Rivian electrical pickup vans sit in a car parking zone at a Rivian service heart on Might 09, 2022 in South San Francisco, California.
Justin Sullivan | Getty Pictures
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 autos.
The corporate stated this system is out there to clients in choose states reminiscent of California, New York, Florida and Texas – already in style markets for EVs.
Primarily based on the company’s website, eligibility relies on zip code, principally for higher-end fashions of the car that may price greater than $90,000.
Representatives for Rivian didn’t instantly reply to request for extra particulars.
Leasing has change into a preferred manner 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 beneath the Inflation Reduction Act, in comparison with the $3,750 that purchasers of Rivian fashions at the moment qualify for.
Leasing is categorized as business enterprise beneath the IRA and subsequently exempt from rules that require the car and battery parts to be made in North America. Most EVs on the market right this moment don’t qualify for the total tax credit score due to the place the autos or parts are constructed.
“At present, Rivian launched a brand new manner for patrons to get behind the wheel of a Rivian with the introduction of leasing,” the corporate stated in an emailed assertion. “Rivian’s leasing program provides the journey of proudly owning a Rivian with extra flexibility.”
