The video posted earlier on YouTube has been taken down by Rivian, but if you want see a car that can already do it, check out the Schaeffler Audi RS3. Not only can it do the world's best donuts, it can go over 130 mph in reverse. TLDW - both links start at the 12-minute mark.

https://www.youtube.com/watch?v=qeXZs_XAmME

https://www.youtube.com/watch?v=7pYWLV_HLWA