Announcing our new "CLUBS" section where you can join or create a Rivian club or group! You can use this new feature to conveniently plan and discuss local events, gatherings or other club/group related topics.
So we encourage you to join (or start) special-interest and regional-based Rivian clubs at: https://www.rivianforums.com/forum/group-categories/clubs-groups.1/
I really like how they're maintaining flexibility by only getting commitments to a specific trim level. I was slightly concerned about having to finalize my color and wheel choices to sign a PBA but it looks like that can be kicked further down the road if need be. Hope Rivian takes notes and executes on this s0000000n!
I wrote RJ and RIVIAN customer service and made an impassioned plea for them to follow.
That is correct. It only matters to the portion of the 90,000 preorder holders who don’t realistically expect their R1S or R1T to be delivered this year.
The materials sourcing and assembly goes into effect immediately after the law is signed by the president so that would eliminate Rivian even for 2022 deliveries through the end of the year unless you signed the PBA.
I thought there was a year grace period on those requirements?
There’s not in the law for the % requirements. There’s a separate piece that basically excludes any with China source materials in any % which starts in 2024. Another thread said there will be waivers (by treasury maybe) for a few years that would still allow the $7,500 to be claimed.
Here’s the text…maybe there’s some time between the passage and the proposed guidance by Treasury? The guidance must be issued by 12/31/22 per the bill.
To be clear, the suggestion by one forum member that he heard from his unnamed lobbyist friends that they think there will ultimately be waivers allowing the $7500 tax credit beyond 2022 is, at least today, unverifiable speculation and not a sound basis for informed decision making.
I think the only reason they are using language with a little flex is to acknowledge that the legislation is not final yet and that there may yet be rulemaking after it is signed that might affect how the law is interpreted. Besides, "may" is better than status quo, which is currently looking like zero credit.
Even if that turns out to be the case, there is very little down side to signing a binding agreement now unless one would still be on the fence with the tax credit. I guess if some life-altering events were to happen between now and actual delivery, being locked into an $60K+ purchase would be bad. But, losing the deposit may not be the worst thing at that point.
