Yesterday after 5 months or so of research and "sole" searching i cancelled my R1S order. I'll be looking at buying either a used or new ICE SUV- around $45k to $60K in April.
My intent was to use the vehicle for Rideshare (Uber/Lyft) plus "private Hauling" and wanted a 7 seat capacity. Later this year I'll be putting solar on my house so thought in the long run if i had an EV as a vehicle i can Tap into some free Energy.
After re-evaluating I'd says the Price is the biggest reason for cancelling the order. Comparing 2023 ICE SUV's to R1S. These are starting MSRP's and of course they have Multiple trims and can go much higher. But then I'd be spec'ing above what the R1S has.
2023 Chevy Tahoe - $54,200
2023 Ford Expedition- $55,115
2023 Chevy Suburban - $56,900
2023 GMC Yukon - $57,400
2023 Jeep Wagoneer- $58,995
2023 Lincoln Navigator- $79,725
2023 Cadillac Escalade- $81,190
2023 "Jeep" Grand Wagoneer- $88,640 (only comes in 4x4 version that's why it's so high for a base model)
2023 Rivian R1S - $89,000- Large pack to match range (Range on above ICE is about 350-380 Miles per tank)
I don't care for the 4x4 or off-road capability, but nice to have it so that was not a factor.
I'm not a V8 person but u don't save money for about 5+ years when comparing R1S vs ICE suv. and by then, is it time to replace the vehicle? The R1S is running about $30,000 more than its ICE comparative.
And then there's the used SUV market, for 2021 or 2022 models pricing will be below the above. R1S has yet to develop a used market.
Some will say i should not be comparing EV to ICE vehicles. On that issue you have to, because that's where the new EV buyers are coming from. Tesla have managed to price their Model 3 and Y at half decent prices. I think both are about $10-$15k too high compared to ICE vehicles that are out there that range between $30-$40k.
Size- The R1S is Midsize 200.8 inches long and the above range between 208-215 Inches. Actually, not that much bigger. The R1S by its boxy shape punches above its weight in size and in my book cannot be compared to other 3 row Hatchback type SUV's, But if i did that price comparison the gap would be bigger than what I'm showing.
I like Rivan designs a lot and maybe in 3-5 years they still around (with less start up issues) and used and new pricing is competitive to other EV SUV's that we will see in 2025, 2026 or 2027 from these other manufactures. Many have Trucks coming out in 2024 and they will most likely be basing their SUV off those platforms.
if i still want to spend $90K i could buy an ICE suv and a new Model 3 and be at about $90K!! YUKS
Cheers for now.
My intent was to use the vehicle for Rideshare (Uber/Lyft) plus "private Hauling" and wanted a 7 seat capacity. Later this year I'll be putting solar on my house so thought in the long run if i had an EV as a vehicle i can Tap into some free Energy.
After re-evaluating I'd says the Price is the biggest reason for cancelling the order. Comparing 2023 ICE SUV's to R1S. These are starting MSRP's and of course they have Multiple trims and can go much higher. But then I'd be spec'ing above what the R1S has.
2023 Chevy Tahoe - $54,200
2023 Ford Expedition- $55,115
2023 Chevy Suburban - $56,900
2023 GMC Yukon - $57,400
2023 Jeep Wagoneer- $58,995
2023 Lincoln Navigator- $79,725
2023 Cadillac Escalade- $81,190
2023 "Jeep" Grand Wagoneer- $88,640 (only comes in 4x4 version that's why it's so high for a base model)
2023 Rivian R1S - $89,000- Large pack to match range (Range on above ICE is about 350-380 Miles per tank)
I don't care for the 4x4 or off-road capability, but nice to have it so that was not a factor.
I'm not a V8 person but u don't save money for about 5+ years when comparing R1S vs ICE suv. and by then, is it time to replace the vehicle? The R1S is running about $30,000 more than its ICE comparative.
And then there's the used SUV market, for 2021 or 2022 models pricing will be below the above. R1S has yet to develop a used market.
Some will say i should not be comparing EV to ICE vehicles. On that issue you have to, because that's where the new EV buyers are coming from. Tesla have managed to price their Model 3 and Y at half decent prices. I think both are about $10-$15k too high compared to ICE vehicles that are out there that range between $30-$40k.
Size- The R1S is Midsize 200.8 inches long and the above range between 208-215 Inches. Actually, not that much bigger. The R1S by its boxy shape punches above its weight in size and in my book cannot be compared to other 3 row Hatchback type SUV's, But if i did that price comparison the gap would be bigger than what I'm showing.
I like Rivan designs a lot and maybe in 3-5 years they still around (with less start up issues) and used and new pricing is competitive to other EV SUV's that we will see in 2025, 2026 or 2027 from these other manufactures. Many have Trucks coming out in 2024 and they will most likely be basing their SUV off those platforms.
if i still want to spend $90K i could buy an ICE suv and a new Model 3 and be at about $90K!! YUKS
Cheers for now.