Biden Administration's Green Industrial Policy

The Biden administration granted $6.6 billion in loans to the electric vehicle maker Rivian to construct a factory in Georgia, reflecting a strong commitment to green industrial policy. This funding aims to support jobs in the transitioning economy, despite Rivian's struggles to sell its products. The program underpinning this loan previously supported Tesla and highlights a tension within Republican ideologies that grapple with the government's role in fostering green technology while attempting to limit cronyism. As the Biden administration navigates this landscape, it faces pushback from figures like Donald Trump who are concerned about the implications of such subsidies on both job creation and fiscal responsibility.