Toyota RAV4 EV goes on sale in under two weeks, in California
The Toyota RAV4 EV all electric SUV developed in collaboration with Tesla Motors is coming to California in less than two weeks. The second generation RAV4 EV, which was first announced in July 2010 as a joint venture between Toyota and Tesla shortly after Toyota invested in Tesla, has long been expected to begin deliveries this year. It is an electric version of the regular Toyota RAV4 EV, and sports an all electric drive train developed by Tesla Motors.
At the official launch event in May 2012, Toyota promised that RAV4 EV deliveries would begin in late summer 2012. Today, Toyota announced deliveries will begin the week of September 24, 2012 through select California dealers, focusing on major metropolitan markets.
The RAV4 EV has an MSRP of $49,800 and can either be purchased or leased. Special purchase financing of 1.9 percent APR is available for qualified customers, as well as a 36 month lease option at $599 per month with $3,499 drive off. Additionally it is expected to qualify for a $2,500 rebate through the Clean Vehicle Rebate Program in California, and is eligible for the $7,500 Federal Tax Credit for electric vehicles. The company expects to sell 2,600 units of the second generation RAV4 EV through the end of 2014.
As for fuel efficiency, the RAV4 EV has an EPA rated range of 103 miles, 78 city miles per gallon equivalent (MPGe), 74 highway MPGe and 76 combined MPGe.