Biden administration seeking to finalize $6.6B loan to build EV factory before term ends

The Biden administration is seeking to hand out a multi-billion dollar federal loan to fund a large scale electric vehicle manufacturing plant just months before the president's term ends.The Department of Energy announced on Monday that they will be giving Rivian Automotive, an EV manufacturer, a $6.57 billion loan to finance construction of a 9 million-square-foot electric vehicle facility in Georgia, called Project Horizon.The DOE said that the initiative "supports the Biden-Harris Administra