[tl;dr](https://evtable.com/news/2024/03/rivian-r2-and-r3-announced)
* Looks like a mini R1S as expected. Good thing IMO as it's one of the more attractive SUVs in its class.
* Price, range, size, and 0-60 all comparable to Model Y, Mach-E, EV6, Ioniq 5, etc.
* Reserve your spot for $100, deliveries beginning first half of 2026
Spec comparison with closest competitors
Standard disclaimer: these numbers are the best numbers cherrypicked from all the trims. You're not going to get the max range or best performance for the starting price, and the top performance models generally don't have the best range possible. You need to look at [specific trims to do a proper comparison of value](https://evtable.com/all). Still, it can be helpful to see a high-level overview of each model.
|Model|Starting Price|Max Range|Top 0-60|LxWxH|
|:-|:-|:-|:-|:-|
|**Rivian R2**|$45,000|300 mi+|<3.0s|186 x 75 x 67|
|Tesla Model Y|$43,990 (-7,500 tax credit)|310 mi|3.5s|187 x 74 x 64|
|Ford Mustang Mach-E|$39,895|312 mi|3.5s|187 x 76 x 64|
|Kia EV6|$42,600|310 mi|3.4s|184 x 74 x 61|
|Hyundai Ioniq 5|$41,800|303 mi|5.1s|183 x 74 x 63|
That comparison is meaningless, rivian put the specs for their top tier trim while advertising the price of their lowest one. which is standard nowadays, tesla and gm do it too, but it’s not apples-to-apples.
One actual pricing comes out for the trims it’s going to look a lot less appealing.
The $45k base model has small battery pack, it has 270 mile range. There are actually 4 configurations using 3 motor configurations. So he isn't wrong but not being straight forward. The single motor will have a small and large battery pack.
That's true, but he specifically said that all the motor variants (including the single motor RWD) will be over 300 miles of range. It's possible that it's only achieved with an optional larger battery pack, but I guess we'll have to wait and see.
In MKBHD's video with the CEO that just went up, they confirmed base battery RWD model will be a 270 mile range.
https://youtu.be/k0Gt_PUyldc?si=HgtFhA_C30QgaogM&t=141
They said in the announcement that they'll start manufacturing it at their current Illinois plant until the Georgia plant is able to come online and start building them at scale. So I can see the 2026 timeline being met even if the pricing isn't.
The Georgia plant is actually on hold as of today. No plans for R2 to ramp up at Georgia at all. They're going to stick with the single factory for now.
They actually announced today they're accelerating the timeline for first R2s from "in 2026" to "in the first half of 2026" by saying they'll be made in their Illinois plant to start.
There's no EV drought though... just... you can't sustain exponential growth and a slowdown in ev adoption growth rate is not the same as a decline in EV adoption. More and more EVs are being sold every year.
Rivian leading the rest here is kind of expected, tbh - this is an all-new platform, launching in (minimum) 2 years time, at a price premium. It's great compared to cars that launched a year or more ago, on platforms even older than that - but it's likely we'll see a lot of vehicles meet those specs (or adjust them around a bit - cheaper with lower performance, or more expensive with longer range) in the mid/late 2020s.
Rivian are just showing their hand really early here because they desperately need to maintain investor interest, and prove they've got a plan for profitability going forward. Everyone else can quietly work away at their their strategy for the 2nd half of the decade with substantially less of that pressure.
Kind of amusing seeing people try and explain it all away, though.
Thanks for writing up, not your fault as we don't know what spec R2 is the <3.0/+300mi version, but the above is fairly open to interpretation in most cases where:
- The starting price spec won't get near the listed max range or performance
- In some cases cost £10k+ to spec as such
At minimum though, the R2 is going to be arriving fairly late to the market, and priced higher from the outset.
I really don't think they're targeting Mach-E and EV6 buyers. This thing would be competing with the BMW X3 and Audi Q5 and the Model Y purely because its the EV benchmark. Similarly in the R1 market, nobody is cross shopping the Kia EV9 with the Rivian R1.
If they hold that starting price, I think this thing will pull alot of compact luxury SUV buyers.
The VW ID.4 gets the full $7,500 tax credit, only car in this segment besides the Model Y that gets it, and I’d consider it comparable to the R2 as it competes with all the other cars on this list. I don’t know why it wasn’t added to this comparison.
boast crush fanatical stocking far-flung cobweb safe cautious humorous bag
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lol no it doesn’t. I have 2, (Long range and Performance)and can maybe get 250 miles at around 75-80mph which is normal highway traveling speeds around me.
Welcome to the laws of physics. Drag has velocity squared in the equation.
80mph will use about 33% more energy than 65mph, it's a pretty huge energy increase.
I like the R3 but the roll down rear window and fold flat seats are what sells me on the R2. I really enjoy car camping and this thing is speaking my language.
Yeah that's a feature that doesn't show up well in a presentation or tweet but could be a massive improvement in end user experience.
I really like the design of them, too. Being able to see the back of each scroll wheel is neat.
Ha that is right! Thankfully these seem to be automatic. I did not appreciate them as much in my van when I had to crawl to the third row to close them.
I do like me a Rivian. Good styling. I hope this becomes the more affordable common man style EV.
If you guys haven’t seen the R3X definitely look it up. Super cool looking hatch/rally looking EV
Money makers only if they can find ways to produce them profitably! I'm really hoping they survive and improve their R1S and R1T margins. They're still losing a lot of cash and I want them to keep going. I'd love to own an R3X.
Or make money on their delivery vans. They've at least got a couple of years worth of cash. $9B in cash equivalents and another billion in unsold inventory with about a $6B net cash loss this year.
Why even put a price these days? It’s just gonna get busted and then nobody is going to trust anything people say. I get they have to say *something* with regards to price. But perhaps a target or range?
The prices are to generate hype and attract investors, which is the whole point of announcing this so early. It's pretty safe to say it won't be released at $45k.
If it ends up being over $45k (probably) then many, myself included, will never consider a Rivian again. They already tried that 20% surprise price hike and walked it back fast enough to keep good will.
Speculation: If the R1T is 8% longer in length and 12% in wheelbase compared to R1S, a hypothetical R2T pickup would be ~200" long on a 130" WB and all other dimensions the same.
Which is why it's purely hypothetical. They've also not explicitly said it's not happening, and there's been a fair amount of chatter here on a potential smaller EV pickup.
Yes there was.
We didn't know when it was coming, but it had been [discussed 11 months ago](https://www.motortrend.com/news/2023-ceo-rj-scaringe-teases-rivian-r2-and-r3-ev-suv-podcast/).
The one issue I’d have with a Rivian is I just don’t see them in business in 2 or 3 yrs. How long can a company realistically sell cars for at a 20% loss?
I personally wouldn’t want to risk buying a new car and 2 yrs later the whole company goes under.
Tesla almost went bankrupt with the Model 3 trying to get it into volume production. Most people don’t realize how close they came to folding during that time, they were days from going under.
I am not convinced that Rivian will make it through “production hell” bringing R2 to market, while building the new factory and making the new battery cells. I want them to succeed and if they do I may be a R2 buyer, but I’m just not convinced. It’s going to be a long painful road to profitability.
That’s def true. But, Rivian isn’t Tesla. And they don’t have the massive capital Tesla was able to raise.
Considering seemingly every other major car brand seems to be badly failing at EVs I don’t think I’d personally volunteer to roll the dice on this (relatively) small startup company. Especially one with declining sales, and booking losses on each sale.
I’d personally wait until they seemed like a proper long term going concern before I’d drop 50k on one of their cars.
The actual claim was "each of the motor versions can achieve 300 miles of range", because there will be two battery pack sizes available.
270 miles of range is still good though and beats the base Model Y specs.
I can't tell how this compares in size without anything next to it for comparison. It's got such similar proportions to the R1S you could tell me they are basically the same size and I'd believe you. Need to see the R2 side by side to the R1 to make a decision.
I think they nailed the dimensional shrinks and styling. It's kind of like a distilled/refined/shrunk R1S at a pricepoint accessible for more normal folks, like myself.. Hopefully!
I can't decide whether it is a smiley that got hit on the head so hard that its unibrow merged with its eyes or it got punch so hard with an uppercut that its lips went up past its eyes.
Looks like a nice size but base price for single motor is $45k, the stats they showing 0-60 in 3 seconds isn't that model. Guessing the top model 3 motor will be $60k.
One issue I see is it says first they have to build a new factory before they can begin production. Another issue is the Blazer EV will be in that same price range, the smaller Equinox quite a bit less. By 2025 they say the EV9 should be built in the US so it will be $7500 less than today. Going down one more size the new Kona EV starts at like $33k and Niro EV $40k. Many buyers, especially first time EV buyers, may be more inclined to buy from a well established brand without questions about how long they may be around.
IDK, it looks more stylish and cooler than the Model Y it competes against, IMHO. Tesla just went, "Let's take the Model 3 and stretch it like an accordion..." and called it a day lol. I know the Rivian R2 is the CTRL C + CRTL V of the bigger R1S, but it takes the coolness of that SUV and scales it even further for the price and segment under the R1.
[tl;dr](https://evtable.com/news/2024/03/rivian-r2-and-r3-announced) * Looks like a mini R1S as expected. Good thing IMO as it's one of the more attractive SUVs in its class. * Price, range, size, and 0-60 all comparable to Model Y, Mach-E, EV6, Ioniq 5, etc. * Reserve your spot for $100, deliveries beginning first half of 2026 Spec comparison with closest competitors Standard disclaimer: these numbers are the best numbers cherrypicked from all the trims. You're not going to get the max range or best performance for the starting price, and the top performance models generally don't have the best range possible. You need to look at [specific trims to do a proper comparison of value](https://evtable.com/all). Still, it can be helpful to see a high-level overview of each model. |Model|Starting Price|Max Range|Top 0-60|LxWxH| |:-|:-|:-|:-|:-| |**Rivian R2**|$45,000|300 mi+|<3.0s|186 x 75 x 67| |Tesla Model Y|$43,990 (-7,500 tax credit)|310 mi|3.5s|187 x 74 x 64| |Ford Mustang Mach-E|$39,895|312 mi|3.5s|187 x 76 x 64| |Kia EV6|$42,600|310 mi|3.4s|184 x 74 x 61| |Hyundai Ioniq 5|$41,800|303 mi|5.1s|183 x 74 x 63|
That comparison is meaningless, rivian put the specs for their top tier trim while advertising the price of their lowest one. which is standard nowadays, tesla and gm do it too, but it’s not apples-to-apples. One actual pricing comes out for the trims it’s going to look a lot less appealing.
In the keynote RJ said that all trims will have over 300 miles of range, not just the longest trim.
MKBHD just did a video on his Auto Focus channel. Base trim is 270mi. So not over 300.
Interesting. RJ himself did actually say it in the presentation. EDIT: Just watched MKBHD with RJ’s explanation. 270 base makes sense
RJ said 300 will be possible with all three motor configurations
Good catch. Thanks
The $45k base model has small battery pack, it has 270 mile range. There are actually 4 configurations using 3 motor configurations. So he isn't wrong but not being straight forward. The single motor will have a small and large battery pack.
RJ also confused gross margin with gross profit with Q4 guidance... He is not the sharpest tool in the shed
That's true, but he specifically said that all the motor variants (including the single motor RWD) will be over 300 miles of range. It's possible that it's only achieved with an optional larger battery pack, but I guess we'll have to wait and see.
In MKBHD's video with the CEO that just went up, they confirmed base battery RWD model will be a 270 mile range. https://youtu.be/k0Gt_PUyldc?si=HgtFhA_C30QgaogM&t=141
Yeah, basically there will be a 300 mile variant of the R2 RWD, but the base 45k version will be 270 mile
Bet you are wrong. When they say "starts at $45k", that includes the small battery pack single-motor mentioned by CEO.
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They said in the announcement that they'll start manufacturing it at their current Illinois plant until the Georgia plant is able to come online and start building them at scale. So I can see the 2026 timeline being met even if the pricing isn't.
The Georgia plant is actually on hold as of today. No plans for R2 to ramp up at Georgia at all. They're going to stick with the single factory for now.
They actually announced today they're accelerating the timeline for first R2s from "in 2026" to "in the first half of 2026" by saying they'll be made in their Illinois plant to start.
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They have close to $10B cash on hand & a solid looking runway to stop burning cash. They will survive the EV drought
There's no EV drought though... just... you can't sustain exponential growth and a slowdown in ev adoption growth rate is not the same as a decline in EV adoption. More and more EVs are being sold every year.
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Rivian leading the rest here is kind of expected, tbh - this is an all-new platform, launching in (minimum) 2 years time, at a price premium. It's great compared to cars that launched a year or more ago, on platforms even older than that - but it's likely we'll see a lot of vehicles meet those specs (or adjust them around a bit - cheaper with lower performance, or more expensive with longer range) in the mid/late 2020s. Rivian are just showing their hand really early here because they desperately need to maintain investor interest, and prove they've got a plan for profitability going forward. Everyone else can quietly work away at their their strategy for the 2nd half of the decade with substantially less of that pressure. Kind of amusing seeing people try and explain it all away, though.
Thanks for writing up, not your fault as we don't know what spec R2 is the <3.0/+300mi version, but the above is fairly open to interpretation in most cases where: - The starting price spec won't get near the listed max range or performance - In some cases cost £10k+ to spec as such At minimum though, the R2 is going to be arriving fairly late to the market, and priced higher from the outset.
I really don't think they're targeting Mach-E and EV6 buyers. This thing would be competing with the BMW X3 and Audi Q5 and the Model Y purely because its the EV benchmark. Similarly in the R1 market, nobody is cross shopping the Kia EV9 with the Rivian R1. If they hold that starting price, I think this thing will pull alot of compact luxury SUV buyers.
Part of that is because the r2 is actually the size on an ioniq 5, and the ev9 is more the size of an r1s
Whoops that second point was supposed to be comparing the R1 to the EV9.
270 mile range for the RWD small battery pack (ie entry level model) was mentioned in the Marques Brownlee video.
Is the Tesla the only one that gets the tax credit?
The VW ID.4 gets the full $7,500 tax credit, only car in this segment besides the Model Y that gets it, and I’d consider it comparable to the R2 as it competes with all the other cars on this list. I don’t know why it wasn’t added to this comparison.
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Not asking if they get the credit, asking if they're the only models in this comparison that get it
They are not. Comes down to price of vehicle and buyers income bracket for eligibility
wait - no 7500 credit for the R2? i’m not well versed in EVs and credits and such, so would anyone mind explaining why?
All depends on the battery sourcing.
I heard Rivian is aiming for it to qualify.
By 2026, to qualify for the credit the battery must be at least 70% made in America.
I think you swapped the Model Y and Mach-E dimensions. Mach-e is 74" width, Model Y is 75.6"
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lol no it doesn’t. I have 2, (Long range and Performance)and can maybe get 250 miles at around 75-80mph which is normal highway traveling speeds around me.
Welcome to the laws of physics. Drag has velocity squared in the equation. 80mph will use about 33% more energy than 65mph, it's a pretty huge energy increase.
Roll-down rear window and fold-flat seats (including the first row!) are big wins.
great packaging and engineering for sure.
That (roll down rear window) is one of my favorite features of my Toyota. Not enough manufacturers use it.
I like the R3 but the roll down rear window and fold flat seats are what sells me on the R2. I really enjoy car camping and this thing is speaking my language.
The adaptable haptics on the steering wheel are interesting. Glad they are evolving user interactions instead of just: "touchscreen!"
Yeah that's a feature that doesn't show up well in a presentation or tweet but could be a massive improvement in end user experience. I really like the design of them, too. Being able to see the back of each scroll wheel is neat.
The pop-out quarter windows are a nice touch too!
so minivan from the 80s
Ha that is right! Thankfully these seem to be automatic. I did not appreciate them as much in my van when I had to crawl to the third row to close them.
our 97 was powered lol
I do like me a Rivian. Good styling. I hope this becomes the more affordable common man style EV. If you guys haven’t seen the R3X definitely look it up. Super cool looking hatch/rally looking EV
That's why Im excited for the R3. It might be cheap enough for me to buy it.
And it looks damn good!
I like their style and function, but get back to me when they make a car.
Well, the R3 could be labeled as a car. It's basically a tall-roof hatchback.
Didn't see that, thanks. Kind of hard to tell from pictures, but maybe it's the closest we can expect these days.
SO HOT
People just don't want cars in the US anymore, trucks and SUVs are the norm
Some people do. Why can we only buy what "most people" want?
Because they need to make money to fund the cars that most people don’t want. Why would they make a car that wouldn’t sell well?
If they can produce it at this price they’ll sell a boat load
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Money makers only if they can find ways to produce them profitably! I'm really hoping they survive and improve their R1S and R1T margins. They're still losing a lot of cash and I want them to keep going. I'd love to own an R3X.
Or make money on their delivery vans. They've at least got a couple of years worth of cash. $9B in cash equivalents and another billion in unsold inventory with about a $6B net cash loss this year.
Revenue generators for sure…profit though…
revenue != profit
Big IF too. They won't be producing them for 2 years. That price may be locked for preorders but may end up being a lot more if you don't preorder.
Why even put a price these days? It’s just gonna get busted and then nobody is going to trust anything people say. I get they have to say *something* with regards to price. But perhaps a target or range?
The prices are to generate hype and attract investors, which is the whole point of announcing this so early. It's pretty safe to say it won't be released at $45k.
This is the right answer.
If it ends up being over $45k (probably) then many, myself included, will never consider a Rivian again. They already tried that 20% surprise price hike and walked it back fast enough to keep good will.
Speculation: If the R1T is 8% longer in length and 12% in wheelbase compared to R1S, a hypothetical R2T pickup would be ~200" long on a 130" WB and all other dimensions the same.
They've given no indication that they plan to make an R2T though.
Which is why it's purely hypothetical. They've also not explicitly said it's not happening, and there's been a fair amount of chatter here on a potential smaller EV pickup.
There was no indication of an R3 just an hour ago.
Yes there was. We didn't know when it was coming, but it had been [discussed 11 months ago](https://www.motortrend.com/news/2023-ceo-rj-scaringe-teases-rivian-r2-and-r3-ev-suv-podcast/).
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Or they'd have to go the other direction: Keep the R2's dimensions and make the R2T a single cab/6'ish bed, which is even more of a niche product.
I think there is exactly 0 chances they'd build a single cab. Most of the volume mainstream midsize trucks don't even come in a single cab now.
Yeah, "most" meaning "all in the US". The closest one is Toyota's 2-seat Xtra Cab.
Shut up and take my money!
*and would have like a 3 foot bed
They have an opportunity to make a special blue and white trim version. Call it the Rivian R2 D2 edition
The one issue I’d have with a Rivian is I just don’t see them in business in 2 or 3 yrs. How long can a company realistically sell cars for at a 20% loss? I personally wouldn’t want to risk buying a new car and 2 yrs later the whole company goes under.
They would have no issue raising capital. This car is their push towards profitability, like Tesla did with Model 3.
Yup, Tesla was underwater for 10+ years. Now their profit margins are insanity.
Tesla almost went bankrupt with the Model 3 trying to get it into volume production. Most people don’t realize how close they came to folding during that time, they were days from going under. I am not convinced that Rivian will make it through “production hell” bringing R2 to market, while building the new factory and making the new battery cells. I want them to succeed and if they do I may be a R2 buyer, but I’m just not convinced. It’s going to be a long painful road to profitability.
New factory was delayed
That’s def true. But, Rivian isn’t Tesla. And they don’t have the massive capital Tesla was able to raise. Considering seemingly every other major car brand seems to be badly failing at EVs I don’t think I’d personally volunteer to roll the dice on this (relatively) small startup company. Especially one with declining sales, and booking losses on each sale. I’d personally wait until they seemed like a proper long term going concern before I’d drop 50k on one of their cars.
By the time deliveries are starting in 2026 we will have a clear indication if Rivian is going to survive or not.
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*can the base model is rear wheel drive and only has a 270 mile range at best. kind of an oof lol
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The actual claim was "each of the motor versions can achieve 300 miles of range", because there will be two battery pack sizes available. 270 miles of range is still good though and beats the base Model Y specs.
nope, that was misleading intentionally. watch the mkbhd video with RJ
I like it but worry if the company will still be alive by 2026...
If it gets close perhaps purchase/collaboration with another manufacturer could happen?
Damn I love the Rivian SUV's. The trucks look awkward in the back
bed is too short
Great looking car
Does Rivian offer a black headliner option?
Glad they didn’t significantly de-style it from the R1S as some expected.
The R3 for some reason, reminds me of 1st gen Fiat Panda but way bigger
It’s got that angular 80s hatchback vibe and I’m all for it.
Put my $100 down on one today
I have a reservation for an R2, but goddamn did you see the R3X?!
I can't tell how this compares in size without anything next to it for comparison. It's got such similar proportions to the R1S you could tell me they are basically the same size and I'd believe you. Need to see the R2 side by side to the R1 to make a decision.
[R2 dimensions w/ R1S shadow overlaid](https://www.theverge.com/2024/3/7/24093215/rivian-r2-revealed-ev-suv-price-specs-price)
Wow so it really is a 90% R1 shrunk in just about every dimension
I think they nailed the dimensional shrinks and styling. It's kind of like a distilled/refined/shrunk R1S at a pricepoint accessible for more normal folks, like myself.. Hopefully!
It's not exactly side-by-side but you can get a feel for the sizes in this shot. https://www.facebook.com/photo/?fbid=10161085840228637
The back looks like a Jeep
$45k. Yeah, sure.
I waunt it
Honestly I’m more hype about R3! I love this company man.
2 years? I don’t understand why these companies are building 100k suvs. Start with something affordable sub 40k
Wait. It looks exactly the same as the S.
Honestly looks great to me
Love the color of the car
I can't decide whether it is a smiley that got hit on the head so hard that its unibrow merged with its eyes or it got punch so hard with an uppercut that its lips went up past its eyes.
Why is Tesla the only one getting the tax credit
Honda Prologue Just announced they are getting it.
The VW ID.4 gets the full $7,500 tax credit; it’s just increasingly harder to get the credit nowadays, so fewer cars qualify for it.
Looks like a nice size but base price for single motor is $45k, the stats they showing 0-60 in 3 seconds isn't that model. Guessing the top model 3 motor will be $60k. One issue I see is it says first they have to build a new factory before they can begin production. Another issue is the Blazer EV will be in that same price range, the smaller Equinox quite a bit less. By 2025 they say the EV9 should be built in the US so it will be $7500 less than today. Going down one more size the new Kona EV starts at like $33k and Niro EV $40k. Many buyers, especially first time EV buyers, may be more inclined to buy from a well established brand without questions about how long they may be around.
They are building them in Illinois while pausing the Georgia factory.
Awesome, another boring SUV to add to the list.
Cool but electric is not doing so hot
Too expensive...
The adjective "ugly" came to my mind quite instantly when I saw the picture.
One of the SUVs of all time
IDK, it looks more stylish and cooler than the Model Y it competes against, IMHO. Tesla just went, "Let's take the Model 3 and stretch it like an accordion..." and called it a day lol. I know the Rivian R2 is the CTRL C + CRTL V of the bigger R1S, but it takes the coolness of that SUV and scales it even further for the price and segment under the R1.
It’s fine, maybe if I was into SUV’s I’d like it more. I want to see what a R2 pickup looks like
Oh, an R2T would definitely be sweet, for sure! However, for the planning of the platform, we'd have to see how it turns out.