ruawahoo2
Well-Known Member
If I am reading this right, Rivian Credit would be calculated by the sum of the applicable amounts:Income limits (does phase out):
500k joint
250k single
MSRP limits:
80k truck
80k suv
Rivian credit: $7500
https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR5376RH-RCP117-18.pdf
Page 1480 (or search “greening”)
Base amount: $4K
More than 40KwH: $3.5K
Domestic Assembly: $4.5K (has the Union CBA requirement)
Domestic Content: $0.5K (requires the battery cells to be "manufactured" in the United States)
So as of now, Rivian R1Ts and R1Ss would qualify for a minimum of $7.5K if the MSRP is less than $80K and your income is less than $250K/single or $500K joint.
But depending on how the government interprets what defines a domestically manufactured battery cells (is it just assembly of the cell and not the individual batteries), Rivian vehicles might qualify for a total of $8K. In the future, when Rivian switches to full domestic battery production, Rivian will definitely qualify.
Happy for anyone to correct me if I have made an error. More eyes makes for better information... most of the time.
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