Rivian R3 Will Be Priced 'Materially Lower' Than R2, CEO Says

Rivian CEO RJ Scaringe told The New York Times that the upcoming R3 hatchback will be priced "materially lower" than the R2, which will eventually start at $45,000. An even cheaper R4 will follow the R3, he said.

• R2 will eventually start at $45,000 by late 2027
• R3 will be priced materially lower than the R2, Scaringe said
• R4 will cost even less than R3, but details remain unknown
• R3 production is planned at Rivian's Georgia plant starting in 2028