Rivian suffers 18 per cent delivery decline in 2025
In 2025, Rivian delivered a total of 42,247 electric vehicles. These included models from the first R1 model range, such as the battery-electric SUV R1S and the battery-electric pickup R1T, as well as delivery vans for customers like Amazon and HelloFresh. These figures are significantly below the delivery record of 51,579 units in 2024, representing an 18 per cent decline.
The decline was even more pronounced in the fourth quarter of 2025: Rivian delivered only 9,745 vehicles, a substantial 31 per cent drop compared to the 14,183 units delivered in the same quarter of the previous year and 26 per cent fewer than the 13,201 electric vehicles delivered in the third quarter of 2025.
The particularly weak delivery figures in the fourth quarter are likely due, in part, to the expiry of the 7,500 US-dollar tax credit for electric vehicle purchases in the USA at the end of September 2025. As Rivian currently sells the R1 exclusively in North America, this effect is expected to be more pronounced than for Tesla, which reported a 15.6 per cent decline in deliveries in the fourth quarter but was able to offset the drop in the US somewhat through deliveries in other markets.
For completeness, here are the production figures: Rivian produced 42,284 units in 2025, compared to 49,476 in 2024, marking a 14 per cent decline. In the fourth quarter of 2025, production fell from 12,727 to 10,974 units, also a 14 per cent decline.
New R2 as an affordable flagship model
Rivian’s hopes now rest on the launch of the new battery-electric SUV R2, which was unveiled in March 2024 and is expected to begin customer deliveries in the first half of 2026. At 4.71 metres in length, the new model falls into the same size class as the Tesla Model Y, while the R1S, at 5.10 metres, is clearly positioned as a premium offering. This is also reflected in the pricing: while the R1S starts at around $77,000, the new R2 is expected to be available from approximately $45,000. However, it is anticipated that initially, only a better-equipped “Launch Edition” priced between 50,000 and 60,000 dollars will be offered, with the most affordable version following later.
Meanwhile, Rivian has also expanded into a new business area, as the company has been a key partner of Volkswagen since 2024. With a current stake of 12.3 per cent, VW is now Rivian’s second-largest shareholder and plans to further increase its investment. The partnership with VW has not only provided Rivian with fresh equity capital but also generated revenue: the joint venture with Volkswagen for developing vehicle architectures and software systems contributed approximately $214 million to Rivian’s revenue in the third quarter of 2025—more recent figures are not yet available.
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