[ad_1]
Rivian, the Michigan and California-based electric vehicle startup, revealed pricing for its upcoming R1T pickup and R1S SUV this week. Both vehicles, which were first unveiled in late 2018, are expected to reach customers by summer 2021.
Special “launch” editions of both vehicles will come first, starting with $ 75,000 for the R1T truck and $ 77,500 for the R1S SUV. Both will come with 300 miles of range. A 400-mile battery for the R1T will be available in January 2022, Rivian said.
Initially, the company was only planning a 300-mile R1S, but now intends to release details of a longer-range version of the SUV with five- and seven-passenger seats after it goes into production. Rivian will also advertise a 250 mile range, priced lower than R1T and R1S at that time. The company recently showcased an electric delivery van that it is developing in partnership with Amazon.
These prices represent a slight increase from what the company originally announced in 2018, when it said the R1T will have a base price of $ 69,000 and the R1S will start at $ 72,500. Company vehicles will also be eligible for a federal tax credit of $ 7,500 each.
Rivian’s vehicles will eventually go head to head against potentially heavy hitters like Tesla, General Motors and Ford, as well as new players like Lordstown and Bollinger. Dozens of electric trucks and SUVs are slated for the next few years, thanks to soaring sales in the United States. Automakers tend to make more profit on larger vehicles than sedans, although battery costs tend to push prices up for EVs relative to their gasoline equivalents.
Rivian, which has reaped huge investments from many major players including Amazon, has also unveiled plans for an advanced “hands-free” driver assistance system he calls “Rivian Driver +”.
The system, which will only work on certain highways at first, will allow the vehicle to “automatically steer, adjust speed and change lanes at your request,” says Rivian. Over-the-air software updates will help improve its coverage area and capabilities. But it’s not an autonomous driving system, and “requires your full attention on the road at all times and you shouldn’t be using a handheld device behind the wheel,” the company warns.
[ad_2]
Source link