Official email from Rivian offering Binding Purchase Agreement

[sacramentoelectric]

Email offering binding purchase agreement is out but the form doesn't confirm yet when you sign:

We've received quite a few inquiries from the Rivian community asking how the Inflation Reduction Act (IRA) may impact your eligibility to obtain the $7,500 IRC 30D federal EV tax credit when you purchase your R1T or R1S. Here's what we know and how we plan to support our customers’ efforts to maintain eligibility for the federal EV tax credit. The Inflation Reduction Act may soon become law. Once signed into law, the Inflation Reduction Act will add new restrictions to buyers’ eligibility to receive the $7,500 IRC 30D federal EV tax credit. Under these new restrictions, an electric pick-up truck or SUV must be priced below $80,000 and the buyer must fall below certain income thresholds to qualify. Fortunately, buyers who have a “written binding contract” to purchase a qualified EV before the Inflation Reduction Act becomes law will be able to apply under the current IRC 30D tax credit requirements. What Rivian preorder and reservation holders can do. If you’d like to sign a binding contract for your R1T or R1S purchase, click “Review and Accept” below. Signing the contract will make $100 of your existing $1,000 deposit non-refundable and help you to maintain eligibility to apply for the $7,500 tax credit under its current requirements. According to the Senate bill, any customer with a binding contract will not be subject to the new vehicle price and income restrictions when applying for the federal tax credit, regardless of the vehicle delivery date. We do want to caution that the final bill terms are not certain and have not yet been passed by the House of Representatives. Further, we cannot guarantee that the IRS will approve tax credit eligibility as we interpret the terms of the Inflation Reduction Act. However, we are offering our customers this opportunity as a way to do what we can to increase the probability of receiving the $7,500 IRC 30D tax credit. When will the Inflation Reduction Act be enacted? While we can’t predict exact timing nor guarantee it becomes law, this bill has already passed the Senate and will head to the House for a vote on Friday, August 12. All indications are that this legislation should pass the House and then be signed into law. Once signed, the Inflation Reduction Act is considered enacted. Rivian customers interested in signing a binding contract may do so by clicking the button below and agreeing to the terms. Once the Inflation Reduction Act becomes law, customers will lose this chance and be subject to the new restrictions on vehicle price limits and personal income caps. What happens if I decide to do nothing? Taking this step is your choice. If you decide not to sign the binding order agreement, your Rivian deposit will remain under our existing fully refundable terms.​

If you have questions, we’re here to support. Tony Caravano Head of Customer Engagement​

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[mkg3]

Signed - Done!

 

[rkalbiar]

​ ​ ​ We've received quite a few inquiries from the Rivian community asking how the Inflation Reduction Act (IRA) may impact your eligibility to obtain the $7,500 IRC 30D federal EV tax credit when you purchase your R1T or R1S. Here's what we know and how we plan to support our customers’ efforts to maintain eligibility for the federal EV tax credit. The Inflation Reduction Act may soon become law. Once signed into law, the Inflation Reduction Act will add new restrictions to buyers’ eligibility to receive the $7,500 IRC 30D federal EV tax credit. Under these new restrictions, an electric pick-up truck or SUV must be priced below $80,000 and the buyer must fall below certain income thresholds to qualify. Fortunately, buyers who have a “written binding contract” to purchase a qualified EV before the Inflation Reduction Act becomes law will be able to apply under the current IRC 30D tax credit requirements. What Rivian preorder and reservation holders can do. If you’d like to sign a binding contract for your R1T or R1S purchase, click “Review and Accept” below. Signing the contract will make $100 of your existing $1,000 deposit non-refundable and help you to maintain eligibility to apply for the $7,500 tax credit under its current requirements. According to the Senate bill, any customer with a binding contract will not be subject to the new vehicle price and income restrictions when applying for the federal tax credit, regardless of the vehicle delivery date. We do want to caution that the final bill terms are not certain and have not yet been passed by the House of Representatives. Further, we cannot guarantee that the IRS will approve tax credit eligibility as we interpret the terms of the Inflation Reduction Act. However, we are offering our customers this opportunity as a way to do what we can to increase the probability of receiving the $7,500 IRC 30D tax credit. When will the Inflation Reduction Act be enacted? While we can’t predict exact timing nor guarantee it becomes law, this bill has already passed the Senate and will head to the House for a vote on Friday, August 12. All indications are that this legislation should pass the House and then be signed into law. Once signed, the Inflation Reduction Act is considered enacted. Rivian customers interested in signing a binding contract may do so by clicking the button below and agreeing to the terms. Once the Inflation Reduction Act becomes law, customers will lose this chance and be subject to the new restrictions on vehicle price limits and personal income caps. What happens if I decide to do nothing? Taking this step is your choice. If you decide not to sign the binding order agreement, your Rivian deposit will remain under our existing fully refundable terms.​

​

​ ​ ​ If you have questions, we’re here to support. Tony Caravano Head of Customer Engagement​

 

[SilverII]

Signed

 

[shamoo]

So I tried to accept by putting in my full name and email. But after clicking on Accept, it jus brings me right back to the same page. Did it go through? There's no indication anything happened.

Tried in Chrome and Edge browsers.

 

[Robotpedlr]

Done, printed and stored.

 

[kanundrum]

I guess I'm not getting emails again ?

 

[ashpuja]

Signed

 

[Kpecks]

Does this new language amend the original agreement???

3. Order Changes. If you make changes to the Vehicle after the Order Date, you may lose eligibility for special edition models, your place in line for priority delivery, and/or be subject to potential price increases based on any pricing adjustments made since the Order Date.

9. No Resellers & Cancellation. While this Agreement creates a binding Order for you to purchase the Vehicle when built by Rivian, this Agreement does not create an obligation by Rivian to build the Vehicle. Rivian and its affiliates may unilaterally cancel any order that we believe has been made with the intent to resell the Vehicle or otherwise has been made in bad faith. Rivian may also cancel your Order if a vehicle, product, feature, or option is discontinued after you place your Order.

 

[Robotpedlr]

So I tried to accept by putting in my full name and email. But after clicking on Accept, it jus brings me right back to the same page. Did it go through? There's no indication anything happened.

Tried in Chrome and Edge browsers.

Do you have a pop up blocker? It should open a new page and let you download a wet sign PDF

 

[aw113sgte]

I guess I'm not getting emails again ?

I got it on my account, nothing on my wife's. Maybe it's going out in waves.

 

[sacramentoelectric]

So I tried to accept by putting in my full name and email. But after clicking on Accept, it jus brings me right back to the same page. Did it go through? There's no indication anything happened.

Tried in Chrome and Edge browsers.

Same for me.

 

[manitou202]

I have an R1T delivery in progress and a separate order for an R1S submitted on July 27th.

Obviously the R1T I will qualify for the tax credit, however no email for the R1S. Under current law you can get tax credits for more than one vehicle in a tax year.

Has anyone else with a recent order received the email? Curious if it's based on number of orders, or if they don't think my recent R1S order will happen in the 2023 calendar year, thus making the credit worthless.

 

[SilverII]

So I tried to accept by putting in my full name and email. But after clicking on Accept, it jus brings me right back to the same page. Did it go through? There's no indication anything happened.

Tried in Chrome and Edge browsers.

I had to try again - It takes you to a page and you can download a signed PDF

 

[cwintermeyer]

Signed.

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