Rivian electrical pickup vehicles sit in a parking zone at a Rivian service middle on Might 09, 2022 in South San Francisco, California.
Justin Sullivan | Getty Photos
Rivian on Monday began leasing choose fashions of its all-electric R1T pickup truck, a transfer to increase gross sales and buyer base past early adopters of electrical automobiles.
The corporate stated this system is accessible to prospects in choose states equivalent to California, New York, Florida and Texas – already fashionable markets for EVs.
Primarily based on the corporate’s web site, eligibility is predicated on zip code, largely for higher-end fashions of the car that may value greater than $90,000.
Representatives for Rivian didn’t instantly reply to request for added particulars.
Leasing has grow to be a well-liked approach for patrons to check out an electrical car with none long-term dedication. Doing so additionally qualifies a purchaser for a full $7,500 federal tax credit score underneath the Inflation Discount Act, in comparison with the $3,750 that purchasers of Rivian fashions at present qualify for.
Leasing is categorized as industrial enterprise underneath the IRA and due to this fact exempt from rules that require the car and battery elements to be made in North America. Most EVs on the market at this time don’t qualify for the complete tax credit score due to the place the automobiles or elements are constructed.
“Today, Rivian launched a new way for customers to get behind the wheel of a Rivian with the introduction of leasing,” the corporate stated in an emailed assertion. “Rivian’s leasing program offers the adventure of owning a Rivian with more flexibility.”