Thanks Francie. Did you make it clear this is for NEW vehicle purchases only? Also, why not review the tax credits available for used vehicle purchases?
These prices are ridiculous for a depreciating asset, I bought a used 2018 Chevy Volt for 19k, and I’ve only put gas in it once since I bought it, use it as an ev daily driver with leather and heated seats and it’s half the price than these shown.
10:45 As I mentioned earlier, Rivian has experience developing only for the North American market in the premium segment with low volume sales. They have never worked on calibration, validation and testing of parts from different suppliers for cars in the price range of 12,000€ to +250,000€ for different climatic conditions from freezing -35°C in the Nordic countries to 100% humidity with +45°C in Southeast Asia. Take a look, for example, at the headlamp variants in the VW Group's portfolio, which are regulated differently in many countries. Each of them needs a control unit and a software layer to function, from basic LEDs over Bi-LEDs to Matrix LEDs in Porsche, and compare this with Rivian's expertise. They have also never proved that their current know-how can be scaled up to mass production. VW group produces almost three times as many vehicles in a week as Rivian does in a year. None of what Rivian currently offers solves the biggest problems of VW's EVs compared to direct price/size competition from Korea or France, such as weight, efficiency, charging speed, and missing features like 22kW AC charging or V2H/G. So a good deal for Rivian because they have more time to find an economically sustainable business model. For VW it's a little expensive gamble because from present perspective they're spending billions on the promise that Rivian will help them develop something they have little experience in.
That's too much, I scored a 2019 Bolt with 55K miles for $7,945 after EV tax cash and the wife scored a 2020 Bolt premier with 9K miles for $13,000 out the door and shipped.