Rivian offers $3,000 off select EVs to gasoline, hybrid vehicle drivers

Early November typically kicks disconnected nan run-up to nan Black Friday income season, and this twelvemonth Rivian is betting it’s nan cleanable clip to lure gasoline drivers towards its EVs.

If you ain aliases lease a conveyance that runs connected gasoline, which intends moreover a hybrid vehicle, Rivian is fresh to springiness you $3,000 disconnected nan acquisition of 1 of its prime afloat electrical vehicles — nary trade-in required.

The connection from nan Irvine, California-based automaker extends to customers successful nan U.S. and Canada and runs done November 30, 2024. The programme applies to Rivian 2025 R1S aliases R1T Dual Large, Dual Max aliases Tri Max models purchased from R1 Shop.

Rivian’s caller All-Electric Upgrade connection marks a alteration from a previous trade-in program that ran betwixt April and June. There, owners of prime 2018 gas-powered vehicles from Ford, Toyota, Jeep, Audi and BMW could waste and acquisition successful their conveyance and person up to $5,000 towards nan acquisition of a caller Rivian.

This time, buyers of nan R1S aliases R1T Rivian conscionable request to supply impervious of ownership aliases lease of a gas-powered, aliases hybrid vehicle, to person nan discount erstwhile they spot their order.

Rivian is not going to beryllium nan only car shaper offering discounts successful November: Sluggish car income from giants specified arsenic Stellantis, and rising inventories of caller cars owed to improving proviso chains propose automakers and dealerships will beryllium competing to connection large incentives done twelvemonth end.

This follows respective years of constrained proviso pursuing nan Covid pandemic, which led to higher prices successful North America.

According to CarEdge Insights, mean trading prices for cars stay supra what would beryllium called affordable. But prices should proceed improving on pinch rising inventories.

Stellantis brands are entering November pinch nan astir inventory, followed by GM and Ford, according to CarEdge. Toyota and Honda, meanwhile, person nan slightest inventory, meaning they astir apt won’t beryllium nether unit to connection large incentives.