In what is good news for electric vehicle fans, Rivian has announced that it’s upcoming vehicles will be priced less than originally expected, according to Reuters.
Rivan announced in December that it had secured an addition $1.3 billion in funding. Although the automaker has not yet produced any vehicles, its technology will be used by Ford in its electric vehicles and the company will also create 100,000 electric vans for Amazon.
One of the appealing elements of Rivian’s designs is a more traditional aesthetic, unlike Tesla’s Cybertruck that looks like it’s straight our of a dystopian science fiction movie. For customers excited about Rivan’s upcoming truck and SUV, there’s more good news than just the vehicles’ looks.
According to Reuters, “Rivian on Saturday displayed its pickup truck and SUV at an event in San Francisco’s Bay Area and said that when their prices are unveiled soon they will be lower than has been previously announced.”
It’s possible the move may be due to the number of pre-orders the company has received. While founder and chief executive R.J. Scaringe didn’t say how many individuals had paid the $1,000 pre-order deposit, he did say the reaction had been “really positive.”