Rivian R1T And R1S Join EVs Now Eligible For Partial US Tax Credit via insideevs.com
Gallery: 2022 Rivian R1S First DriveRivian R1S in Compass Yellow downhillRivian R1S on winding roadRivian R1S in compass Yellow with frunk openRivian R1S in Rivian Blue and Red CanyonRivian R1S third row seatsRivian R1S panoramic glass roof, essentially the new tax credit has numerous rules that make it difficult for EVs to qualify. There are caps on the price of the vehicles themselves, as well as the income of those purchasing them.
The US Treasury says to be eligible for the EV tax credit, 40% of a vehicle's battery materials must come from the US, be recycled in North America, or come from a country with which the US has a free trade agreement. The battery materials percentage will grow over the years to encourage EV makers to find ways to source battery packs and materials domestically.
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