Rivian has notified Canadian customers of an imminent price hike of up to $10,000 CAD ($7,000 USD) effective February 25, attributed to unfavorable changes in the exchange rate between the U.S. and Canadian dollars. The R1, already priced over $100,000 CAD, will become even pricier, potentially leading to Canadian models being more expensive than similar U.S. models unless prices in the U.S. rise correspondingly. The increase comes amidst broader tariff issues affecting the North American market, raising concerns over future pricing stability for automakers like Rivian.
On February 25, 2025, we're updating R1 pricing due to changes in the exchange rates between the US and Canada. Prices are increasing from $7,000 to $10,000 CAD, depending on the configuration.
This price bump will make an already expensive EV even more expensive. Unless the U.S's prices jump in a similar range, it could make Canadian Rivians pricier than ones sold to their Southern neighbors in the U.S.
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