Tesla pulling plug on Toyota RAV4 EV battery deal

Tesla pulling plug on Toyota RAV4 EV battery deal

May 13, 2014 by · Leave a Comment 

Filed under: Plants/Manufacturing , Crossover , Toyota , Earnings/Financials , Tesla , Electric The future of the Toyota RAV4 EV appears to be in doubt. Tesla supplies the EVs battery packs, and it says that production ends later this year. ” Toyota is expected to end the current RAV4 EV model this year,” Tesla said in its quarterly financial filing obtained by Bloomberg . “Our production activities under this program are expected to end in 2014,” the company said. This timeline fits closely with the original production plans for the RAV4 EV. When the $100-million project was first announced, Tesla said that it expected to supply battery packs for the vehicle from 2012 to 2014 . Building components for the Japanese automaker continues to bring in money, though. In the company’s Q1 2014 letter to shareholders , it said: “Automotive revenue included $15 million of Toyota powertrain sales.” According to Bloomberg , Toyota has sold just 1,594 RAV4 EV models from 2012 through April 2014. Initially, the business had estimated that it would sell 2,600 units of the electrified crossover . Toyota has not officially said that it plans to end production of the RAV4 EV yet.

Toyota RAV4 EV lease gets cut in half to $299/month

Toyota RAV4 EV lease gets cut in half to $299/month

August 28, 2013 by · Leave a Comment 

Filed under: Car Buying , Crossover , Toyota , Electric If you’re in the market for a new electric vehicle, now is definitely the time to buy or lease. Following price drops on just about every other EV on the market, Toyota is looking to push a few more all-electric RAV4 crossovers out the door over the Labor Day weekend. The Detroit News is reporting that, through September 3, anyone looking to get into a RAV4 EV in Los Angeles or San Francisco, can get a deal: a $299 a month lease (no word on down payment, though) or zero-percent financing for 60 months for buyers. The $49,800 RAV4 EV normally leases for twice as much – $599 a month – so this move could be an attempt to sell more of the 2,600 units Toyota has planned to produce . Or maybe, if you thought $599 was a fair price, you can now get two RAV4 Evs. Although temporary, the price drop comes at a time when many other EVs on the market have had their prices reduced, including the Nissan Leaf , Chevy Volt , Smart Fortwo ED and Honda Fit EV , not to mention already low prices for the Fiat 500e and Chevy Spark EV . *Note: 2012 RAV4 EV pictured here Toyota RAV4 EV lease gets cut in half to $299/month originally appeared on Autoblog on Tue, 27 Aug 2013 18:00:00 EST. Please see our terms for use of feeds . Permalink

Toyota RAV4 EV production set for Ontario, Canada

Toyota RAV4 EV production set for Ontario, Canada

August 5, 2011 by · Leave a Comment 

Filed under: Plants/Manufacturing , Crossover , Toyota , Canada , Tesla , Electric All 2012 RAV4 EV models destined for the U.S. will be manufactured in Ontario, Canada, according to Toyota Motor North America senior vice-president Ray Tanguay. Speaking on the sidelines of the Center for Automotive Research’s Management Briefing Seminars in Traverse City, MI, Tanguay told Ward’s Auto : “Yes, we’re just going into final details right now. Obviously we’re not going to [import it from] Japan – that would make no sense. ” Tanguay says Toyota’s factory in Woodstock, Ontario, current site of production for all U.S.-bound RAV4 s, will easily accommodate assembly of the electrified crossover. The precise on-sale date of the RAV4 EV is, according to Tanguay, “still in negotiation,” but Toyota has committed to 2012 for its retail launch. Furthermore, Tanguay says: “We don’t know the spec; we don’t know the content. All we know basically is we have an agreement to develop this with Tesla , and we have to assemble that vehicle in North America. To back up Tanguay’s words, Toyota today confirmed that Ontario will be the site of production for the RAV4 EV. For the official press release, click through to the jump.

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