The $49,800 RAV4 EV will be available through a 1.9-percent APR loan for qualified customers and a 36-month lease option at $599 per month with $3,499 down. It's coming to select California dealers in major metro markets the week of September 24, 2012. The RAV4 EV is eligible for the $7,500 federal tax credit and is also expected to qualify for a $2,500 rebate through California's Clean Vehicle Rebate Program. It will qualify for a white sticker in the state's High Occupancy Vehicle (HOV) program. The sales volume is only expected to reach 2,600 through 2014, but this might (might) increase if Toyota decides to build more.
California is the most logical market to start up in. The first version of the RAV4 EV came to California to meet the state's zero emission vehicles (ZEV) mandate. About 1,500 of them were sold between 1997 and 2003, and perhaps these owners will be interested in the second generation RAV4 EV. It's also the state where the supplier of the RAV4 EV's battery and electric powertrain, Tesla Motors, is based.
EV supplier equipment provider Leviton is the approved Toyota charger partner. The fastest available charge time is approximately six hours, through Leviton's custom 240V (Level 2), 40A, 9.6 kW output charging station. For more information on charging options, go here. For details on the Toyota dealer network offering the RAV4 EV, go here.
- EPA rated driving range of 103 miles and 76 MPGe combined
- Special Financing & Lease Program Available
- On Sale the Week of September 24th
The RAV4 EV will go on sale the week of September 24, 2012 through select California dealers, focusing on major metropolitan markets. With a manufacturer's suggested retail price of $49,800, RAV4 EV customers will have the option of a purchase or lease program. 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. Sales volume is planned for approximately 2,600 units through 2014.
The RAV4 EV is expected to qualify for a $2,500 rebate through the Clean Vehicle Rebate Program in California and also is eligible for a $7,500 Federal Tax Credit. The vehicle will qualify for the California High Occupancy Vehicle (HOV) lane white sticker program.
Interested customers can visit www.toyota.com/rav4ev to sign up for additional information and be connected with an authorized dealer.
Toyota's approved electric vehicle supplier equipment provider is Leviton. Leviton offers multiple options for charging solutions. For the shortest charge time of approximately six hours, Leviton offers a custom 240V (Level 2), 40A, 9.6 kW output charging station. For more information visit Leviton.com/Toyota. The vehicle comes equipped with a 120V (Level 1) 12A charging cable for instances when the recommended 240V (Level 2) charging is not available.
The RAV4 EV is the product of a unique collaboration with Tesla Motors spurred by Akio Toyoda, president and chief executive officer of Toyota Motor Corporation. The RAV4 EV combines a Tesla designed and produced battery and electric powertrain with Toyota's most popular SUV model.