How do I claim the federal EV tax credit using a binding order agreement?
Prior to the signing of the Inflation Reduction Act, Rivian offered existing preorder holders the chance to sign a “binding order agreement” to purchase their Rivian vehicle. For any preorder holders who signed on or before August 15, 2022, we hoped this document would allow them to apply under the prior IRC 30D federal tax credit requirements.
The IRS has now released guidance on how taxpayers with valid written binding contracts signed before August 16, 2022 can claim the original EV tax credit—without restrictions on vehicle MSRP, buyer income, and manufacturing requirements—even if they take delivery of their vehicle in 2023 or later*.
To claim this credit, you can use Form 8936. Here are the Instructions and IRS Guidance.
Unsure what category you fall into?
If you took delivery of your Rivian in 2022, you can apply for the previous IRC 30D federal EV tax credit without needing a binding order agreement.
If you took delivery of your Rivian in 2023 or later AND signed a binding order agreement before August 16, 2022, follow the instructions above to file as part of your 2022 tax return.
The Clean Vehicle Seller Report is a document shared with customers after their delivery which is necessary for tax credit qualification in 2023 or later, but it will not impact 2022 tax amendments.
If you haven’t taken delivery of your Rivian yet AND signed a binding order agreement before August 16, 2022, follow the instructions above once you’ve taken delivery (you’ll have to file an amendment for you 2022 tax return at that time).
For more information, please read the guidance shared by the IRS. As a reminder, Rivian does not guarantee qualification as ultimate eligibility for tax credits is determined by the IRS. We recommend you consult with a tax professional for questions about your specific situation.
*tax return amendments cannot be done indefinitely. Please consult a tax professional for further detail.
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