Rivian has updated its leasing prices for the 2026 R1 models, the company’s website showed this Wednesday, as demand for electric vehicles continues to grow before the end of the $7,500 tax credit on September 30.
In August, leasing prices were cut for the standard variants of the 2026 R1 models, after a price spike in the prior month.
However, and according to post by X user Hilbe, prices for the Standard version of the R1T pick-up were now raised from $811 to $831 per month.
The entry-level R1S’s leasing prices increased by $21 to $834.
The recently launched second-gen Quad-motor R1T can be leased from $1,809 per month, while the R1S Quad starts from $1,850 per month — also increased from $51 to $60.
The 2026 R1S Dual-Motor Standard variant had its leasing price cut by $20 to $899, while the Dual-Motor R1T remained at $879 per month.
Both the R1T Tri and R1S Tri kept the same leasing prices as last month — $1299 and $1369 per month, respectively.
In late June, the EV maker had cut lease prices by $200 as part of a final push to drive second-quarter sales.
Rivian delivered 10,661 electric vehicles in the second quarter, a drop of 22.7% year over year.
Last month, as it reported its second quarter financial results, the company said it expects the third quarter to be the strongest of the year.
“We anticipate the third quarter to be our peak delivery quarter of the year across both our consumer and commercial vehicles,” the brand stated on a shareholder letter, which was then reaffirmed by CEO RJ Scaringe on the earnings call that followed the report.
EV makers in the United States are dealing with the termination of the EV tax credit, which is a part of Donald Trump’s tax cut and spending bill.
Most R1 model purchases do not qualify for the tax credit as the final vehicle price typically exceeds the $80,000 limit.
However, the standard versions of both the R1S SUV and the R1T pickup truck remain priced below this threshold, despite slight price increases in its 2026 versions.
Rivian is focused on promoting the state incentive when it comes to leasing contracts — customers can get “any Rivian and get the $7,500 EV lease credit before it ends this fall,” according to its website.
On September 11, Rivian‘s founder and CEO RJ Scaringe will participate in a fireside chat at Morgan Stanley’s 13th Annual Laguna Conference.
The CEO is expected to provide updates on the upcoming affordable R2 model and on the sales push ahead of the tax credit termination.
