Automobile

What? Rivian Just Increased the Price of its R1T Pickup by $12,000!

We’ve all seen price adjustments for new vehicles, but this is unbelievable. Rivian just jacked the price of its R1T pickup by $12,000. That’s roughly 20 percent. But the news gets worse.

Does the price hike apply to reservation holders?

Rivian R1T electric truck on Oct. 20, 2021 | Getty

Those with existing Rivian reservations won’t get a price hike pass. They’re now on the hook for $12,000 more than they signed up for. As you would imagine, component costs and inflation are said to be the reason for the higher prices. 

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