"EV Tax Credit Confusion Continues for Consumers and Automakers"

1 min read
Source: Electrek
"EV Tax Credit Confusion Continues for Consumers and Automakers"
Photo: Electrek
TL;DR Summary

After submitting updated documentation, the Rivian R1S and R1T models now qualify for a partial $3,750 EV tax credit. To qualify, 40% of the critical battery minerals used in the vehicle must be sourced in the US or with its free trade partners (or recycled in North America), and the electric vehicle itself must be manufactured or assembled in North America and under a certain MSRP threshold. Rivian manufactures and assembles its electric vehicles at its Normal, Illinois, facility. The EV maker is still aiming to qualify for the full $7,500 EV tax credit this year and has opened up its Adventure Network chargers to other brands to receive incentives from the $7.5 million Bipartisan Infrastructure Law investment to build a nationwide charging network.

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