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  • Rivian announces price increases for R1T and R1S in Canada, reaching up to CA$10,000.
  • The company attributes the increases to shifts in the exchange rate between CAD and USD.
  • Customers must act by February 25 to lock in current prices before the change takes effect.

If you live in Canada and want to get behind the wheel of a new Rivian R1S or R1T, you better do so quickly, or else you’ll be faced with a significant price increase. Starting February 25, the American EV maker is jacking up the prices of their two EVs by up to CA$10,000 (~$7,000).

As it stands, the Rivian R1T starts at CA$101,900 (~$71,300) for the entry-level Dual Standard, CA$111,900 (~$78,300) for the R1T Dual, and CA$142,900 (~$100,000) for the R1T Tri. The R1S SUV is a little more expensive, starting at CA$109,900 (~$77,000) for the Dual Standard, CA$119,900 (~$84,000) for the Dual, and CA$150,900 (~$105,600) for the Tri.

Read: Trump Now Threatens Canada With Up To 100% Car Tariffs

A recent email sent to Canadian customers revealed that prices will soon jump by up to CA$10,000 (~$7,000). Rivian didn’t specify if the price hike will be across the entire range. What it does say is that the reason behind the new pricing is the recent changes in the exchange rate between the US and Canada. The threat of 25% tariffs from the United States likely has something to do with this.

In the months since Trump’s 2024 election win and following repeated threats to hit Canada with hefty tariffs, the value of the Canadian dollar has fallen against the US. Despite the 25% tariffs recently delayed by 30 days, following Canada’s agreement to implement new policies to protect its border with the United States, the value of the Canadian dollar against the US dollar took a hit.

Rivian increasing prices in Canada even before Tariff.
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In the email, Rivian has encouraged tempted buyers to lock in an order before the price “adjustment goes into effect.”

Earlier this week, Ford chief executive Jim Farley described the ongoing tariff issues as generating “a lot of cost and a lot of chaos.” In the US, as many as 20% of all new cars could be hit directly by tariffs against Canada, Mexico, and China.

Rivian Warns Canadian Buyers, Buy Now Before $10,000 Price Hike