"Rivian CEO Targets Affordable EV Market with R2 SUV to Rival Tesla"

1 min read
Source: Electrek.co
"Rivian CEO Targets Affordable EV Market with R2 SUV to Rival Tesla"
Photo: Electrek.co
TL;DR Summary

Rivian's CEO, RJ Scaringe, considers $48,000 to be a crucial price point for EVs and believes the upcoming R2 electric SUV will compete with Tesla's Model Y. The R2, set to be revealed on March 7, 2024, aims to capture a broader market by offering a more affordable option, expanding Rivian's appeal beyond its luxury image. With the EV market becoming more mainstream, the R2 is positioned to attract a new segment of buyers and potentially challenge traditional gas-powered vehicles.

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