Electric vehicles are “not a political thing,” according to Rivian’s (RIVN) CEO RJ Scaringe. Although the Trump administration is expected to scale back EV incentives, including the $7,500 federal tax credit, Rivian believes it’s still in a better position than most. Scaringe warned that the changes could spell trouble for some legacy automakers.
Rivian charges ahead despite Trump EV policy changes
As it preps to launch its more affordable R2, Rivian expects policy changes to be “small speed bumps” along the way. And in the end, Scaringe said, “The future of transportation will be electric” either way.
At the opening of its new showroom in San Francisco last week, Rivian’s CEO and founder reiterated that the company’s plans are not changing, even with the threat of changing EV policies in the US.
“I started the company with the view of making highly compelling products, and none of my decision to start Rivian had anything to do with what the policy was going to look like,” Scaringe told visitors at the event (via Automotive News).
As he explained, any changes “will be equally applied to all,” so Rivian is not particularly worried about them. Like many, He expects the $7,500 federal EV tax credit and tax credits for battery production to be repealed.
Rivian R1T (left) and R1S (right) electric vehicles (Source: Rivian)
Although the policy changes would likely set the US behind China and others in the broader auto industry, Scaringe said the long-term trend toward EVs is unstoppable. Scaringe warned that the US leadership in the future of automotive tech is at risk.
This is not a political thing. It’s not like the left wants to move to electrification. It’s that the future of transportation will be electric.
Less than two weeks ago, Rivian closed its loan agreement with the US Department of Energy (DOE) for up to $6.6 billion in financing for its second EV manufacturing plant.
Production at Rivian’s Normal, IL plant (Source: Rivian)
The next growth stage
The plant, located just east of Atlanta, Georgia, will be home to Rivian’s smaller, more affordable R2 SUV and R3 crossover. Rivian’s upcoming EVs will be “critical drivers in the company’s long-term growth and profitability.”
Starting at around $45,000, Rivian’s R2 will be nearly half the cost of the current R1S and R1T. Rivian will initially start building R2 models at its Normal, IL facility in early 2026 before moving it over to Georgia. Rivian’s plant in GA is expected to be up and running in 2028 with the capacity to build 400,000 vehicles annually.
Rivian EV production plans (Source: Rivian)
Rivian produced 49,476 vehicles in Normal last year, with over 51,500 deliveries. After launching the R2 in 2026, the EV maker expects to rapidly scale up, with up to 615,000 annual vehicle production capacity between its two manufacturing plants.
Trump rolling back EV incentives would likely result in more delays from legacy automakers, which could benefit Rivian.
Rivian’s next-gen R2, R3, and R3X (Source: Rivian)
“The challenge with some of these short-term changes, for the world and for the U.S. leadership in technology, is that it will cause some manufacturers to invest less in electrification,” Scaringe said.
Although that’s “probably good for Rivian from a competitive landscape,” Scaringe added, it’s “bad for the world.” It could cause legacy car makers like Ford and Toyota, which have already doubled down on hybrids, to invest more in inferior powertrain technology as they seek to maximize short-term profits.
Rivian R2 electric SUV (Source: Rivian)
Rivian’s boss thinks it’s “a big miscalculation for the long term” for legacy automakers to focus strictly on profits in the next two to three years.
Scaringe shared a few other insights at the Rivian Space opening in San Fransico last week. After launching a new EV and software joint venture with Volkswagen, Scaringe said, “OEMs are knocking on our door” for technology.
He also said Rivian plans to launch hands-free driving this year, followed by an “eyes-free” system in 2026 as it dives deeper into software and ADAS.
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Several well-known players in the US electric bicycle market have recently joined forces in creative ways. Electric Bike Company, known for its local manufacturing in Southern California, has just announced a major merger with Integral Electrics, an e-bike brand uniquely designing electric bicycles for women and other short statured riders.
Both Electric Bike Company and Integral Electrics have carved out interesting niches in the industry. EBC has become famous for its extremely customizable electric bicycles. Riders can choose everything from the specific paint color to the combination of components and even the material choices – locally manufactured wooden fenders, anyone?
With multiple assembly locations across Newport Beach in Southern California, the local production has allowed EBC to respond quickly to one-of-a-kind builds that are designed by customers on its website or in any of hundreds of dealer locations around the US. The extreme customization has lent itself well to a market where customers often want to create unique bikes that show off personality and character.
Integral Electrics has also found itself an underrepresented market, but this time with a focus on female riders. The brand focuses on making cycling more accessible, regardless of a rider’s gender, height, or cycling experience. The company’s e-bikes are built to fit a wider range of riders, carry multiple children, and make cycling easier for everyone.
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The company’s founder and CEO Laura Belmar started Integral Electrics back in 2023 along with co-founder Paul Freedom, relying on her own experience struggling to find a cargo e-bike that she could comfortably ride with her children. A serial entrepreneur with successful ventures already under her belt, Belmar followed her instincts and tapped into that underserved market.
Now Integral Electrics and Electric Bike Company are merging under a single brand, with Integral Electric’s designs joining the EBC family. EBC has several famous models available, but the brand has long skewed more in the direction of cruisers and comfort bikes. The addition of Integral Electric’s cargo bikes and trikes will help further round out the diversity of models offered.
“Integral’s emphasis on female riders and on cargo e-bikes is a welcome addition to the EBC family,” said EBC founder and CEO Sean Lupton-Smith. “We want to stay on the cutting edge of where the e-bike market is headed, and Integral’s innovative approach helps push us forward.”
And with EBC’s local manufacturing, those bikes will be made closer to home than ever. “Building in the USA also has distinct safety advantages,” explained Belmar. “From my first visit to Electric Bike Company’s California factory, I have been indelibly impressed by the emphasis on quality and safety. Shipping bikes fully built and inspected is so much safer for customers. Electric Bike Company has already achieved one of our long-held aspirations. I’m honored to be part of this team.”
In a climate of tariff uncertainty, the ability to build and assemble bikes locally is becoming even more advantageous. “As tariffs, regulation and competition put pressure on the e-bike industry, Sean’s focus on customization and safety at Electric Bike Company was prescient,” added Freeman. “As we look around the industry, it’s clear that he has built a business that is well-positioned to meet this moment.”
As part of the merger, Belmar will assume the role of President and Chief Commercial Officer at EBC, and Integral Electrics’ Advisor Michael Edwards will join the EBC board.
The news of the merger follows quickly behind another major EBC partnership that saw Pedego ink a licensing deal with the brand to leverage EBC’s customization strengths to produce unique customer-designed Pedego e-bikes.
In addition to rolling out EBC’s Design Wall at many of Pedego’s stores, allowing customers to visually construct any e-bike combination right there in real-time on a large touchscreen, the partnership adds Pedego’s 150+ stores to EBC’s 250+ dealer network, giving customers access to one of the most extensive e-bike sales and service networks in the country.
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A nearly $50,000 electric SUV for just $99 a month? If that sounds too good to be true, it’s because it kind of is. One Honda dealer is promoting a Prologue lease offer for just $99 for 24 months, but you may have a hard time getting your hands on one.
Honda Prologue EV listed for lease at just $99 per month
Honda’s electric SUV is already one of the most popular EVs in the US. In December, it was the third top-selling electric vehicle trailing only the Tesla Model Y and Model 3.
Since the first models hit the streets last March, the Prologue climbed to become the seventh best-selling EV in 2024, beating out Chevy’s new Equinox EV and even the Rivian R1S.
Although Honda, like most, is offering generous discounts to clear inventory, one dealer is taking it to the extreme.
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Buena Park Honda in California is promoting a Honda Prologue lease deal for just $99 for 24 months (plus taxes) with a $3,977 down payment. The crazy low offer is for the 2024 Prologue EX FWD with 10,000 miles a year, but there’s a catch.
Honda Prologue listed for lease at just $99 per month (Source: Buena Park Honda)
For one, there’s only one model listed in its inventory, and it’s the Elite trim, listed at $51,850 (MSRP of $59,350 minus the $7,500 federal EV tax credit). You will also need a trade-in vehicle, including a 2014 or newer Honda or competitor brand.
A salesperson from the dealership told online auto research firm CarsDirect that the EX models are out of stock because they are “really hard to get your hands on.”
2024 Honda Prologue Elite (Source: Honda)
Also, if you factor in the down payment and $595 acquisition fee, the effective cost is $295 per month. That’s only slightly better than the official $239 for a 24-month lease offer Honda is promoting. With just $1,499 due at signing, the effective rate is $301 per month, or just $6 more.
2024 Honda Prologue trim
Starting Price (w/o $1,395 destination fee)
Starting price after tax credit (w/o $1,395 destination fee)
Starting price after tax credit (with $1,395 destination fee)
EPA Range (miles)
EX (FWD)
$47,400
$39,900
$41,295
296
EX (AWD)
$50,400
$42,900
$44,295
281
Touring (FWD)
$51.700
$44,200
$45,595
296
Touring (AWD)
$54,700
$47,200
$48,595
281
Elite (AWD)
$57,900
$50,400
$51,795
273
2024 Honda Prologue prices and range by trim
Although this is offered in California and other CARB emissions states, the Prologue is on sale in different regions for just $209 for 24 months. With $2,699 due at signing, the effective rate is still just $321 per month.
Honda says the Prologue “delivers the same level of quality, reliability, and performance” you expect from the brand.
Based on GM’s Ultium platform, the electric SUV has an EPA-estimated range of up to 296 miles. Although it shares GM’s tech, Honda fine-tuned the Prologue with an added multi-link front and rear suspension to give it a more “sporty” drive.
The Prologue has more interior space, with 111.7 cu ft of passenger volume, than the Honda CR-V (106 cu ft). It also features an 11.3″ touch-screen infotainment system with built-in Google, Apple CarPlay, and Android Auto support, something GM has moved away from.
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