EV company Rivian is preparing for the impact of increased tariffs proposed by President-elect Donald Trump on its supply chain.
Rivian CEO RJ Scaringe stated that the company has strategically considered materials sourcing for its affordable SUV, the R2, in anticipation of potential tariffs.
Rivian has focused on sourcing suppliers that won't be subject to large tariffs and has structured partnerships to minimize risk from overseas suppliers.
The uncertainty surrounding the incoming administration and potential changes to EV-related policies may affect the demand for EVs and impact Rivian's business.