Rivian revealed its next electric vehicle, the R2, a more affordable SUV that the company is counting on having a much broader appeal than its stylish — and expensive — R1T trucks and R1S SUVs.
The R2 won’t go into production until 2026, but when it does it will come with an estimated range of 330 miles, a 0–60mph time of three seconds, and a starting price of $45,000 — placing it slightly below the current average selling price for a new internal combustion vehicle. The price could be even lower if it ends up qualifying for the $7,500 federal tax credit.
Making an electric vehicle that’s affordable to a broader swath of people is crucial for Rivian’s long-term viability. The...
