We have the latest Rivian lease prices now that the federal EV tax credit has ended

Federal EV tax credits for new and used purchases and leases ended September 30, 2025, and we are now left to see how the market will respond. As of October 1, Rivian has updated lease prices for all trims of its R1 EVs – some are now less expensive, while others are more expensive. See how it all breaks down below.

As promised by the current administration, the $7,500 federal tax credit for certain EV purchases has completely ended (cue the collective “boo”). It was a good run while it lasted, and many US consumers were able to more easily go all-electric thanks to those incentives.

Where do we go from here?

While some automakers (mostly those in Japan) have significantly dialed back electrification strategies, others are pushing forward. Better yet, BEV-only automakers like Lucid Motors are extending the $7,500 credit themselves.

Not all Rivian prices previously qualified for federal tax credits, but the American automaker still offered plenty of lease and purchase incentives of its own and continues to do so. However, with the tax credit now a fleeting memory, my first thought was how much it would affect lease prices at Rivian, for instance, so I looked into it.

As of today, some Rivian lease prices are significantly less expensive, while others have been increased. It all depends on what trim you’re looking for.

Rivian lease prices as of October 1, 2025

With tax incentives in the rearview, it will be up to individual EV automakers to offer lease and purchase deals on their models. As we previously covered, Rivian was offering customers excellent lease incentives until the witching hour of September 30, 2025.

A day later, we are navigating a world without those government perks (or any government at all due to a looming shutdown). However, there is a bright side – Rivian leases are still available, and the prices of some variants have actually gone down.

As promised, here are the current lease prices for the 2025 Rivian R1S and R1T trims, effective October 1. We’ve also included the previous price as of September 30, for comparison. Note that all numbers are starting prices with all standard included components – zero upgrades.

There you have it. The highest hike in lease prices we’re seeing is on the Tri Motor version of the Rivian R1T. There are still plenty of deals coming from Rivian in the future as the American automaker continues to grow and expand its lineup.

You can learn more about lease and purchase incentives from the Rivian team after scheduling a test drive if you haven’t done so yet. See if you can get behind the wheel of an upcoming R2 and let me know what you think!