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Tesla competitor Rivian backs bill to open up Washington to electric vehicle direct sales Michael Goldberg February 11, 2021
Rivian, a Tesla competitor, is backing legislation that would allow “direct sales” of electric vehicles (EVs) in Washington State. This would mean that HB 1388, sponsored by Rep. Shelley Kloba (D – Kirkland), would permit Rivian and other EV manufactures to sell vehicles directly to customers without working through franchise auto dealerships. Current state law prohibits Rivian from doing so.
Rivian, which is backed by the Ford Motor Company and Amazon, was valued at $27.6 billion at its latest funding round in January. Bloomberg reported this week that the electric-vehicle startup may go public as soon as September at a valuation of about $50 billion.