
Senate Republicans Target $7,500 EV Lease Credit, Rivian R1 Buyers Could Lose Key Incentive
A new Senate GOP tax plan could abruptly end the $7,500 federal credit that many Rivian R1T and R1S buyers access through leasing. The bill would eliminate the lease credit for foreign-built EVs immediately and phase it out for North American-built models, like Rivian’s, within 180 days of becoming law. Rivian customers haven’t qualified for the credit on purchases due to battery sourcing rules, so leasing has been the only way to unlock the incentive. Without it, buyers would face…




