Rivian concluded 2024 with 51,579 electric vehicles delivered, a significant increase from the previous year. The company produced 49,476 EVs, falling short of earlier projections due to component shortages. Despite workforce reductions and a competitive pricing environment, Rivian introduced the R2 SUV and announced a joint venture with Volkswagen. The year also saw Rivian secure a $6.6 billion loan commitment from the Biden administration for future expansions. However, the company faces potential challenges from political shifts that may impact EV incentives in 2025.