Rivian on Monday began leasing choose fashions of its all-electric R1T pickup truck, a transfer to increase gross sales and buyer base past early adopters of electrical automobiles.

The corporate mentioned this system is obtainable to prospects in 14 states: Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington.

A Rivian spokeswoman mentioned the automaker is working with its current monetary companion Chase for the leasing program, which she mentioned will increase over time.

“We selected these launch states based mostly on many elements together with the place our prospects are situated and the place leasing is hottest,” she mentioned in an e-mail to CNBC.

Based mostly on the corporate’s web site, leasing is essentially out there on higher-end fashions of the car that may price greater than $90,000.

Leasing has develop into a preferred approach for patrons to check out an electrical car with none long-term dedication. Doing so additionally qualifies a purchaser for a full $7,500 federal tax credit score beneath the Inflation Discount Act, in comparison with the $3,750 that purchasers of Rivian fashions at the moment qualify for.

Leasing is categorized as business enterprise beneath the IRA and subsequently exempt from rules that require the car and battery parts to be made in North America. Most EVs on the market at present don’t qualify for the complete tax credit score due to the place the automobiles or parts are constructed.

“At this time, Rivian launched a brand new approach for patrons to get behind the wheel of a Rivian with the introduction of leasing,” the corporate mentioned in an emailed assertion. “Rivian’s leasing program provides the journey of proudly owning a Rivian with extra flexibility.”

Rivian, earlier this month, raised its manufacturing forecast for the complete 12 months by 2,000 automobiles to 54,000 models on the again of sustained demand.