Rivian raises R1T and R1S electric truck prices up to $12,000, adds dual-engine versions
Rivian on Tuesday raised the price of its four-engine truck by $12,000 and dashed hopes of expected lower-priced models, blaming supply problems and component costs.
So far, the base price is $68,575 for R1T . electric pickup and $73,575 for The R1S electric SUV (both include $1,075 delivery fee). Excluding the dual-motor models that will be released later, the base price of the two models climbs to $80,575 and $85,575, respectively.
With a nearly 20% boost to the R1S, it’s a repositioning product and now puts that model at a higher price point. BMW iX and Audi E-Tron—Models with luxury badges.
2022 Rivian R1T
Rivian’s diversion to terrible price hikes: The introduction of unmodified, dual-engine versions with the smaller Standard package, offering “260+ miles,” according to Rivian. These lawn mowers are essentially the same price as the four-engine, Large pack variants (314 or 316 miles), albeit with a delivery date pushed out to 2024.
The company explained in a statement that recalibration is a matter of supply chain and rising component costs.
Rivian chief growth officer, Jiten Behl, said: “Like most manufacturers, Rivian is facing inflationary pressures, rising component costs, and shortages and delays. unmatched for parts (including semiconductor chips). “The increase in cost and complexity due to these challenging circumstances necessitates an increase in the prices of the R1T and R1S models we offer today — the initial price set in 2018.”
Behl added that the price increase “will allow us to continue to offer competitive products that maintain the high standards of quality, performance and capabilities that our customers expect and deserve from Rivian. ”
Carbon conscious camp in Canvas with Rivian Waypoint charger – Moab
The price adjustment will apply to all customers except those who are in the final step of the translation or are marked as complete.
In December, Rivian told customers with 400 Mile Max Pack orders to wait another year, until 2023, for delivery. Notably, the higher prices for the Max pack models are still $10,000 more than the Big pack. Some product versions alone, at least for now, have disappeared from configuration — like the five-passenger version of the R1S.
In a subsequent email to customers, RJ CEO Scaringe said that they would prioritize building the Adventure Pack version with the Big Bundle in 2022.
For now, the company has yet to provide further details on the dual-engine model. Although it did reveal some component images of the propulsion system in those models.
Rivian R1T . dual-engine AWD chassis
Rivian Dual Engine Components
Rivian Dual Engine Components
Rivian announced in January that by 2021 it has produced 1,015 vehicles and delivered 920. The company’s last update on pre-orders was on December 15, when it had around 71,000 units.
The company manufactures three trucks — the R1T, R1S, and the EDV delivery truck — at its plant in Normal, Illinois. In December, it announced a second manufacturing plant, in Georgia.
Construction of the Georgia facility will begin in the summer of 2022, with a goal of starting production in 2024. It will be capable of producing up to 400,000 vehicles a year once ramped up, while the plant is in Illinois can produce about 150,000 vehicles per year.
