Rivian, an electric car startup based in Michigan and California, announced the prices of its upcoming R1T pickup truck and R1S SUV this week. The two cars made their debut in late 2018 and are expected to be delivered to customers in the summer of 2021.
Special “release” versions of these two vehicles will be launched, starting at $75,000 for the R1T truck and $77,500 for the R1S SUV. Both will have a range of 300 miles. Rivian said that the 400-mile battery pack for R1T will be available in January 2022.
Initially, the company only planned to use the 300-mile R1
These prices are slightly higher than the prices the company initially announced in 2018, when the company stated that the R1T base price is $69,000 and the R1S price starts at $72,500. The company’s vehicles will also be eligible for a federal tax credit of $7,500 per vehicle.
Rivian’s vehicles will eventually face potential heavy hitters like Tesla, General Motors, and Ford, as well as new players like Lordstown and Bollinger. Thanks to the rapid growth in sales in the United States, dozens of electric trucks and SUVs are planned to be launched in the next few years. Although the cost of batteries tends to push up the price of electric vehicles compared with electric vehicles, automakers tend to make more profits than cars.
Rivian has received huge investments from many major players, including Amazon, and it has also announced a plan called the “hands-free” advanced driver assistance system, which is called “Rivian Driver +”.
Rivian said that the system can only be used on some highways at first, and it will enable the vehicle to “automatically steer, adjust speed and change lanes according to your commands.” Over-the-air software updates will help expand its coverage and capabilities. The company warned that this is not an autonomous driving system, and “needs to be fully focused on the road and should not use handheld devices behind the steering wheel.”