Rivian, Lucid, Scout CEOs aren’t counting on Democrats to restore EV federal support after midterm wins

The chief executives of Rivian, Lucid and Scout say they are not relying on Democrats to restore federal electric vehicle support after the party’s midterm gains. Their cautious outlook reflects uncertainty about Congress’s priorities and whether EV incentives will return.

Lucid chief executive Silvio Napoli said the company is planning for the worst while remaining open to positive changes. Democrats are expected to focus on healthcare subsidies, Medicaid, oversight and affordability; a policy adviser said vehicle costs and EV supply-chain incentives could still feature in legislative debates, as cheaper EVs may support wider adoption.