Tesla Motors and Toyota have announced that they are working on an all-electric version of the Toyota RAV4. Tesla expects to deliver the prototypes by the end of this year, with the car going on sale in 2012.
Electric vehicle nerds will remember that this isn’t the first time an electric RAV4 has been sold. Toyota offered the RAV4 EV from 1997-2003. 328 RAV4 EVs were leased sold to customers in California, and the cars were destroyed once customers returned them at the end of their lease period. While some managed to survive, Toyota initially did not want to support the vehicles, which were based on the obsolete first-generation RAV4. Hopefully Toyota is better prepared to handle the 2nd generation RAV4 EV, and with a $50 million dollar investment in Tesla, we’d expect that they have some more inclination than the first time around.
Hit the jump to read the official press release
Palo Alto, California, U.S.A., and Tokyo, Japan — TESLA MOTORS, INC. (Tesla) and TOYOTA MOTOR CORPORATION (TMC) today announced that 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. With an aim to market the EV in the United States in 2012, prototypes will be made combining the Toyota RAV4 model with a Tesla electric powertrain. Tesla plans to produce and deliver a fleet of prototypes to Toyota for evaluation within this year. The first prototype has already been built and is now undergoing testing.
In May, Tesla and TMC announced their intent to cooperate on the development of electric vehicles, parts, and production system and engineering support. 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.
TMC has, since its foundation in 1937, operated under the philosophy of “contributing to society through the manufacture of automobiles,” and made cars that satisfy its many customers around the world. TMC introduced the first-generation Prius hybrid vehicle in 1997. The company also plans to introduce EVs into the market by 2012.
Tesla’s goal is to produce increasingly affordable electric cars for mainstream buyers – relentlessly driving down the cost of EVs. California-based Tesla designs and manufactures EVs and EV powertrain components, and is currently the only automaker in the U.S. that builds and sells highway-capable EVs in serial production.
Tesla Motors: +1 650 681-5452 (Khobi Brooklyn, email@example.com )
Toyota Motor Corporation: +81 3 3817-9161/9158 (Paul Nolasco, Mieko Iwasaki)