Rivian will provide you with a discount of up to about $5,470 if you purchase or lease a qualified R1 electric vehicle package in the United States of America or Canada and trade in an eligible gas-powered truck or SUV and meet the requirements. As part of its “Electric Upgrade Offer” for Earth Day, Rivian has announced that it will accept trade-ins of 2018 or newer Ford F-150, Explorer, Expedition, and Bronco cars (with the exception of Bronco Sport), as well as 2018 or newer Toyota Tacoma, Tundra, Highlander, and 4Runner automobiles. Other options include trading in a Jeep Grand Cherokee, Wrangler, or Gladiator from the same model year as the vehicle in question. The Audi Q5, Q7, and Q8 models from 2018 or later, as well as the BMW X3, X5, and X7 models, will be accepted by Rivian.
It is clear that some of these models are really well-liked gasoline-powered automobiles, such as the Ford F-150. This is because the corporation is probably attempting to attract a diverse group of individuals who are contemplating making the switch to electric vehicles. Naturally, the amount that you receive will be contingent on the state of your vehicle, which means that you could be able to get a higher price if you sell it on your own merits. To add insult to injury, the discount will only be applicable to particular R1T truck and R1S SUV packs, with prices ranging from CAD$1,000 ($730) to CAD$7,500 ($5,470). Additionally, in order to reserve the configuration that you want, you will be need to provide a deposit of $1,000 that is non-refundable, and you will also be required to be able to receive a delivery between the dates of April 22 and June 30.
According to TechCrunch, Rivian announced the promotion at a time when there is a decrease in demand for electric vehicles, particularly for premium versions that are more expensive. Other automobile manufacturers have recently introduced their own reductions. For example, Tesla has reduced the beginning pricing of the Model Y, Model X, and Model S by a total of $2,000 in order to attract customers. In addition, it will discontinue its referral programme on April 30 and will reduce the price of its Full-Self Driving software by $4,000 in the near future. In the event that you decide to purchase an R1 and trade in a qualified petrol car, you will also be able to charge your new electric vehicle at any of the Rivian Adventure Network locations for free for a period of one year.