Less than 24 hours considering that its launch, the Rivian R2 is currently showing to be rather popular. The business’s CEO, RJ Scaringe, stated it’s currently taken in “more than 68,000 bookings” for the $45,000 midsize electrical SUV.
“We are enjoyed see this automobile resonate so highly with our neighborhood!” Scaringe stated in a post on X.
Rivian revealed the R2, in addition to the more compact R3 and R3X, at an occasion in Laguna Beach, California, on Thursday. The brand-new EVs are indicated to be more inexpensive than the business’s present lineup, presently comprised of the R1T truck and R1S, each of which costs over $70,000.
To be sure, the bar for scheduling an R2 is rather low
To be sure, the bar for booking an R2 is rather low. The deposit is just $100 and is completely refundable, according to Rivian’s preorder arrangement. By contrast, Tesla charged $1,000 (likewise refundable) to book the Model 3 when it was initially revealed in 2016. And booking holders are under no commitment to really purchase the lorry when it appears.
Rivian does not always get to move the $6.8 million it got in appointment money straight to its bank account. According to the business’s regards to service, the cash “will be held by Rivian in a different account designated exclusively for Preorders and launched for application towards the last prices of Your Selected Vehicle when you carry out the Final Sales Agreement.”
Still, 68,000 bookings are an indication that a minimum of that many individuals aspire to get in line and wait on a Rivian R2 to come true. And the business hasn’t even opened appointments for the R3 or the R3X, which will be less costly and is creating much more buzz than the R2.
Rivian states the R2 will enter into production in the very first half of 2026. The business moved the date from completion of 2026 after putting its $5 billion factory in Georgia on time out.