News: Rivian EV Pickup Truck Starting Price Goes Up – Even For Existing Reservation Holders

It's because the base "Explorer" trim is discontinued.

rivian r1t price hike

According to a recent statement, the Rivian R1T Explore trim (or base trim) has been discontinued. This means that all customers, including existing reservation holders, who ordered an R1T Explore will have to step to a higher level trim or walk away from their order. This means a minimum of $5,500 price increase. In some cases, the price increase may be higher due to this change.

Many reservation holders are enraged by this news. Rivian says that this change will help the company “deliver as many vehicles as possible” by streamlining the supply chain. More details can be found in this The Verge article.