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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…




