Two months after Rivian started delivering EVs with its long-anticipated Max battery pack, we’ve seen our first real-world range comparison, and the results are… just ok. Despite over 50 miles more EPA range than the Large Pack, the first real-world tests show that the gap is significantly narrower.
Rivian ($RIVN) is exiting 2023, a lot better off than it began the year. After pausing EV production to optimize its assembly lines early on, the American automaker has continued to scale in Normal, IL, as it erects its second plant in Georgia.
The automaker’s Q3 report offered better-than-expected production numbers, alongside steady interest from US consumers, allowing Rivian to maintain its price points while continuing to ramp up production of EDVs and R1 EVs.
Rivian is currently contribution margin positive on both its EDVs and R1 vehicles and its CFO Claire McDonough expects the automaker to become gross margin positive in 2024. Some of the appeal to consumers eyeing a new Rivian R1T or R1S purchase has been the arrival of the Max battery pack, which finally started reaching customers this past October.
Promising an EPA range of 410 miles on a single charge, the Max Pack looks like a monster on paper compared to Rivian’s other battery options. However, a recent video showing a real-world range comparison with the Large Pack might soon have consumers thinking twice.
Is Rivian’s $10k Max battery pack upgrade worth it?
Until October 2023, Rivian customers could only obtain delivery of their shiny new R1S or R1T if they opted for the Standard or Large battery packs, delivering 270 and 352 miles of electric range, respectively.
However, many reservation holders held out for an electric truck with Rivian’s Max pack, promising a whopping 410 miles of EPA estimated range. Kyle Conner and the team at Out of Spec Reviews took two R1Ts – one with the Large Pack and one with the Max Pack – and put them through the same tests, only to find a marginal difference in real-world range, despite the $10K price difference.
While the EPA range difference between the Large and Max Packs is listed at 58 miles, Out of Spec’s comparison detailed a much closer race – a mere 22 miles. Since the Max Pack is significantly more expensive (an additional $16,000 compared to $6,000 for the Large battery), it begs the question if it is worth it to would-be Rivian customers.
Here’s another kicker. We’ve learned the Max Pack is the same size as the $6k option, just more efficient and energy-dense. A spokesperson for Rivian told Electrek that the automaker does not divulge battery capacities in its EV specs but did confirm the Max Pack offers a total battery capacity of 149 kWh – all in the same footprint as the Large Pack without adding weight.
The spokesperson shared that Rivian’s engineers achieved this by implementing a proprietary battery management system unique to the Max Pack that optimizes and increases its usable energy from a new version of Rivian’s 2170 battery cells. The result is higher energy density and absolute energy without requiring more modules or significantly more weight.
That, again, sounds promising on paper, but the real-world results appear much more marginal as the Max Pack offers 11-12 additional kWh of battery capacity that translates to 22 miles of range. This is obviously one test and not gospel, but it does beg the question of whether Rivian’s Max battery pack is worth shelling out an extra $10k. Following the real-world tests, the Out of Spec team even questioned whether their Max Pack R1T test vehicle was defective. Or perhaps it needs a software update to see the full advantages of the new battery?
What do you guys think? Let us know in the comments below.
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The California Air Resource Board (CARB) has withdrawn its request to enact the proposed Advanced Clean Fleets rule, which required fleets that are “well-suited for electrification” to reduce emissions through the phase-in of Zero-Emission Vehicles (ZEVs) and the banning of commercial diesel sales after 2035.
“Frankly, given that the Trump administration has not been publicly supportive of some of the strategies that we have deployed in these regulations, we thought it would be prudent to pull back and consider our options,” CARB chair Liane Randolph said in an interview. “The withdrawal is an important step given the uncertainty presented by the incoming administration that previously attacked California’s programs to protect public health and the climate and has said will continue to oppose those programs.”
Here’s hoping the BEVs and ZEVs have better luck next round.
Electrek’s Take
While some may celebrate the delay of the Advanced Clean Fleets rule, their celebrations will undoubtedly prove to be myopic and short-lived. The reality is that America is no longer the world leader in technology or transportation that backward organizations like the American Trucking Association believe it to be, and the fact is that delaying a transition to cleaner, more efficient technology will only put the US further behind its economic rivals in Asia and the Middle East.
Even before this Pyrrhic victory for American truck brands that have been slow to push BEVs into production, demand for diesel was at a generational low, and companies like Volvo, Renault, and Mercedes-Benz have been logging millions of electric miles on their deployed trucking fleets.
All of which is to say: if you thought it was going to be hard for American brands to catch up before, it’s going to be even harder now.
In an official announcement released at 8:15PM last night, Walmart-backed electric van company Canoo filed a voluntary petition for relief under Chapter 7 of the US Bankruptcy Code and will cease operations immediately.
“We would like to thank the company’s employees for their dedication and hard work,” said Tony Aquila, Canoo CEO and one of the company’s largest investors (according to the press release). “We know that you believed in our company as we did. We are truly disappointed that things turned out as they did. We would also like to thank NASA, the Department of Defense, The United States Postal Service (‘USPS’), the State of Oklahoma and Walmart for their belief in our products and our company. This means a lot to everyone in the company.”
As a result of the chapter 7 filing, Canoo will cease operations effective immediately, 8:15PM on 17JAN2025. The next step in the company’s dissolution will see a court-appointed trustee manage the liquidation of the company’s remaining assets.
Electrek’s Take
Rumors fueled by outspoken former employees of Canoo began circling late last year, with furloughed employees urging Oklahoma state leaders to “hold the electric vehicle company accountable” after it shuttered the OK production line that had received more than $100 million in state incentives.
The same employee claims that the company was being wildly mismanaged, and that what few Canoo vehicles the company said it had built in the Oklahoma plant were actually built in Texas, and that no vehicles were actually ever built in OK. “Nothing was functioning,” the unnamed employee said, speaking to local news channel KFOR. “There was no, there was not one robotics line that actually worked to fabricate a part.”
You could argue that the employees should also be held accountable for happily collecting paychecks without actually producing anything this whole time, but that’s a conversation for another day. For now, I’ll be mourning the loss of what could have been a fun little domestic off-roader, and hoping Canoo’s employees find a soft landing and better jobs elsewhere.
The US Department of Energy (DOE) today announced $1.2 billion in financing to replace Puerto Rico’s fossil fuel plants with solar and battery storage through 2032.
The DOE’s Loan Programs Office announced two conditional commitments and one loan closing to power producers in Puerto Rico. Each supports a project contracted with the Puerto Rico Electric Power Authority. The announcements include:
The closing of a $584.5 million loan guarantee to subsidiaries of Convergent Energy to finance a 100 MW solar farm with a 55 MW (55 MWh) battery energy storage system (BESS) in the municipality of Coamo and BESS installations in the municipalities of Caguas (25MW/100MWh), Peñuelas (100MW/400MWh), and Ponce (up to 100MW/400MWh)
A conditional commitment for a loan guarantee of up to $133.6 million to a subsidiary of Infinigen for a 32.1 MW solar farm with an integrated 14.45 MW (4.76 MWh) BESS, and a co-located standalone 50 MW (200 MWh) BESS expansion in the municipality of Yabucoa
A conditional commitment for a loan guarantee of up to $489.4 million to a subsidiary of Pattern Energy for three stand-alone BESS in the municipalities of Arecibo (50 MW/200 MWh), and Santa Isabel (50 MW /200 MWh and 80 MW/320 MW), and a 70 MW solar farm with an integrated BESS in the municipality of Arecibo.
If all are finalized, these projects would more than double LPO’s support for utility-scale solar generation and battery energy storage in Puerto Rico.
LPO provides low-cost financing and a rigorous due diligence process, making it a valuable resource for Puerto Rico as it works to rebuild an affordable, reliable, and clean energy system. As a result of reliance on imported fuel, the persistent threat of tropical storms, and underinvested infrastructure, Puerto Ricans today face average energy costs that are twice the US average – all while consuming only one-quarter of the energy of the US per capita.
LPO’s initial loan to a power producer in Puerto Rico, Project Marahu, closed in October 2024, and when complete will add more than 200 MW of solar and up to 285 MW of stand-alone energy storage to Puerto Rico’s grid.
Through its September 2023 partial loan guarantee to Project Hestia, LPO also supports virtual power plant (VPP)-ready rooftop solar and battery storage installations in Puerto Rico. As a nationwide project, Hestia’s sponsor is committed to at least 20% of installations under Project Hestia going to homeowners in Puerto Rico.
As part of its procurement plan, Puerto Rico Electric Power Authority seeks to install 1,500 MW of battery storage and requires a minimum capacity of storage to be co-located with each utility-scale solar project. Energy storage systems currently online in Puerto Rico are being dispatched every day.
When including Marahu, LPO’s closed and conditionally committed financing supports over 100% of the capacity Puerto Rico Electric Power Authority aimed to procure under its initial request for energy storage project proposals, the first of six.
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