Toyota, Tesla to Work on Electric RAV4

Toyota Motor Corp.’s partnership with electric car-maker Tesla Motors may yield results as early as 2012.
Toyota, Tesla to Work on Electric RAV4
7/18/2010
Updated:
7/18/2010

Toyota Motor Corp.’s partnership with California-based electric carmaker Tesla Motors may yield results as early as 2012. The companies announced that they are working on an all electric version of Toyota’s RAV4 compact SUV that could be on the market by 2012.

Tesla and Toyota signed an agreement in May to cooperate on development of electric vehicles for mass market. Tesla is already working on a prototype involving a current RAV4 vehicle, the company said in a statement. Tesla’s only current model is a Roadster all-electric convertible that sells for $100,000, and it is developing a Model S four-door sedan to retail around $50,000.