Electric vehicle sales continue breaking records as automakers ramp production. Compared to other EV startups like Lucid (LCID) and VinFast (VFS), Rivian (RIVN) is outpacing the pack as registrations continue rising.
Rivian’s EV registrations rise through July
Rivian placed eighth in terms of US registrations from January through July, with 2.8% of the overall EV market, according to recent Experian data (via Automotive News).
The EV maker recorded 2,750 registrations in July for its R1T and R1S electric SUV, a slight improvement over its monthly average of 2,596 through the first half of the year.
From January to July, Rivian’s new registrations reached 18,359 (not including EDVs). Rivian’s R1T electric truck had 7,611 of those registrations, while the R1S had 10,748. The company is transitioning to produce more R1S models to meet the higher backlog. R1S models represented 70% of units of R1 series models built in Q2.
After crushing second-quarter estimates with production rising 50% from Q1 (13,992 units), Rivian raised its guidance for the year to 52,000. According to CEO RJ Scaringe, ramping up its in-house Eduro drive units is a “key enabler” to near-term production performance.
Speaking at Morgan Stanley’s 11th annual Laguna Conference Thursday, Scaringe says the company has “rounded the corner.”
As the EV maker utilizes its Normal, Ill production facility more efficiently, Rivian’s margins are improving. Gross profit per vehicle delivered improved by $35,000 in the most recent quarter.
Despite the progress, the R1T was beat out by Ford’s F-150 Lightning with 11,883 registrations through July. Ford slashed prices in July by up to $10,000, which the automaker says is helping to drive up demand.
Ford’s lowest-priced F-150 Lightning Pro model now starts at $51,990 (with shipping) with 240 miles EPA range. Meanwhile, the Rivian R1T starts at $74,800 (including shipping) with an estimated 270 miles of range.
Outpacing other startups
Despite the strong growth in EV sales in the US, many startups like Lucid, VinFast, and Fisker are struggling to find their market.
Lucid had 348 registrations for its luxury Air EV in July, bringing its yearly total to 3,789 through July. The luxury EV maker dropped prices by up to $12,400 last month, with the 2023 Air electric sedan starting at $82,400.
Production has slipped after peaking in the fourth quarter of 2022, with 4,487 EVs built through the first half of the year. Lucid fell behind Porsche, Cadillac, and Subaru in July’s EV rankings, placing 18th.
Porsche’s sole electric vehicle, the Taycan, recorded 3,935 registrations from January through July, surpassing the Lucid Air.
Analysts point to Lucid’s competition with Tesla, which has slashed prices all year, as the reason for the struggles. Tesla’s Model S now starts at $74,990 with a 405-mile estimated range.
Meanwhile, Vietnamese newcomer VinFast had 19 new VF 8 electric SUV registrations in July, bringing the seven-month total to 170.
VinFast debuted on the Nasdaq stock exchange last month, with its value quickly surpassing that of Ford and GM. However, the EV maker’s value has fallen significantly over the past month, with share prices down over 80% from their peak.
After delivering its first EV in the US in June, Fisker’s Ocean had 30 new registrations in July, bringing the total to 37 for the year. Due to its recent launch, Fisker ranked last among the 26 brands in July.
With Rivian outpacing the group, Wedbush analyst Dan Ives said he sees the company as “one of the core EV players over the next decade” last month. He added, “Demand looks strong” and “visibility is improving into 2024.”
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The post in question went live on the Volvo Cars Heritage Facebook feed last week, and it was simple enough. You can check it out for yourself, below.
See? Just a few pictures of the 3CC, a concept that Volvo designers at the time intended to be “future proof” and developed with an eye towards sustainability. It was an early hybrid, with regenerative braking and slick aerodynamics along with gullwing doors and a 1+2 seating arrangement to ease entry and egress.
Nothing to get that excited about, right? Except – why the (wink wink, nudge nudge) at the end? Could Volvo really be dropping wild hints about new product on their museum site? Is that wild speculation, wishful thinking, or just sloppy reporting?
Well, as the newly-minted “Weekend Editor” here at Electrek (thanks, Fred!), there’s no one to rein me in until Monday morning, at the earliest – so we’re gonna run with it, whatever it is.
It sure looks like a Robotaxi
Volvo 3CC gullwing doors.Volvo 3CC interios.
I’m not going to accuse Elon of stealing design ideas from Volvo any more than I’m going to accuse Volvo of stealing the 3CC concept’s design from the OG Honda CRX HF. That said, they really do seem to share some conceptual DNA, don’t they?
OK, so we’ve got some convergent evolution here – safe to say. But on the automation side of things? On the real, “the stock is worth basically zero if true self driving isn’t achieved” side of the equation?
It’s not – and think that’s exactly what’s going to happen. That’s my take, anyway. What’s yours? Head on down to the comments and let us know if you think Volvo has what it takes to launch a Robotaxi rival in the comments.
ORIGINAL CONTENT FROM ELECTREK.
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Designed for both all-terrain and off-road use, the all-electric E313 telehandler from JLG is a new, low-noise solution for moving materials around indoor construction, urban, residential, and municipal projects.
With a 3,500-pound maximum lift capacity and 13-foot maximum lift height with a five foot forward reach, the new JLG E313 is a first-of-its-kind all electric telehandler designed to silently load and unload trucks and flatbeds, moving materials around, or accessing work at-height in single-story work environments.
“As job sites evolve, machines need to evolve with them,” says John Boehme, JLG’s senior product manager for telehandlers. “Our new E313 electric-powered telehandler transforms how work is done in emission-free spaces and noise-sensitive environments by delivering a quieter, more efficient working experience.”
Based on the AUSA 4 meter/1,600 kg T164E battery powered electric telehandler, the JLG version ships with JLG’s universal skid-steer coupler system. That allows the E313 to attach to various existing JLG telehandler and skid-steer loader attachments, including carriages, forks, and buckets. The E313 also features an integrated hitch for hauling tools and trailers around the job site, increasing job efficiency by reducing the need for additional tractors on-site.
Charged up
The E313 uses six 48V lithium ion batteries sending power to an electric motor mated to a two speed transmission with two wheel drive and steer. The 18.6 kWh battery pack (6 x 3.1 kWh batteries) is good for up to four hours of continuous run time, and can be recharged in two to three hours on a L2 AC charger, or overnight on standard 100V.
JLG’s ClearSky Smart Fleet telematics management system is standard.
It’s got a long way to go, but the journey of a thousand miles begins with a single step – and the first delivery of Bollinger B4 electric trucks to Nacarato Truck Centers is now in the history books!
With the delivery of the first five 2025 Bollinger B4 Chassis Cabs to Nacarato Truck Centers earlier this week, Bollinger Motors is officially generating revenue as an OEM. The MSRP of these first-ever customer B4s totaled fully $800,000.
The newly delivered B4 Chassis Cabs feature 158-kwh battery packs sending power to an energy efficient, 323 hp electric motor that produces 675 lb-ft of torque at 0 rpm, giving the big trucks surprising off-the-line performance and all the power they need to get the job done.
Nacarato Truck Centers will sell four vehicles to commercial fleet customers and use one vehicle for its own internal parts deliveries between across its 13 locations.
Dealers make the difference
“Our nationwide dealership network is one of our core strengths, and with partners like Nacarato Truck Centers, our customers’ sales and service needs are in good hands,” said Jim Connelly, chief revenue officer for Bollinger Motors. “We are excited to see the B4 going to work on the streets of the Nashville area, and across the country.”
The 2025 Bollinger B4 Chassis Cab carries a $158,758 MSRP, and qualifies for federal clean vehicle tax credits under the Inflation Reduction Act of $40,000 per vehicle for the B4 Chassis Cab. Additional rebates may be available in your area, so reach out to your local Bollinger dealer for more information.
Connelley was good enough to join us as a guest on Quick Charge last week after the start of B4 production was announced, and we think it’s worth sharing that episode again, below, for anyone who missed it. Enjoy!
Bollinger CRO Jim Connelley on Quick Charge
SOURCE | IMAGES: Bollinger Motors; via email.
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