A loan from the U.S. Department of Energy could jumpstart Rivian’s stalled plans for an EV facility in Georgia, setting the stage for mass-market electric SUVs.

Rivian Automotive Inc. won preliminary approval for a $6.6 billion federal loan that will help support the construction of its delayed Georgia electric-vehicle plant.

Rivian Automotive Inc. (Nasdaq: RIVN) will receive a loan of up to $6.6 billion from the U.S. Department of Energy (DOE), upon conditional commitment, which will go towards the construction of its next manufacturing facility in Stanton Springs North in Georgia.

The Energy Department said the loan would substantially boost electric vehicles made in the United States and support Biden’s goal of having zero-emission vehicles make up half of all new US sales by 2030.

The loan would support construction of an electric-vehicle factory the company put off building earlier this year to save money.

The ATVM Loan Program has played a pivotal role in the development of the U.S. EV industry, with previous support for automakers such as Tesla and General Motors. Rivian’s conditional loan commitment marks another significant investment by the DOE in sustaining America’s competitive edge in the EV sector.

Irvine electric-vehicle maker Rivian has conditional approval for a $6.6-billion loan to fund the construction of a new plant in Georgia.

Plans in Georgia for an electric vehicle plant in Social Circle are back on track, courtesy of a proposed $6 billion loan from the U.S. Department