Toyota RAV4

Back in July, Toyota and Tesla announced a joint venture to bring electric vehicles to market, and the first example – the RAV4 EV – is slated to go on sale in 2012. Now, an update from Toyota says the all-electric RAV4 will debut at the Los Angeles Auto Show this November, meaning that an on-sale date in 2012 doesn't seem all that unrealistic.

Speaking of 2012, Toyota also tweeted about its plans to bring the Prius PHEV to market in the second quarter of that year, citing May or June as a specific timeframe. When it launches, Toyota is targeting sales of roughly 20,000-plus units in North America, with the Chevrolet Volt and Nissan Leaf as the key competition.

[Source: Toyota]