"Dual Standard is ending. We have changes coming to our vehicle line up later this year, take advantage of lease offers on Dual Standard while you can. These Rivians have a pair of motors and the automaker's smallest battery option. The Dual Standard R1T is currently Rivian's lowest-priced model, with a starting price of $72,990 before fees and options."
"Both entry models have an EPA-estimated range of 270 miles. Upgrading to the Large pack in the Dual models bumps EPA range to a much healthier 329 miles. So the entry price for Rivian's R1 series will increase by $7,000, absent any other changes to the lineup."
"Of course, the barrier of entry into the Rivian brand more broadly will drop considerably soon. The R2, the company's first mass-market model, launches in the second quarter. According to Tuesday's email blast, current Dual Standard lease offers are valid for buyers who are approved by March 19 and take delivery by March 31."
Rivian announced the discontinuation of Dual Standard entry trims for both the R1S SUV and R1T pickup truck in 2024. These models feature dual motors and the smallest battery option, with the R1T Dual Standard currently priced at $72,990 and the R1S Dual Standard at $76,990, both offering 270 miles of EPA-estimated range. After discontinuation, the minimum R1 series pricing will increase by $7,000. Rivian is offering lease deals on remaining Dual Standard inventory through March 31, with monthly payments starting at $749 for 36-month leases. The company plans to offset the higher R1 entry price with the upcoming R2 launch in the second quarter, positioning it as an affordable mass-market alternative.
Read at insideevs.com
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