Rivian Impact Report and Sustainability Goals

[echerod]

https://stories.rivian.com/impact-report

https://rivian.com/sustainability

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[KootenayEV]

Thanks for linking - on page 25, I noticed something interesting - they discuss the impacts of NCA and LFP chemistry. I was under the impression our R1's used an NCM chemistry - guess not!

 

[emoore]

But how can they be sustainable with all the vampire drain!!! /s

 

[CharonPDX]

Thanks for linking - on page 25, I noticed something interesting - they discuss the impacts of NCA and LFP chemistry. I was under the impression our R1's used an NCM chemistry - guess not!

R1 is NCA. Amazon vans are LFP.

 

[Tim-in-CA]

But how can they be sustainable with all the vampire drain!!! /s

Yea. They are burning a forest full of trees every night across the fleet! The constant waking up and data collection while vehicles are parked is not necessary. Data should be collected while the vehicles is being driven only.

 

[mwexler2]

R1 is NCA. Amazon vans are LFP.

Isn’t the R1 small pack supposed to also be LFP?

 

[CharonPDX]

Isn’t the R1 small pack supposed to also be LFP?

When it comes out.

 

[emoore]

Yea. They are burning a forest full of trees every night across the fleet! The constant waking up and data collection while vehicles are parked is not necessary. Data should be collected while the vehicles is being driven only.

That’s not what we signed up for. They can take data whenever. And last I checked we aren’t getting much energy from burning trees.

 

[NineElectrics]

Are they still selling pollution credits to the highest bidder? That negates any environmental benefit to buying a Rivian. They should keep these credits to themselves, not sell them in order to sabotage the EV programs of competitors. Then buying a Rivian would not allow some other legacy auto manufacturer to sell one more gas guzzling SUV.

 

[Riviot]

Are they still selling pollution credits to the highest bidder? That negates any environmental benefit to buying a Rivian. They should keep these credits to themselves, not sell them in order to sabotage the EV programs of competitors. Then buying a Rivian would not allow some other legacy auto manufacturer to sell one more gas guzzling SUV.

So don't take that additional revenue stream that makes Rivian more () affordable and funds the future R2 line? Let Tesla have a monopoly on the system that funds EV manufacturing?

 

[NineElectrics]

So don't take that additional revenue stream that makes Rivian more () affordable and funds the future R2 line? Let Tesla have a monopoly on the system that funds EV manufacturing?

It doesn't really fund EV manufacturing. The money is a drop in the bucket. But selling these credits:

• Measurably increases pollution, by allowing others to sell dirtier cars
• Delays the EV programs of other manufacturers, by allowing them to buy credits instead of selling EVs

If Tesla and Rivian didn't sell these credits, we would have a wider variety of EV models on the road, sooner, and at a cheaper price (in order to comply with regulatory quotas). So if you're pro-Rivian, or have a bunch of Rivian stock and that's all you care about sure, selling them is good. But if you're pro-planet Earth, selling them is bad.

Of course, Rivian's own sustainability report doesn't mention this foul practice at all. You can't trust corporate propaganda to give you the real picture.

 

[Riviot]

It doesn't really fund EV manufacturing. The money is a drop in the bucket. But selling these credits:

• Measurably increases pollution, by allowing others to sell dirtier cars
• Delays the EV programs of other manufacturers, by allowing them to buy credits instead of selling EVs

If Tesla and Rivian didn't sell these credits, we would have a wider variety of EV models on the road, sooner, and at a cheaper price (in order to comply with regulatory quotas). So if you're pro-Rivian, or have a bunch of Rivian stock and that's all you care about sure, selling them is good. But if you're pro-planet Earth, selling them is bad.

Of course, Rivian's own sustainability report doesn't mention this foul practice at all. You can't trust corporate propaganda to give you the real picture.

Rivian doesn't post REC revenue but Tesla does. $1.8 BILLION for 2022 with 1.3 million vehicles sold = $1384/vehicle * Rivians ~50k delivered for 2023... likely about $69 million. My only finance experience is in government, and last I checked, $69 million is an F-18 Super Hornet. That's a lot of dough to leave on the table for your principles.

The requirements lead to "dirtier cars" costing more since those manufacturers have to BUY the credits. Yeah if EV manufacturers didn't sell, they'd be forced to make changes. But... Capitalism and democracy. Can't always get everything You want, sometimes you need to make a deal with your neighbor so you are both semi-happy.

Take the dough and forsake mother Earth in the short term? Contribute to major EV competition. Stand on principle and leave it out there? Risk collapse.

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