The Rivian R2 Launches at $57,990, Offering 330 Miles of Range

Rivian on Thursday announced final specs and pricing for its R2 lineup, delivering the clearest picture yet of its most consequential vehicle to date. The California startup needs the R2 to succeed in order to scale its business and spread out development costs. With pricing now confirmed and deliveries set to begin shortly, the company’s make-or-break moment has arrived.

The mass-market crossover launches in the second quarter with the dual-motor, all-wheel-drive R2 Performance priced at $57,990. In keeping with other recent EV launches, Rivian plans to introduce lower-priced variants over time.

Rivian R2 Trims, Specs, Range, and Pricing

	R2 Performance	R2 Premium	R2 Standard	R2 Standard (Small Pack)
Powertrain	Dual-Motor AWD	Dual-Motor AWD	Single-Motor RWD	Single-Motor RWD
Battery (Usable)	87.9 kWh	87.9 kWh	87.9 kWh	TBD
Horsepower/Torque	656 hp / 609 lb-ft	450 hp / 537 lb-ft	350 hp / 355 lb-ft	350 hp / 355 lb-ft
0-60 mph	3.6 s	4.6 s	5.9 s	5.9 s
Range	Up to 330 miles (EPA)	Up to 330 miles (EPA)	Up to 345 miles (Rivian est.)	275+ miles (Rivian est.)
Starting Price	$57,990 (w/ Launch Package)	$53,990	$48,490	$45,000
Availability	Spring 2026	Late 2026	Early 2027	Late 2027

Prices exclude a $1,495 destination charge.

An R2 Premium with all-wheel drive goes on sale in late 2026 for $53,990. The rear-wheel-drive R2 Standard follows in the first half of 2027 at $48,490. Rivian says it will eventually reach the $45,000 starting price announced back in 2024, though buyers hoping for that figure will need to be patient. That entry-level version of the R2 Standard, featuring a smaller battery and reduced range, is not expected until late 2027.

The R2 Performance comes loaded with upmarket features including semi-active suspension, yellow brake calipers and accents, a premium interior with heated and cooled front seats plus heated rear seats, 21-inch wheels, adaptive high beams, tow hooks, and an upgraded audio system. It also carries Rivian’s signature flashlight tucked into the driver’s door, rear glass that retracts into the liftgate, and three exclusive drive modes: Soft Sand, Rally, and Launch.

The limited-run Launch Package bundles in a tow package rated at 4,400 pounds of capacity, a special key fob, the option of a Launch Green paint job as a paid upgrade, and a lifetime subscription to Rivian’s new driver-assistance feature, Autonomy+. It is not entirely clear how the R2 Performance will be priced without the Launch Package, as that configuration does not currently appear to be available.

The R2 Premium carries most of what comes in the R2 Performance, minus the yellow accents, special suspension, and added power. It rides on 20-inch wheels instead of the 21-inch units found on the top trim.

The R2 Standard, as expected, sheds much of the premium content. It rides on 19-inch wheels, comes with a black interior, and includes heated front seats. Notably, this rear-wheel-drive version leads the lineup in range with a Rivian-estimated 345 miles. The company says more details on the $45,000 R2 Standard will be shared closer to that model’s launch.

What Else We Know About the R2

The R2 uses a North American Charging Standard port and is capable of charging from 10% to 80% in 29 minutes. It weighs roughly 2,000 pounds less than Rivian’s larger R1 vehicles while retaining meaningful off-road capability, including 9.6 inches of ground clearance, a figure that bests every other EV in its segment.

At 185.9 inches in length, the R2 is roughly the same size as a Model Y or Honda CR-V, and a few inches longer than a Toyota RAV4.

The vehicle also debuts a new Rivian user interface built around two vertical scroll wheels on the steering wheel that can handle a wide variety of functions. A dual-screen layout, similar in appearance to what is found in the R1, carries over to the R2.

The R2 is also designed to advance Rivian’s driver-assistance capabilities. It features 11 cameras totaling 65 megapixels alongside five radars. Later this year, Rivian plans to add lidar as an option, which it says will eventually enable Level 4 self-driving capability. No specific timing for the lidar rollout was included in Thursday’s announcement.

Can Rivian Pull This Off?

On the merits of the vehicle itself, the R2 looks like a strong, competitive product. Early reviews have been positive across the board. Rivian appears to have successfully packed the brand’s signature character into a smaller, more accessible form factor.

Range exceeding 300 miles across most trims puts the R2 where it needs to be to compete. Power figures are strong as well, particularly the 656 horsepower in the top trim. Rivian’s polished interface gives it a leg up on much of the legacy competition.

The Stakes Are High

Rivian’s future, by CEO and founder RJ Scaringe’s own admission, depends heavily on whether the R2 launch goes according to plan. If a model like the new Chevy Bolt falls short of expectations, General Motors will survive. The calculus is very different for Rivian.

Facing steep costs and limited revenue from its flagship products, including roughly 42,000 vehicles sold last year, the startup needs to bring in significantly more cash. Rivian hopes the R2 will put it on a path toward selling millions of vehicles annually.

The road ahead is not easy. Only one automaker has sold more than 58,000 units of a single EV model in a single year in the U.S. The next-highest figure belongs to GM and the Chevy Equinox EV. No company has sold more than roughly 170,000 EVs in a year domestically, a record also held by GM.

Rivian is closer to that goal than any other EV upstart. It has beaten considerable odds to bring a mainstream competitor to market. The R2 looks promising, and the company has earned some credibility. Going forward, EVinfo.net expects it do do very well.