Tuesday, July 20, 2010

An Electric Toyota RAV4 Compact SUV by Tesla on its Way

Toyota RAV4

The leaked news that had recently hit the headlines about Tesla and Toyota coming together to bring an electric version of the Toyota RAV4, has now turned official. Under the strategic partnership of these two leading auto brands, the electric RAV4 compact sport-utility vehicle will not only be manufactured but also go on sales in 2012.

The two companies have signed an agreement to initiate the development of an electric version of the RAV4 as announced in May of this year by Elon Musk and Akio Toyoda. According to the statements from the two companies Tesla has already produced a prototype that is undergoing testing and plans to deliver more this year.

“Tesla’s goal is to produce increasingly affordable electric cars for mainstream buyers – relentlessly driving down the cost of EVs…..Tesla seeks to learn and benefit from Toyota’s engineering, manufacturing, and production expertise, while Toyota aims to learn from Tesla’s EV technology, daring spirit, quick decision-making, and flexibility, “ read the press statement.

An unnamed source also confirms to Autonews that the companies may also develop an electric Lexus RX luxury SUV in the very near future.

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