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R2 Vehicle

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Rivian's Q3 Production and Delivery Surge Boosts EV Market Confidence

Rivian reported producing nearly 20,000 vehicles and delivering over 19,200 in the third quarter, marking significant increases from the previous year. The company reaffirmed its goal to deliver between 65,000 and 70,000 vehicles by 2026, emphasizing the success of its more affordable R2 model amid a declining EV market. This growth comes despite broader industry setbacks following the removal of federal EV tax credits, which led to a nearly 24% drop in overall EV sales in September 2026.