Rivian lowers annual deliveries forecast as tax credit expiry fans industry gloom

(Reuters) -Rivian Automotive lowered the midpoint of its annual deliveries forecast range on Thursday as the EV-maker braces for an uncertain few quarters due to the lapse of federal tax credits, sending its shares down more than 3.3% before the bell. Despite reporting a nearly 32% jump in deliveries, Rivian and the electric-vehicle industry face a cloudy outlook after the U.S. Congress, through sweeping legislation, moved to abolish a $7,500 tax credit on leasing that EV makers had long relied on to bols ...