Toyota Motor Corp. and its Silicon Valley partner Tesla Motors Inc. will develop an electric version of Toyota’s popular RAV4 SUV.
The two companies will work on prototypes combining the RAV4 model with a Tesla electric powertrain and expect to sell it in the United States in 2012, Tesla said.
It said a first prototype already has been produced.
Motor Trend is also reporting that Toyota is hard at work on a fully electric supercar. If there’s any truth to this report, it is said that Toyota President Akio Toyoda was so impressed after a spin in Elon Musk’s Tesla Roadster that he immediately green-lit a feasibility study into the electric supercar project.
“Tesla’s goal is to produce increasingly affordable electric cars for mainstream buyers — relentlessly driving down the cost of EVs,” the company said in a statement.
Tesla now sells an electric roadster priced at just over $100,000, while Toyota is a leader in gas-electric hybrid vehicles and also plans to sell electric cars.
The two companies announced in May that they would team up to develop electric cars