Rivian is giving discount rates up to $5,000 on its EVs — and a year of totally free charging — to consumers eager to trade in their fuel-run vans and SUVs.

The deal, which kicked off April 22, is aimed right at some of the very best-marketing and most ubiquitous gas-run trucks and SUVs on the market these days, which include the Ford F-150, Toyota Tacoma and Jeep Wrangler. Rivian is even likely after German automakers Audi and BMW. The value lower varies between $1,000 and $5,000 based on the model. Rivian is supplying special discounts on 3 R1T pickup truck trims and a person R1S SUV product.

The corporation promoted Monday the “electric up grade offer” in an e mail to prospective consumers as very well as posts on social media. The special discounts occur as demand from customers for high quality and luxurious EVs has softened throughout the field, prompting automakers these kinds of as Ford, Lucid and Tesla to minimize costs. Confronted with unsure demand from customers, a lot of legacy automakers have also pared down strategies to shift their portfolios to only battery-electrical cars. Gas-run autos and hybrids are back en vogue, many thanks to the steady profits and income margins they supply.

Rivian, which is only anticipated to produce about 57,000 EVs in 2024, won’t unseat the most effective-advertising vans on the market place. But the solution could assist it gain above a new batch of consumers.

Only owners of specific gas-powered autos will be eligible for the trade in. Individuals incorporate 2018 or newer Ford F-150 vans, Ford Explorer, Ford Expedition and Bronco, with the exception of the Bronco Sport. Other qualified trade-ins are 2018 or newer Toyota Tacoma, Toyota Tundra, Toyota Highlander, Toyota 4Runner Jeep Grand Cherokee, Jeep Wrangler and Jeep Gladiator. The Audi Q5, Q7 and Q8 as very well as the BMW X3, X5 and X7 also qualify.

The specials applies to prospects who want to lease or purchase a motor vehicle, whilst they should acquire shipping and delivery by June 30. Rivian is also throwing in a calendar year of totally free charging at any Rivian-owned charger in the United States as an extra sweetener. Rivian rapid-chargers, which are branded the Rivian Experience Community, are not practically as plentiful as the Tesla Supercharging community. The firm has installed 433 rapid-chargers at 71 stations, including in Arizona, California, Oregon, Washington, Colorado and alongside the East Coastline. Rivian has also mounted 482 Amount 2 chargers (identified as Waypoints) at 180 life internet sites all over the United States.