enough to earn a visit from Brazilian president Luiz Inácio Lula da Silva, who was on-hand for the December 3rd kickoff event.

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“It’s not a car factory,” said Comexport Vice President and PACE shareholder, Rodrigo Teixeir. “(The) goal is to develop technology there, not simply assemble a vehicle.”

Production of the new Spark EUV began last week, with production of the equally new Chevy Captiva EV set to begin as early as Q1 of 2026.

2026 Chevy Spark EUV


The Made in Brazil Chevrolet Spark EUV is heavily based on the Chinese Baojun, and is powered by that vehicle’s single 75 kW (101 hp), 180 Nm (130 lb-ft) motor driving the front wheels. Power comes from the Baojun’s 42 kWh LFP battery that, with regenerative braking, is good for up to 360 km (220 miles) on the NEDC driving cycle.

Weirdly, the new Spark is also equipped with a 10.1″ infotainment screen and 8.8″ digital instrument cluster (above) that supports both Apple CarPlay and Android Auto standard – technology that GM claims lead to “unsafe” driver behaviors in North America.

Let us know what you think of the little electric SUV, and whether or not you think it would be a hit in the US (it would) in the comments.

SOURCE: GM Authority; images by GM, Harry Situations.


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Trump ban on wind power projects overturned by federal judge

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Trump ban on wind power projects overturned by federal judge

Power generating wind turbines tower over the rural landscape on July 5, 2025 near Pomeroy, Iowa.

Scott Olson | Getty Images

A federal judge on Monday struck down President Donald Trump’s sweeping ban on new wind power projects in the U.S., a major victory for an industry that has been singled out by the White House since the administration’s first day.

Judge Patti Saris of the U.S. District Court for the District of Massachusetts ruled that Trump’s ban is “arbitrary and capricious and contrary to law,” tossing out the president’s action in its entirey.

Trump issued a memorandum on Jan. 20 halting permits and leases for offshore and onshore wind farms, pending federal review. Saris said that federal agencies had failed to provide a reasoned explanation for such a drastic change in U.S. policy.

Seventeen states led by New York Attorney General Letitia James sued Trump in May to overturn the president’s ban. They argued that it created “an existential threat to the wind industry.”

“This is a big victory in our fight to keep tackling the climate crisis and protect one of our best sources of clean, reliable, and affordable energy,” James said in a post on social media platform X.

States in the Northeast and Mid-Atlantic in particular have been pursuing offshore wind projects to meet future energy demand as they seek to reduce carbon-dioxide emissions.

White House spokeswoman Taylor Rogers said in a statement that “offshore wind projects were given unfair, preferential treatment while the rest of the energy industry was hindered by burdensome regulations.”

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