Latest news with #RivianR2
Yahoo
15-05-2025
- Automotive
- Yahoo
Rivian's new electric vehicle is slated for 2026. How it could rival Tesla's best-selling SUV
Rivian (NASDAQ: RIVN) is one of the few American car manufacturers aside from Tesla that exclusively produces EVs. The company, led by CEO RJ Scaringe, had one of the world's biggest IPOs in recent history, with shares rising as much as 53% in its Nasdaq debut. The R1T electric full-size pickup truck and R1S full-size electric SUV have impressive specs, but high sticker prices make them unattainable for many drivers. A new Rivian R1T or R1S costs nearly $70,000, which is much more than the average new car price of $49,740, according to Kelley Blue Book. Rivian's new affordable EV could have a better chance at besting the Tesla Model Y (the company's most popular model). Here's why. The Rivian R2 is an upcoming midsize electric SUV that is more affordable and compact than the R1S. The Rivian R1S full-size electric SUV showcased what the company is capable of from a design and engineering standpoint. Now, the R2 can help the Rivian brand become accessible to more American drivers. The upcoming Rivian R2 and R3 electric SUVs will include many of the same tech features and capabilities that earned the admiration of auto enthusiasts. Tesla originally manufactured high-priced performance luxury electric vehicles like the Tesla Roadster. The more affordable Model Y and Model 3 EVs went on to become best-selling models for Tesla, as reported by Hagerty. Will the R2 have the same effect for Rivian as a more affordable alternative to its first models? According to Rivian, the R2 midsize electric SUV will start at around $45,000. It is expected to qualify for the full $7,500 federal electric vehicle tax incentive, bringing its starting price closer to $37,500. You can reserve an R2 electric SUV for just $100. The R3 is "designed with even tighter dimensions and at a lower price point than R2" says Rivian. The American automaker says that models equipped with larger battery packs are capable of over 300 miles of driving range. Rivian's current least powerful battery pack provides 270 miles of driving range, but the standard R2 could have less range as a smaller model. Pre-orders are open but deliveries on the R2 aren't expected to begin until the first half of 2026. So, the market won't see the impact of the R2's arrival until the second half of 2026. That said, anti-Tesla sentiment has been growing due to CEO Elon Musk's involvement with the Trump administration as senior advisor to the president. Tesla sales have experienced a huge international decline, leaving room for competitors to gain momentum. If the Rivian R2 manages to launch without a hitch, it could be a serious rival to the Tesla Model Y in pricing, standard technology, and performance. This article originally appeared on USA TODAY: Will the new Rivian EV rival Tesla's best-selling electric SUV? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
USA Today
15-05-2025
- Automotive
- USA Today
Rivian's new electric vehicle is slated for 2026. How it could rival Tesla's best-selling SUV
Rivian's new electric vehicle is slated for 2026. How it could rival Tesla's best-selling SUV The Rivian R2 is bringing Rivian into the mainstream market. Will it become popular enough to rival the Tesla Model Y? Show Caption Hide Caption Experiencing a Rivian electric joyride at SXSW 2025 Check out Rivian offering an off-roading experience in downtown Austin, Texas. Fox - 7 Austin Rivian's most affordable EV yet is on its way. The Rivian R2 could rival the Tesla Model Y due to growing anti-Tesla sentiment. The Rivian R2 midsize electric SUV is an entry point to Rivian for the average American driver. Rivian (NASDAQ: RIVN) is one of the few American car manufacturers aside from Tesla that exclusively produces EVs. The company, led by CEO RJ Scaringe, had one of the world's biggest IPOs in recent history, with shares rising as much as 53% in its Nasdaq debut. The R1T electric full-size pickup truck and R1S full-size electric SUV have impressive specs, but high sticker prices make them unattainable for many drivers. A new Rivian R1T or R1S costs nearly $70,000, which is much more than the average new car price of $49,740, according to Kelley Blue Book. Rivian's new affordable EV could have a better chance at besting the Tesla Model Y (the company's most popular model). Here's why. What is the Rivian R2? The Rivian R2 is an upcoming midsize electric SUV that is more affordable and compact than the R1S. The Rivian R1S full-size electric SUV showcased what the company is capable of from a design and engineering standpoint. Now, the R2 can help the Rivian brand become accessible to more American drivers. The upcoming Rivian R2 and R3 electric SUVs will include many of the same tech features and capabilities that earned the admiration of auto enthusiasts. Tesla originally manufactured high-priced performance luxury electric vehicles like the Tesla Roadster. The more affordable Model Y and Model 3 EVs went on to become best-selling models for Tesla, as reported by Hagerty. Will the R2 have the same effect for Rivian as a more affordable alternative to its first models? How much does the Rivian R2 cost? According to Rivian, the R2 midsize electric SUV will start at around $45,000. It is expected to qualify for the full $7,500 federal electric vehicle tax incentive, bringing its starting price closer to $37,500. You can reserve an R2 electric SUV for just $100. The R3 is "designed with even tighter dimensions and at a lower price point than R2" says Rivian. The American automaker says that models equipped with larger battery packs are capable of over 300 miles of driving range. Rivian's current least powerful battery pack provides 270 miles of driving range, but the standard R2 could have less range as a smaller model. When can you get the Rivian R2 electric SUV? Pre-orders are open but deliveries on the R2 aren't expected to begin until the first half of 2026. So, the market won't see the impact of the R2's arrival until the second half of 2026. That said, anti-Tesla sentiment has been growing due to CEO Elon Musk's involvement with the Trump administration as senior advisor to the president. Tesla sales have experienced a huge international decline, leaving room for competitors to gain momentum. If the Rivian R2 manages to launch without a hitch, it could be a serious rival to the Tesla Model Y in pricing, standard technology, and performance.
USA Today
25-04-2025
- Automotive
- USA Today
Slate EV to take on Elon Musk's Tesla; what to know about the Jeff Bezos-backed EV
Slate EV to take on Elon Musk's Tesla; what to know about the Jeff Bezos-backed EV Show Caption Hide Caption How long does it take to charge an EV? Here's a complete guide. How long does it take to charge an electric vehicle? Breaking down the numbers. There is a new entry in the tightening electric vehicle market, as the budget-friendly, Jeff Bezos-backed Slate EV will soon be available for purchase. But is Bezos' Slate any good? Here's what the Slate looks like, how much it costs and when you can buy one. What does the Jeff Bezos-backed Slate EV look like? At its core, the Slate EV is a two-door pickup that can be transformed into an SUV. Slate officials said the new EV was designed in California and Michigan, and assembled in the midwest using domestically-sourced parts. Make America gas again: How Trump's trade war with China impacts the global EV race MotorTrend released an in-depth look at the Slate EV on its YouTube channel. How much does the Slate cost? According to its website, the Slate EV pickup will run you roughly $20,000, which is about $20,000 less than a Rivian R2 and Elon Musk's Tesla Model 3. For that $20,000, you get a 150KW single rear-mounted motor; a standard battery with an estimated 150-mile range; a five-foot truck bed; backup camera; and forward collision warning. The battery in the Slate is said to fully charge in up to eight hours, but could reach an 80% charge level in 30 minutes. That bargain price does mean the Slate comes without the bells, whistles and infotainment technology you may be looking for. The Slate has no infotainment panel, and Bluetooth is not available. Instead, you are supposed to bring your own devices to provide the infotainment while driving the Slate. The Slate comes with brackets to hold your phone, tablet and Bluetooth speaker. As such, the Slate does not come equipped with either Android Auto nor Apple's CarPlay. The Slate itself is about the size of a 1985 Toyota SR5 Pickup and about half the size of a Chevrolet Silverado EV, officials said. How to reserve a Slate You can reserve a Slate now for $50, but you won't be able to lease it when it becomes available. Slate hasn't announced when actual vehicles will be ready for purchasing, but the Slate will be delivered to your door when they do become available. Damon C. Williams is a Philadelphia-based journalist reporting on trending topics across the Mid-Atlantic Region.
Yahoo
25-04-2025
- Automotive
- Yahoo
Slate EV to take on Elon Musk's Tesla; what to know about the Jeff Bezos-backed EV
There is a new entry in the tightening electric vehicle market, as the budget-friendly, Jeff Bezos-backed Slate EV will soon be available for purchase. But is Bezos' Slate any good? Here's what the Slate looks like, how much it costs and when you can buy one. At its core, the Slate EV is a two-door pickup that can be transformed into an SUV. Slate officials said the new EV was designed in California and Michigan, and assembled in the midwest using domestically-sourced parts. Motor Trend released an in-depth look at the Slate EV on its YouTube channel. According to its website, the Slate EV pickup will run you roughly $20,000, which is about $20,000 less than a Rivian R2 and Elon Musk's Tesla Model 3. For that $20,000, you get a 150KW single rear-mounted motor; a standard battery with an estimated 150-mile range; a five-foot truck bed; backup camera; and forward collision warning. The battery in the Slate is said to fully charge in up to eight hours, but could reach an 80% charge level in 30 minutes. That bargain price does mean the Slate comes without the bells, whistles and infotainment technology you may be looking for. The Slate has no infotainment panel, and Bluetooth is not available. Instead, you are supposed to bring your own devices to provide the infotainment while driving the Slate. The Slate comes with brackets to hold your phone, tablet and Bluetooth speaker. As such, the Slate does not come equipped with either Android Auto nor Apple's CarPlay. The Slate itself is about the size of a 1985 Toyota SR5 Pickup and about half the size of a Chevrolet Silverado EV, officials said. You can reserve a Slate now for $50, but you won't be able to lease it when it becomes available. Slate hasn't announced when actual vehicles will be ready for purchasing, but the Slate will be delivered to your door when they do become available. Damon C. Williams is a Philadelphia-based journalist reporting on trending topics across the Mid-Atlantic Region. This article originally appeared on Asbury Park Press: Jeff Bezos launches EV to challenge Musk's Tesla; here's how to get it
Arab News
16-04-2025
- Automotive
- Arab News
Lucid says it is on track to enter midsize electric SUV market next year
RIYADH: Lucid is on track to launch its midsize electric SUV in 2026, company executives said on Tuesday, as the EV maker looks to tap an increasingly competitive segment dominated by rival Tesla's bestselling Model Y crossover. 'There are a lot of crazy things going on in the world that can affect that (timeline). But currently we are on track,' said Derek Jenkins, senior vice president at Lucid. The company targets a $50,000 price point, which will pit the model against contenders such as the Ford Mustang Mach-E, Hyundai Ioniq 5 and the upcoming Rivian R2. Teams at Lucid have been preparing assembly lines and working with vendors to move ahead with the launch, said Emad Dlala, senior vice-president at the electric-vehicle maker. TARIFF IMPACT Lucid is not immune to the Trump administration's tariffs but is working to mitigate its effects, interim CEO Marc Winterhoff told Reuters. While the EV maker does not plan any price hikes, it has signed agreements with battery cell and graphite suppliers to bring production to the US, Winterhoff said. 'We have those agreements already. The plants are being built right now, so it's not something that we can switch on today, but it's in the near future,' he said. Former Tesla engineer Peter Rawlinson, who was the CEO of Lucid for more than five years, resigned in February. The company, backed by Saudi Arabia's sovereign wealth fund PIF, plans to launch the less-expensive Touring variant of the Gravity SUV later this year, starting at $79,900. It expects strong demand for the premium model to help double its 2025 vehicle production to around 20,000 units. Lucid started producing its Gravity SUV at its Arizona factory last year, with customer orders for the Grand Touring trim opening in November.
