The head of President-elect Donald Trump’s cost-slashing efficiency team blasted the Biden administration Tuesday for offering an almost $6.6 billion loan guarantee for an electric vehicle plant in Georgia.
Vivek Ramaswamy, who’s co-leading Trump’s so-called Department of Government Efficiency, or DOGE, said the funding amounted to a warning shot.
“Biden is forking over $6.6B to EV-maker Rivian to build a Georgia plant they’ve already halted. One ‘justification’ is the 7,500 jobs it creates, but that implies a cost of $880k/job which is insane. This smells more like a political shot across the bow at @elonmusk & @Tesla,” Ramaswamy wrote on X.
The Energy Department late on Monday unveiled a conditional loan to help electric vehicle maker Rivian build its Project Horizon plant near the city of Social Circle, a 45-minute drive east of Atlanta. Rivian must still meet technical, legal, environmental and financial conditions before the loan is finalized.
