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The electric truck and SUV company Rivian will lay off hundreds of employees in an attempt to save cash as federal support for electric vehicle adoption wanes under the Trump administration.

The layoffs come less than a month after the expiration of a federal tax credit that once saved many customers $7,500 on new electric vehicles and $4,000 on used ones. Experts said sales will falter without the credit, which ended Sept. 30.

Irvine-based Rivian plans to lay off roughly 600 workers, the Wall Street Journal earlier reported, or about 4% of its workforce. The company had just under 15,000 employees at the end of last year.

A Rivian spokesperson said the company will share more i

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