April 4, 2023

This past weekend, we drove the Lightning to the picturesque surroundings of Pine, Colorado, where we were greeted by near-perfect weather conditions. Despite the mild winds, the temperatures were just right. The Lightning effortlessly navigated the winding mountain roads.

It's always amusing to observe the bewildered expressions on people's faces as they walk past the open frunk and notice the absence of an engine. This never loses its charm and consistently proves to be an engaging conversation starter.

How about some news?

“When you come to a fork in the road, take it.”

-Yogi Berra

Rivian R1T Sales

Bring a Trailer is a captivating platform for several reasons. Firstly, it provides an opportunity to admire exquisite cars that are often unattainable for most. Secondly, the platform offers valuable historical sales data, setting it apart from other car-selling websites.

Consider the Rivian R1T as an example. The first R1T auctioned on Bring a Trailer fetched $119,000 in April 2022, while the latest one garnered around $80,000 in March. The average price for the last 10 sales stands at $81,651. Some notable statistics include:

• A total of 38 Rivian R1Ts have been listed on Bring a Trailer

• 32 were successfully sold, while 6 failed to meet the reserve price

• The highest price paid was $119,000, and the lowest was $73,000

• A brand new R1T with a dual-motor and large battery pack costs approximately $79,000

As of this newsletter's publication, no R1Ts are available for sale on Bring a Trailer. Typically, newly-released vehicles see their prices surge initially, followed by a decline and eventual stabilization. In this case, the trend line appears to level off around the $80,000 mark, which is right around the cost of a brand-new one. Naturally, the most significant uncertainty when ordering a new R1T is the delivery timeline, which remains somewhat unpredictable. This intriguing data serves as an excellent resource for those considering purchasing a pre-owned EV or simply curious about auction prices.

A Rivian Poll

Free Rivian Merch

Don’t forget about our giveaway. We’ll pick a winner at the end of April. The winner gets to pick out any single item on Rivian’s Gear Shop for up to $50. To be entered, all you have to do is:

1. Make sure you are subscribed to the newsletter

2. Forward the newsletter to two friends and have them subscribe

More EV News

• In the first quarter of 2023, Tesla experienced significant growth, with a 36% increase in deliveries compared to the same period last year. The company's production and delivery report demonstrates its ongoing dominance in the EV market, showing no signs of slowing down.

• PT Vale Indonesia, Zhejiang Huayou Cobalt Co., and Ford Motor Co. have formed a partnership to revolutionize sustainable nickel production in Indonesia, making EV batteries more affordable.

• Considering an electric van for your upcoming move? Ryder aims to make this a reality by adding 4,000 BrightDrop Zevo 600 and Zevo 400 electric vans to its lease and rental fleet by 2025, beginning with a preliminary order of 200 this year. This initiative is designed to meet the rising demand for commercial electric vehicles in the transportation and logistics industries while helping customers accelerate their sustainability goals.

• Rivian recently reaffirmed its production guidance of 50,000 vehicles for the year, while Amazon announced it now has 3,000 Rivian EDV vans in its fleet. Additionally, Rivian has reported strong Q1 delivery numbers with 9,395 vehicles produced and 7,946 vehicles delivered.

• Chinese new energy vehicle leader Li Auto delivered 20,823 vehicles in March 2023, a year-over-year increase of 88.7%, bringing first quarter deliveries to 52,584 vehicles, up 65.8% year over year. The company also began deliveries of its Li L7 flagship family SUV and announced plans to deliver Li L7 Air and Li L8 Air models in April.

• As Texas sees a gradual increase in EV adoption, proposed state legislation aims to lay the groundwork for more fast-charging stations to meet growing demand.

• As Volkswagen strives to uphold its automotive industry standing, the company is focusing on a full transition to electric vehicles, encompassing the electrification of iconic models such as the Golf and Tiguan, as well as launching the budget-friendly ID 2all concept. The German automaker intends to allocate around $193 billion over the next five years toward the electrification and digitalization of its product range.

• Ford has revealed that it is well-positioned to achieve its EV production targets for 2023 and 2026, with electric vehicles expected to account for half of its sales by the decade's end. Driven by more than $50 billion in worldwide investments and the popularity of models such as the Mustang Mach-E and F-150 Lightning, Ford is on track to reach carbon neutrality by 2050.

• Club Car unveils the versatile Urban LSV and XR, street-legal electric vehicles designed for diverse applications such as large campuses and last-mile deliveries.

Ioniq 6

Careers

See our job openings and learn about our $599 referral program below! Featured jobs include:

• Senior HIL Test Engineer - Emobility (Portland)

• Product Manager - EV (Portland)

• Systems Integration Engineer - Electric Vehicle (Los Angeles)

Mobility EVo is a sister brand of EPG, a company that focuses on helping electric and autonomous vehicle clients hire the best people through superior industry and product-specific staffing expertise.

• Check out our EV education course!

• Share our sign-up page with your friends, family, and colleagues!