Connect with us

Published

on

Rivian (RIVN) is betting big on its upcoming midsize R2 electric SUV. Starting at about $45,000, the R2 is about half the cost of its current R1S and R1T models. CFO Claire McDonough confirmed the company is working around the clock to launch R2. It will also help take the brand global as Rivian plans to take the R2 overseas.

Rivian R2 will take the EV brand global

McDonough answered a few questions on social media late Wednesday, giving us an update on Rivian’s progress, the smaller R2, R3, and R3X models, profitability, when the brand will launch in Europe, and more.

Rivian is “working around the clock” to expand its Normal, IL, manufacturing plant for the upcoming R2. The sourcing for R2 is now about 95% complete, and production is scheduled to start in the first half of 2026.

The R2 is “just the beginning” with the smaller R3 and sporty R3X crossover set to follow. Rivian will build the R3 and R3X as it expands R2 production at its new Georgia plant.

Advertisement – scroll for more content

McDonough confirmed the facility is expected to come online in 2028. Rivian’s CFO said “there’s a lot more magic” in the pipeline beyond these models in the future.

Rivian-R2-global
Rivian’s next-gen R2, R3, and R3X (Source: Rivian)

Although the R2 will be about half the cost of Rivian’s current R1S ($77,700) and R1T ($71,700), it won’t “be half the vehicle,” according to McDonough. The R2 will still include the “Rivian essence” with advanced tech, software, and a premium feel.

Rivian closed its loan agreement with the US DOE in January for up to $6.6 billion to fund its new Georgia plant. However, that was just before Trump took office, and Georgia Gov Brian Kemp said last month that he was unsure where the funding stands.

Rivian-R2-global
Rivian EV production plans (Source: Rivian)

The company remains confident that the funds will be available when they draw on them next year. Rivian will start building the R2 in Normal, but production is expected to expand significantly once the GA plant opens.

Once complete, Rivian’s new plant in Georgia is expected to produce up to 400,000 EVs annually. Last year, the company built just under 50,000 in Normal.

Rivian CFO Claire McDonough gives an update on R2, profits, expanding international, and more (Source: Rivian)

After ramping up production, McDonough said Rivian is excited to expand the Rivian brand internationally, with plans to launch R2 in Europe and other global markets.

Rivian is also expanding its electric van business after opening orders for customers outside of Amazon earlier this year. Just this week, Rivian teamed up with Ben & Jerry’s to launch an electric ice cream truck based on its Commercial Van (check the sweet-looking EV ice cream truck). You can watch the full Q&A above.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Tesla launches cheaper Model Y RWD in the US

Published

on

By

Tesla launches cheaper Model Y RWD in the US

Tesla has opened orders for the Model Y Long Range RWD for $45,000 in the US. It’s the new entry-level Model Y following the design refresh earlier this year.

Since launching the updated Model Y earlier this year, Tesla has only offered the best-selling electric SUV in a single Long-Range AWD configuration.

First, it was as a fully-loaded $60,000 Launch Edition, and last month, it started deliveries of the regular Model Y AWD starting at $49,000.

As we recently noted, Tesla didn’t have much of an order backlog for the new Model Y in the US, and it has already started gathering new Model Y AWD in inventory just weeks after launching the vehicle.

Advertisement – scroll for more content

Tesla even started offering subsidized financing rates on the new SUV this weekend.

Now, the automaker is starting to take orders for the new Model Y Long Range RWD

The new trim starts at $44,990 and enables 357 miles of range – an extra 30 miles over the AWD version.

However, due to its single motor powertrain, the lower-priced version is slightly slower with a 0-60 mph acceleration in 5.4 seconds rather than 4.6 seconds.

The automaker says that deliveries of the new version will start in the US in the next 3 to 5 weeks. It launched the new Model Y RWD in Europe weeks ago.

Tesla also offers a Standard Range RWD in Europe and China for even cheaper, and deliveries have already started in China.

Electrek’s Take

Tesla appears to have waited to open orders for the Model Y RWD in the US to optimize demand for the Long Range AWD.

But now it needs a cheaper model to sustain demand at the current production rate.

In the coming weeks, it will start building a mix of RWD and AWD in Fremont and Austin to

Interestingly, Tesla currently only offers the subsidized 1.99% financing rate on the Model Y Long Range AWD. I would assume that Tesla plans to take advantage of the boost in demand that the cheaper model will create.

However, US buyers probably won’t have to wait more than a few weeks before Tesla starts to offer lower interest rates on all versions, like it already does in Europe and China.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Big Mack, hydrogen Honda, and a ride in the Tesla Semi at ACT Expo 2025 [part 6]

Published

on

By

Big Mack, hydrogen Honda, and a ride in the Tesla Semi at ACT Expo 2025 [part 6]

On today’s thrilling episode of Quick Charge, we’ve got some of the highlights of the 2025 ACT Expo, including the all-electric Windrose and Mack Pioneer Class 8s trucks, a hydrogen fuel sell [sic] from Honda, a fun charging surprise, and – after an eight year wait – we finally get a ride in the all-new (in 2017) Tesla Semi!

ACT Expo is North America’s premier clean truck and transport trade show – and for 2025 it was bigger than ever, with more exhibitors and more, more capable battery electric vehicles than ever. The downsides? NACFE have scored with their “messy middle” messaging, and the return of “clean diesel” talking points. We’ve got a brief rundown and links to all the details, below.

Prefer listening to your podcasts? Audio-only versions of Quick Charge are now available on Apple PodcastsSpotifyTuneIn, and our RSS feed for Overcast and other podcast players.

New episodes of Quick Charge are recorded, usually, Monday through Thursday (and sometimes Sunday). We’ll be posting bonus audio content from time to time as well, so be sure to follow and subscribe so you don’t miss a minute of Electrek’s high-voltage daily news.

Advertisement – scroll for more content

Got news? Let us know!
Drop us a line at tips@electrek.co. You can also rate us on Apple Podcasts and Spotify, or recommend us in Overcast to help more people discover the show.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Thousands of Texas homes are about to form a huge virtual power plant

Published

on

By

Thousands of Texas homes are about to form a huge virtual power plant

Abundance Energy, sonnen, and Energywell are teaming up to bring smarter, more resilient energy to Texas homes through a huge new virtual power plant (VPP) initiative.

By combining behind-the-meter home batteries, solar power, and advanced energy software, the trio is building a network of connected homes that can work together to support the grid. Customers who install sonnenConnect home batteries through Abundance Energy will now be part of a system that automatically stores and shares power when it’s needed most. That means lower electricity bills, better reliability during extreme weather, and a cleaner energy mix overall.

The VPP will cover all of ERCOT, with the primary focus in the greater Dallas-Fort Worth and Houston areas. Each home will have two 4.8kW/20kWh sonnenCore+20 battery units. The current customer base that will be enrolled in the VPP equals 60 MWh, and this will continue to grow each month. The VPP is already on track to replace Tesla as the largest virtual power plant in Texas by the end of 2026.

Here’s how it works: The batteries are continuously managed using Energywell’s Proton platform and sonnen’s smart VPP technology. This system monitors solar generation, customer energy use, and real-time electricity prices, and then decides when to charge or discharge each battery. Instead of just sitting idle, these batteries turn into mini power plants that can react to grid needs in real time.

Advertisement – scroll for more content

And when thousands of batteries work together, they form a virtual power plant—a decentralized network that reduces the strain on the grid, especially during peak demand or power outages. Unlike traditional power plants, VPPs don’t burn fossil fuels. They use clean, stored electricity from homes and businesses, helping cut carbon emissions while keeping the lights on.

“Our mission is to empower homeowners with smarter, more sustainable energy solutions,” said Thomas Mandry, CEO of Abundance Energy. “This partnership delivers a new kind of VPP model that benefits customers and strengthens the Texas grid.”

Blake Richetta, CEO of sonnen, added, “With Abundance Energy and Energywell, we’re showing how everyday homeowners can become part of the solution to Texas’ energy challenges.”

As Texas continues to face grid reliability issues, especially in extreme heat or cold, this kind of flexible, customer-powered energy system will make homes more resilient and give customers more control over their power.

Read more: The US’s largest virtual power plant now runs on 75,000 home batteries


If you live in an area that has frequent natural disaster events, and are interested in making your home more resilient to power outages, consider going solar and adding a battery storage system. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. They have hundreds of pre-vetted solar installers competing for your business, ensuring you get high quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use and you won’t get sales calls until you select an installer and share your phone number with them.

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisers to help you every step of the way. Get started here. –trusted affiliate link*

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending