Jac
Well-Known Member
- First Name
- Jacob
- Joined
- Mar 16, 2022
- Threads
- 40
- Messages
- 503
- Reaction score
- 905
- Location
- Connecticut
- Vehicles
- Rivian R1S, Volvo XC40, Honda VFR1200X
- Occupation
- Retired
Did you sign a binding purchase agreement before the Inflation Reduction Act was signed earlier this week in addition to submitting your $1000 reservation deposit this month? As you know, the purpose of signing the BPA is to potentially preserve your eligibility to use the former EV tax credit that did not have any MSRP or income cap or any battery material sourcing requirements.Late to the party, finally put a reservation in August ‘22 with the hope that some options would stay under the $80k threshold. Very disappointed that no real options exist anymore and likely knocks the R1 out as an option.
I wonder if the inflation reduction act never went through, whether Rivian would have removed the explore package. Maybe if I hang on, an R1t option with a decent battery will present itself in 2024. I guess I can hope, but likely will need to go a different direction. I can’t see the R2 platforms realistically being delivered to consumers before 2026.
I don’t understand your speculation that Rivian might have continued the Explore trim if the IRA had not passed and future buyers would all have been eligible for a $7500 tax credit until Rivian produced 200,000 vehicles.
Sponsored
. Stand corrected at 389

