Key facts
- Rivian increased its 2026 delivery forecast to 65,000-70,000 vehicles.
- The company's second-quarter deliveries increased by over 14% to 12,194 vehicles.
- The R2 SUV, priced from $57,990, is central to Rivian's growth plans.
- Uber plans to invest up to $1.25 billion in Rivian for autonomous R2 robotaxis.
Rivian Automotive has increased its annual delivery forecast for 2026, projecting between 65,000 and 70,000 vehicles, surpassing its earlier estimate of 62,000 to 67,000. The automaker attributes this optimistic outlook to robust demand for its existing R1 SUVs, pickup trucks, and electric delivery vans, as well as the anticipated impact of its newly launched R2 model. Despite concerns about EV affordability following the expiration of federal tax credits, Rivian's R2 SUVs, starting at $57,990, are considered crucial for growth. Rivian commenced R2 production in April and began customer deliveries in June. In the second quarter, the company reported a more than 14% increase in deliveries, reaching 12,194 vehicles, exceeding analyst expectations. Uber announced in March plans to invest up to $1.25 billion in Rivian to deploy 10,000 autonomous R2 SUVs as robotaxis starting in 2028. Further R2 variants are slated for release later this year and early next year, with a $45,000 variant expected by late 2027.