Rivian R1T Large Pack Battery

AFTER INCENTIVES

$59,500

MSRP

$67,500

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ESTIMATED INCENTIVES

$8,000

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Loan Payment

$1,178 / month

Down Payment

$7,193

10% of MSRP plus tax

ESTIMATED INCENTIVES

$8,000

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Lease Payment

$900 / month

FIRST LEASE PAYMENT

$8,093

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Incentives For Lease

$8,000

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Type

Truck

Minimum Seats

Fuel Type

BEV

Electric Range

314 miles

Miles Per 30 Min Of Fast Charging

~ 52 miles

Time to Charge - Level 2

~ 17 hr 30 min

Battery Size

135 kWh

CO2 Emissions Reduction

12,472 lbs/yr

Equivalent Trees Planted

260

Gasoline Saved

1,053 gal/yr

For more details including charts & calculations, please view this page on a desktop.

Compare the Rivian R1T Large Pack Battery to a similar gas vehicle, the Ford F-150 Platinum Supercrew 4WD

Purchase Method

Miles Driven Per Year

20,000 miles

Years of Ownership/Lease

5 Years

Gasoline Price ($/gal)

$4.45

Sales Tax

6.57 %

Assumptions

Electricity Rate$0.2614/kWh

Electricity rate is based off of Energy Information Administration

Results have been updated as of 1/27/2023, 12:33:08 PM.

Cost to Fill Up Monthly

The Rivian R1T Large Pack Battery is $181 cheaper to fill up monthly

Vehicles	Electricity	Gasoline	Total
Rivian R1T Large Pack Battery	$209	$0	$209
Ford F-150 Platinum Supercrew 4WD	$0	$390	$390

Cost of Ownership

The Rivian R1T Large Pack Battery is $11,912 cheaper to own over 5 Years

Description	Rivian R1T Large Pack Battery	Ford F-150 Platinum Supercrew 4WD
Vehicle	$47,599	$46,127
Maintenance	$3,495	$6,616
Insurance	$11,451	$10,840
Electricity	$12,547	$0
Gasoline	$0	$23,421
Total	$75,091	$87,003

We selected the Ford F-150 Platinum Supercrew 4WD based on its proximity to the Rivian R1T Large Pack Battery based on brand, size, and price.

For more details including charts & calculations, please view this page on a desktop.

Up to $8,000 in tax credits and rebates are potentially available
for the Rivian R1T Large Pack Battery

Tax Credit

Up to $1,000

Federal Alternative Fuel Infrastructure Tax Credit

Customers who purchase qualified residential fueling equipment after January 1, 2023, may receive a tax credit of up to $1,000.

Tax Credit

$7,500

Federal Tax Credit

You may qualify for a credit up to $7,500 under Internal Revenue Code Section 30D if you buy a new, qualified plug-in electric vehicle. The Inflation Reduction Act of 2022 changed the rules for this credit for vehicles purchased from 2023 to 2032.

Tax Credit

Up to $4,000

Federal Used Clean Vehicle Credit

Beginning January 1, 2023, if you buy a qualified used electric vehicle (EV) or fuel cell vehicle (FCEV) from a licensed dealer for $25,000 or less, you may be eligible for a used clean vehicle tax credit. The credit equals 30% of the sale price up to a maximum credit of $4,000. Conditions apply.

Vehicle Financing

California Clean Vehicle Assistance Program Beneficial State Foundation

Beneficial State Bank has committed to providing loans at an 8% interest rate or lower to participants of the Clean Vehicle Assistance Program.

HOV Lane

California High Occupancy Vehicle (HOV) Lane Exemption

Electric vehicles may use HOV lanes regardless of the number of occupants in the vehicle depending on eligibility.

Vehicle Financing

California PACE Loss Reserve Program

The PACE Loss Reserve Program administered by the California Alternative Energy and Advanced Transportation Financing Authority (CAEATFA) works with partners and lenders to support PACE financing for energy or water efficiency and clean energy home improvements. Property owners in a PACE-designated area can use PACE financing for the above home improvements without a down payment and repayment included in their property tax bills. See if a PACE participant serves your county!

Discounted Electric Rate

Turlock Irrigation District DT Domestic PHEV Experimental Rate

TID is offering an experimental schedule to customers for whom Schedule DT applies. Applicants must have a currently registered PHEV or BEV and a recharging outlet on their home premises.

Vehicle Rebates

Up to $400

Turlock Irrigation District EV Charger Rebate

TID is offering customers a $300 rebate who purchase and install a qualifying Level 2 Charger. TID customers enrolled in the CARES program will receive an additional $100 per charger.

Vehicle Rebates

$500

Turlock Irrigation District EV Rebate

TID is offering customers a $500 rebate who purchase a qualifying new or used zero-emission battery electric vehicle. TID customers enrolled in the CARES program will receive an additional $700 per vehicle.