Rivian, Lucid, Scout CEOs aren’t counting on Democrats to restore EV federal support after midterm wins
CNBC reports that Rivian, Lucid, and Scout Motors CEOs say they aren't counting on the new Democratic-controlled Congress to restore EV federal support the Trump administration rolled back, including the up to $7,500 purchase incentive, though they would welcome it. EV sales, which spiked before the incentive ended after September 2025, have since fallen, and Democrats appear focused instead on healthcare and affordability.
