Everything You Need To Know About The Rivian R2, Plus We Drive The 2027 Chevy Bolt

"The new R2 gets a rad-looking Launch Edition priced to match the Tesla Model Y Performance, but with better looks, an off-road bent, and a way more interesting interior. At just under $58,000, it's more interesting than just about anything you can buy for that price."

"At $53,990 for the all-wheel-drive R2 Premium, with up to 330 miles of range and 450 horsepower, it's hitting the meat of the premium EV market. It's pricier than a Hyundai Ioniq 5 AWD or a Chevrolet Blazer EV, but it's also a lot better looking, offers more ground clearance, a cooler interior, and much more sophisticated software."

"Rivian better hope so. The company has had years of losses on the books, and investors are hoping that the mass-market R2 pushes it into profitability. The company will be able to make up to 155,000 units per year, and volumes like that could help the company further drive down prices while growing its profits."

Rivian revealed the production R2, a smaller SUV that maintains the adventurous design philosophy of its larger vehicles. The Launch Edition starts at just under $58,000, matching Tesla Model Y Performance pricing while offering distinctive styling, off-road capability, and an innovative interior. The R2 Premium AWD model at $53,990 provides up to 330 miles of range and 450 horsepower, positioning it competitively against vehicles like the Hyundai Ioniq 5 and Chevrolet Blazer EV with superior aesthetics and ground clearance. However, the promised $45,000 base model with rear-wheel-drive and 275-mile range won't arrive until late 2027. Rivian's profitability depends on R2 success, with production capacity reaching 155,000 units annually.

Read at insideevs.com