Rivian has updated on Wednesday the leasing prices for their 2026 R1 models, which are set to be launched in a few weeks.
The 2026 R1S Dual-Motor Standard variant starts at $76,990, while the 2026 R1T pickup begins at $70,990 — representing price increases of up to $1,090. The destination charge for 2026 models rose to $1,895 per vehicle.
For customers choosing to purchase the vehicles through leasing contracts, prices were also hiked, as shown on a post by X user Hilbe.
Prices for the Standard and Dual versions of the R1T pickup, which had a set monthly payment of $779 and $809 per month, respectively, went up by $30-60.
The R1T Tri monthly installment increased from $1,299 to $1,435.
Similar hikes were adopted for the Standard, Dual and Tri versions of the R1S SUV — now being leased from $838, $918 and $1,486 per month, respectively.
The recently launched second-gen Quad-motor R1T can be leased from $1,819 per month, while the R1S Quad starts from $1,949 per month.
R1T pricing for the Gen 2 Quad begins at $115,990 in the United States, while the R1S starts at $121,990. The Launch Edition models, which include additional features and exclusive design options, are $4,000 up in pricing.
To help phase out the previous model versions, the brand is offering a $6,500 discount on leases of the 2025 R1T and R1S with the Tri-Motor setup — available to customers who take delivery by July 31.
The EV maker has unveiled several offers for July, after cutting lease prices by $200 late last month as part of a final push to drive second-quarter sales.
The company also expanded its Electric Refresh Offer, now including more model iterations.
Customers are eligible for a $1,500 bonus when they trade in any vehicle — including internal combustion engine (ICE) and hybrid models — and take delivery of a new Rivian by July 31.
The incentive was already available in June, however, it only included trade-ins of fully electric vehicles. The value of the bonus was trimmed in half from last month, when the offer was at $3,000.
Rivian announced last week that it delivered 10,661 electric vehicles in the second quarter, a drop of 22.7% year over year.
The EV maker reiterated that it expects annual delivery figures to range between 40,000 and 46,000 vehicles, indicating it estimates to deliver between 20,699 and 26,699 in the second half of the year.
As of June 30, the company had reached between 41.9% and 48.2% of the target.
Production figures were at 5,979 units in the same period, down 37.8% from the 9,612 EVs manufactured a year ago. In the first quarter, Rivian had produced 14,611 vehicles.
The company noted that “production was limited during the second quarter in preparation for model year 2026 vehicles expected to launch later this month.”
The Irvine-based automaker’s manufacturing plant in Illinois is being expanded to accommodate the production of the upcoming R2 SUV.
The R2, set to be priced around $45,000, is scheduled to launch in the first half of 2026.
