California-based electrical car startup Rivian Automotive introduced the launch of leasing for its R1T electrical pickup for patrons in some U.S. states.
The corporate stated this system is obtainable to prospects in 14 states: Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington. Rivian says it plans to increase leasing to different states sooner or later. The R1S SUV isn’t but obtainable for leasing.
Leasing is restricted to R1Ts with a sticker worth of no less than $89,600 (pricing contains $1,800 for supply) earlier than dealer-installed choices.
Leasing helps to carry down that value, with drivers who lease an EV doubtlessly capable of entry the $7,500 federal tax credit score provided by the Inflation Discount Act, versus the $3,750 at the moment obtainable for purchases of Rivian fashions. .
Rivian produced 16,304 models within the third quarter, up from 13,992 produced within the second quarter of 2023. It expects to make about 54,000 models in 2023, up from 24,300 produced in 2022.
[source: CNBC]
Nov 29, 2023