Rivian Drops Most Affordable Version Of Electric Truck, Raising Base Price Up To $6,000

Rivian will sell the most affordable versions of its R1S electric SUV and R1T electric pickup truck, effectively raising the base price of both vehicles by up to $6,000.

Via Email to Subscriber — Get green car report From Rivian – The EV maker said it’s canceling the base Explore Package, which started at $68,575 for the R1T and $73,575 for the R1S (both including a $1,075 destination fee). Prices may vary depending on the time of reservation, but Explore Package loss applies to existing reservation owners and new orders.

2023 Rivian R1S

Rivian says customers can cancel their order or switch to the Adventure Package, which starts at $74,075 for the R1T and $79,075 for the R1S. If you take an Adventure Package, you will pay the increased price determined when you originally placed your order, but if you cancel, you will receive a refund of your deposit.

Additionally, those who ordered the Ocean Coast interior have been asked if they would accept the update to replace it with dark stained wood. Rivian will introduce a new version of the packaging later this year, and will also add a wrapped vegan leather instrument panel.

Rivian R1S with improved Ocean Coast interior

Rivian R1S with improved Ocean Coast interior

Rivian R1S with improved Ocean Coast interior

This change applies to both R1T and R1S. Customers must reconfigure or cancel their pre-orders by September 1st.

In an email, Rivian said it was canceling the Explore Package due to low demand, adding that this would help speed up delivery.

“So far, very few customers have opted for this configuration, with the majority opting for Adventure trim,” the email said. “By focusing on the Adventure trim package, we are able to streamline our supply chain and ultimately deliver vehicles faster.”

A Rivian spokesperson said they do not intend to analyze that percentage.

2022 Rivian R1T

However, Rivian confirmed GCRMore A revised EV tax credit enacted this week had no impact on the decision.

This isn’t the first time Rivian has surprised pre-orderers with a price hike.The company has raised prices across the board this year Up to $12,000 but then backlash From our customers, we have returned to the original price for customers who have already booked.

The price increases that apply to new customers are: Didn’t slow down the pace of booking The company has obtainedit is partially the track is so goodwith impressive off-road capabilities and on-road driving dynamics.

Rivian laid off 6% of its workforce last month and reported a net loss of $1.7 billion in the second quarter of 2022, but still plans to ramp up production.scheduled to open Second plant in Georgia In 2024, a second R2 model line will also be built.

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With additional report by Bengt Halvorson

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