Rivian Deliveries/Production : Q1 2024

How electric vehicle sales go in 2024 will be watched with interest by many. Newbies like Rivian are entering an environment of uncertainty and greatly reduced growth. Still, if the product is desirable then there is no reason for pessimism. Below are the 2024 delivery and production figures for 2023 and 2024.  

Data & picture source: Rivian.

Deliveries are to the left and production to the right. In 2023 production was higher as inventory increased as expected. So far in 2024, numbers were much the same. The increase of 49% in production volume is very good but has to be tempered by the fact it is a new company. 

Rivian is estimating a production total of 57,000 which seems reasonable if not overly cautious. Perhaps a realistic reflection of the present electric car market. Whatever the outcome, at least the two current models passenger car models (SUV and pick-up) are in popular segments. I assume the data also includes a delivery van.