CompaniesRivian Automotive IncLucid Group IncTesla Inc May 6 (Reuters) - Electric vehicle makers Rivian (RIVN.O), opens new tab and Lucid (LCID.O), opens new tab warned of higher costs from U.S. tariffs on imported vehicles and auto parts, even as automakers scramble to rework sourcing of critical supplies and minimize disruption. Rivian CEO RJ Scaringe told Reuters that the cost per vehicle was expected to rise by "a couple of thousand dollars" due to tariffs. The EV maker is also anticipating a sharper-than-expected fall in 2025 deliveries as consumer confidence suffers due to tariff-induced economic uncertainties. Advertisement · Scroll to continue Lucid's interim CEO said the luxury electric vehicle maker was expecting a rise of 8-15% in overall costs due to tariffs, without taking into account its mitigation efforts. Lucid, however, stuck to its production forecast of 20,000 units for the year. Several automakers, including Tesla (TSLA.O), opens new tab, have also said they were reassessing their full-year targets in the face of tariff uncertainty. "The current global economic landscape presents significant uncertainty, particularly regarding evolving trade regulation, policies, tariffs and the overall impact these items may have on consumer sentiment and demand," Rivian said in a letter to shareholders. Advertisement · Scroll to continue "These factors are expected to impact our global supply chain, material costs and access, capital expenditures, and market dynamics," it said, adding that the company was trying to mitigate the risks with "strategic sourcing and proactive engagement with policymakers." Rivian said it was now expecting to hand over between 40,000 and 46,000 units this year, down from its earlier projection of between 46,000 and 51,000 vehicles. The company also increased its forecast for capital expenditures for the year to between $1.8 billion and $1.9 billion from between $1.6 billion and $1.7 billion predicted earlier. The Trump administration last month introduced 25% tariffs on imported vehicles and auto parts, but recent changes are set to exempt vehicles with at least 85% domestic content from the full tariff, while also offering a 15% credit on imported parts. Ad Break Coming Up NEXT StayNext OffEnglish 180p288p360p480p540p576p720pHD1080pHDAuto (180p) About ConnatixV580891 About ConnatixV580891 Continue watchingafter the adVisit Advertiser websiteGO TO PAGE Rivian on Monday said it would invest $120 million to bring its key parts suppliers near its plant in Illinois, as the electric vehicle-maker prepares to produce its smaller, more affordable R2 SUVs next year. Rivian, facing soft demand due to factors such as the Los Angeles fires and a consumer shift toward cheaper hybrid vehicles in an uncertain economy, saw a 36% drop in deliveries to 8,640 in the first quarter that still exceeded analysts' expectations. The company also plans to halt production for several weeks in the second half of this year to prepare for the R2 vehicle launch in early 2026, potentially constraining output and revenue. Its first-quarter revenue of $1.24 billion was above the analysts' average estimate of $1.01 billion, according to LSEG data. Reporting by Akash Sriram in Bengaluru, Abhirup Roy in San Francisco and Juby Babu in Mexico City; Editing by Anil D'Silva Purchase Licensing Rights Akash SriramThomson ReutersAkash reports on technology companies in the United States, electric vehicle companies, and the space industry. His reporting usually appears in the Autos & Transportation and Technology sections. He has a postgraduate degree in Conflict, Development, and Security from the University of Leeds. Akash's interests include music, football (soccer), and Formula 1.