Rivian Cuts Prices By Adding New R1T And R1S Trim Levels
Pricing for the Rivian R1T and R1S has fallen by $3,100, per Automotive News. The R1T now starts at $71,700 including destination, and the R1S now begins at $76,700. The two qualify for the government’s $3,750 tax incentive, but lessees will benefit from the full $7,500 amount. However, Rivian’s lease program is only available in certain states at the moment.
Rivian also added a new batter option in place of what was the entry-level model. Now, the lineup begins with 270 miles of range, and the new battery (a $3,100 upcharge) produces an estimated 315 miles of range. In essence, all Rivian has done is lower the barrier to entry with a model that uses a smaller battery. The two new options are already shown on Rivian’s configurators as the Standard and Standard+ packs. Frankly, 270 miles of range still sounds like plenty, and Rivian’s tax credit eligibility should further help to entice buyers. Deliveries of the new models are expected to begin in March.
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Chase is an automotive journalist with years of experience in the industry. He writes for outlets like Edmunds and AutoGuide, among many others. When not writing, Chase is in front of the camera over at The Overrun, his YouTube channel run alongside his friend and co-host Jobe Teehan. If he's not writing reviews of the latest in cars or producing industry coverage, Chase is at home in the driver's seat of his own (usually German) sports cars.
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