Rivians

Rivian has started a leasing program in 14 US states. The EV maker added the new financing option to its website on Monday (via Electrek), allowing customers to lease R1T electric pickup trucks for estimated prices starting at around $770 monthly (depending on your region). Since vehicle leases are categorized differently from purchases under the Inflation Reduction Act (IRA), lessees qualify for the full $7,500 federal tax credit for electric vehicles.The leasing program will be available to customers in Arizona,…

Rivian has been one of the few EV makers (or automakers in general) to avoid cutting prices. That trend will likely continue. According to Rivian’s CEO, RJ Scaringe, new orders are driving up the average sales price (ASP) on its vehicles. A day after Rivian easily beat Q3 earnings expectations as several of its peers faltered, Scaringe said average selling prices continue to “trend upwards.” In an interview with Bloomberg TV, Rivian’s CEO explained, “There’s an evolution of our average…

The first dual-motor Rivian R1T models are beginning to appear in the R1 shop. Rivian’s electric truck, built with in-house motors, is a “product that does everything for most customers.” Dual-motor Rivian R1T appears in the R1 shop Less than two months after the first dual-motor R1T rolled off the production line at its Normal, IL factory in May, the first models are now available in the R1 shop. The dual-motor model is powered by Rivian’s in-house Enduro drive units. Rivian began…

Shares of Rivian Automotive surged more than 18% on Friday as it continued to rally after the electric vehicle (EV) maker reported better-than-expected quarterly deliveries early this week.Rivian said on Monday it delivered 12,640 vehicles in the second quarter on steady demand from customers, beating market estimates. That result was in line with that of market leader Tesla Inc, which on Sunday reported record quarterly vehicle deliveries fueled by incentives such as prices cuts and U.S. federal credits. The shares of…

In June 2022, Rivian announced it would install a 2.8 megawatt wind turbine at its Normal, Illinois, factory – and the turbine’s final components have now arrived. Rivian has partnered with Charlottesville, Virginia-based Apex Clean Energy to install the new wind turbine. Once it’s online, it will be capable of generating nearly 10 million kilowatt-hours of electricity a year – the equivalent of powering 890 US households. The turbine will be less than 510 feet tall, with white,…

Tesla Supercharger locations are now being integrated into Rivian’s navigation system as part of the automaker’s latest software update. After years of planning and speculation, Tesla finally opened up the first few Supercharger stations to non-Tesla electric vehicles in the US last month. Tesla is integrating what it calls the Magic Dock as a new docking station for its connector on some Supercharger stations. When a Tesla vehicle comes to charge, it acts as a regular docking station for…

Rivian's electric delivery van might not be Amazon-exclusive for much longer. The Wall Street Journal sources claim Rivian is in talks with Amazon to end the exclusivity portion of their 2019 purchase agreement. The EV maker is reportedly unhappy that Amazon ordered 10,000 vans this year, at the low end of a previously mentioned range. The termination would let Rivian boost its sales by courting other customers. The exact terms of the proposed changes aren't available. The talks are continuing, the sources say. We've…

Rivian won't limit its longest-ranged battery pack to the R1T pickup. Founder RJ Scaringe has announced that a configuration with the Max Pack battery and dual-motor all-wheel drive will be available sometime this fall. The company projects a 390-mile range. Crucially, you won't lose the seven-person seating in the process. You can take the whole family on a road trip without as many charging stops as before. The EV maker hasn't mentioned pricing for the Max Pack trim. As Autoblog notes, the option adds $16,000 to the…

Rivian and solar company Clearloop have debuted the first of Rivian’s solar-powered EV chargers in Tennessee. Rivian’s solar-powered EV charger Rivian’s first Waypoints EV charger is in Paris, Tennessee, a city with a population of around 10,000 that’s two hours northwest of Nashville. Rivian’s new Waypoints at Eiffel Tower Park in Paris, at 1020 Maurice Fields Drive, has a J1772 plug. And bonus: It’s right next to a 70-foot replica of the Eiffel Tower that drivers can admire while…

Mr. Chen, a former Tesla Inc. TSLA 7.74% executive who joined Rivian in 2018, spearheaded the company’s state-by-state fight to allow direct-to-consumer sales, a core business strategy for EV-only makers such as Rivian and Tesla that don’t use traditional dealerships to sell cars. He is expected to leave Rivian at the end of February, the company said. His departure comes in the wake of a number of other senior leaders leaving the company in recent months, including its…