The National Highway Traffic Safety Administration has stopped the paperwork necessary to finalize the selling of electric vehicle credits, holding up $100M of revenue for Rivian (RIVN), Ryan Felton and Sharon Terlep of Wall Street Journal report. The Zero Emission Transportation Association filed a petition to the U.S. Court of Appeals in Washington, D.C., asking the court to intercede and restart the buying and selling of the regulatory credits, the Journal says. Both Rivian and smaller Lucid (LCID) said they are being harmed, the paper notes.
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