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Leaders of several U.S. electric vehicle manufacturers said they’re not counting on increased federal support for their businesses once Democrats gain control of Congress in January, but they said they’ll gladly take it if it does happen.Â
That was the overall sentiment from CEOs of Rivian Automotive, Lucid Group and EV startup Scout Motors during interviews with CNBC after Democrats’ historic midterm election wins.
“We’ve honestly constructed Scout from day one to be in an environment where we’re not going to count on, let’s say, legislation or count on things that may or may not be there,” Scout CEO Scott Keogh, an automotive veteran, told CNBC on Wednesday.
EV makers have had to contend with flip-flopping support from Washington over the years. The Trump administration has ended or rolled back support for climate change initiatives and EVs that were supported by the Biden administration,…
