TOKYO AND PALO ALTO, CA - Toyota Motor Corporation (TMC) and Tesla Motors, Inc. have signed an agreement to initiate the development of an electric version of the RAV4.
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, according to the companies.
In May, Tesla and TMC announced their intent to cooperate on the development of electric vehicles, parts, and production system and engineering support.