New Rivian R2 and surprise R3 revealed: is this its Tesla Model Y moment?
Smaller, more affordable electric SUVs land Stateside, coming to Europe... eventually
Has Rivian just had its Tesla Model Y moment? Its shareholders will certainly be hoping so, after the reveal of a pair of smaller, more affordable electric SUVs to sit beneath its flagship R1T and R1S models – the predictably-named R2 and R3. And yes, they will be sold in Europe… eventually.
Introduced by CEO RJ Scaringe in Rivian’s swanky new Laguna Beach ‘space’ (don’t call it a dealership), the R2 is the one we were all expecting to see. The R3 was a rare surprise. We’ll deal with R2 first – the first model on Rivian’s new midsize platform.
Shorter and narrower, but a little taller than the Tesla Model Y, prices will start from around $45,000 (a Model Y costs from $36,450 in the US) when deliveries kick off in the first half of 2026. There will be three versions to choose from – single, dual and tri-motor (two motors on the rear axle, one on the front) – with a claimed 0-60mph of under 3.0 seconds for the ‘tri’.
Battery details are to be confirmed, other than there’s more energy-dense chemistry, the pack is a structural element of the car and the range will be over 300-miles. A new ‘Perception Stack’ featuring 11 cameras, five radars and more computing power will give it “dramatically enhanced autonomous capabilities".