Rivian Eyes R2 Midsize SUV Ahead of EV Tax Credit Expiration

The electric vehicle maker shifts attention to its upcoming R2 SUV as U.S. EV tax credit phases out.

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Terms & Concepts
  • EV tax credit: A government incentive that reduces the cost of purchasing an electric vehicle by providing a tax reduction to the buyer.
  • R2 midsize SUV: An upcoming sport utility vehicle model from Rivian designed to target the midsize EV market segment.