Rivian R2 prices revealed: you’re going to have to wait longer for that $45,000 version

Rivian has officially revealed the pricing and specifications for its upcoming R2 electric SUV, which will launch with a starting price of $57,990. This model is set to go on sale in the spring of 2024. The R2 was initially introduced with a promise of a more affordable base model priced at $45,000, which has generated significant interest due to its competitive pricing compared to traditional internal combustion vehicles. However, Rivian has confirmed that this lower-priced version will not be available until late 2027. The R2 lineup includes a Performance Launch model priced at $57,990, which will be the first to hit the market. Rivian has indicated that it is prioritizing the release of its higher-priced trims before introducing the more affordable options. The company has spent the last two years promoting the R2 as a $45,000 SUV, but the timeline for its availability has been extended, leading to questions about whether this price point will be realized. In addition to the pricing details, Rivian has shared information about the R2's performance specifications, including a range of 330 miles. The company aims to position the R2 as a viable competitor in the electric SUV market, particularly against models like the Tesla Model Y. As Rivian prepares for the launch, it is also making changes to its existing lineup, including discontinuing its entry 'Dual Standard' R1S and R1T models later this year.