Rivian has raised the original $67,500 base price of its quad-motor R1T electric pickup with large battery packs to $79,500 (sans destination charges). That's a whopping $12,000 increase that will apply to most reservation holders except for those in the very final stages of purchase. The price of the R1S SUV (below) is also being hiked by $12,000 from $72,500 to $84,500.
“Like most manufacturers, Rivian is being confronted with inflationary pressure, increasing component costs, and unprecedented supply chain shortages and delays for parts (including semiconductor chips),” said Rivian's chief growth officer Jiten Behl.
https://www.engadget.com/rivian-hikes-the-price-of-its-quad-motor-pickup-by-12000-065521100.html
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