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Rivian sees 32% increase in Q3 deliveries as tax credits end
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CBT News
On the Dash:Rivian narrowed its 2025 delivery guidance to 41,500–43,500 vehicles despite a 32% Q3 delivery surge.
The expiration of U.S. EV tax credits and high tariffs are increasing costs and creating uncertainty for the EV market.
Notably, the company reported a nearly 32% increase in third-quarter (Q3) deliveries, totaling 13,201 vehicles and surpassing analysts’ forecast of 12,690.
The surge also reflects the rush by U.S buyers to secure tax credits before they expired Tuesday.
Industry analysts predict that the expiration of consumer tax credits could negatively impact EV sales and leasing in the coming quarters.