Rivian laid off about 200 employees as the electric vehicle maker prepares for the end of federal EV tax credits.

The $7,500 tax credit for new EVs expires this month under President Trump’s policy changes.

Other automakers including GM and Volkswagen also are cutting jobs amid slowing EV demand.

Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green.

The electric truck and sport-utility vehicle manufacturer is preparing for a challenging year in which it plans to launch a more affordable model even as it gets more expensive to buy an EV.

A spokesperson at the company said that the layoffs are equivalent to about 1.5% of its total staff of nearly 15,000. The Wall Street Journal first reported the layoffs.

Ri

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