Rivian has had its share of ups and downs since its launch of the R1T, which beat all of its rivals to market with a fall 2021 launch. The company has a promising future as well, having gone public for the first time last year with one of the world’s largest IPOs, with valuation crossing $100 billion dollars at one point. Since then however, the honeymoon has come to an abrupt halt. Ford has begun divesting its interest in Rivian, the company has had to walk up pricing, and layoffs are said to be looking. In addition, Rivian has punted further deliveries of its R1T electric truck to Canadian customers until at least 2023.
Rivian had established a goal of delivering R1T’s to Canada by November of 2021. That schedule had to be pushed back to the second half of this year and looks as though reservation holders will likely have delivery postponed, again, until the second half of 2023 now. According to The Rivian Owners Forum, the company sent out an email that pointed at supply chain issues and service infrastructure as the main culprits of the delay.
That’s something American customers have seen recently as well. On top of those slowdowns, Rivian allegedly not even applied for the CMVSS (Canada Motor Vehicle Safety Standards) certification through Transport Canada.
As of right now, Canada has only two Rivian R1T electric trucks in circulation, both of which belong to a CEO and CFO of the company brand. The goal was to deliver at least 15 R1T trucks to Canada by this year so things are creeping along at a snail’s pace to say the least. Rivian isn’t alone when it comes to painfully slow production times though. The entire industry is constrained on building pretty much anything. Needless to say, if you’re waiting for your R1T, it’s only a matter of time.