Rivian edges closer to electric car production

Posted on February 16, 2018
Rivian Automotive is taking the next step in producing electric vehicles by hiring a team of executives.  (Photo Teslarati.com/Jim Finch)

By Greg Halbleib

NORMAL – The Normal Town Council’s Monday agenda includes the abatement of about $107,000 in property taxes for Rivian Automotive.

The abatement is part of an economic incentive agreement with the electric vehicle manufacturer. In order to qualify for the abatement, Rivian was required to complete the purchase of the former Mitsubishi property and invest at least 500 thousand dollars in project expenses, all by the end of 2017.

Rivian Automotive has taken the next step toward production by announcing five members of its executive team.

Rivian plans to begin production in 2020.

Greg Halbleib can be reached at gr[email protected]

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