Why Now is the Best Time to Lease a Rivian Amidst Uncertainty Around the $7,500 EV Tax Credit

With former President Donald Trump re-elected to a second term, many in the EV space are closely following his policy stance on electric vehicles and the potential future of federal EV incentives. During his campaign, Trump made statements indicating a desire to curb EV policies and, in particular, reconsider the federal $7,500 EV tax credit. While no immediate actions have been taken, the potential impact on the EV market is something current and prospective EV owners are considering.

The $7,500 federal EV tax credit has been pivotal in making electric vehicles more affordable, incentivizing the shift from traditional gas-powered vehicles to cleaner alternatives. For many consumers, this credit effectively lowers the barrier to entry for EV ownership, reducing the overall cost of the vehicle and enhancing its value. However, if this credit were to be eliminated, it could substantially increase the initial cost of purchasing an EV, making leasing a more attractive option.

Why Leasing May Be a Smarter Option Now

As it stands, Rivian offers attractive leasing options that take the $7,500 credit into account, reducing monthly payments and providing added flexibility. For those considering making the shift to EVs, this timing may present an ideal opportunity to lease and lock in the benefits before any potential changes take effect.

In my upcoming lease for the 2025 R1T Tri Max Ascend, the $7,500 credit has directly reduced my monthly payment, making it a much more affordable choice. This leasing approach not only offers financial benefits but also allows drivers to remain flexible as the EV landscape continues to evolve.

While we await more information on specific policies from the new administration, anyone considering a Rivian may want to evaluate leasing as a way to secure these financial advantages and enjoy a premium EV without the higher upfront costs.