The incredible rise of Tesla's stock price has done little to now stop two major shareholders from ditching their stake in the American EV manufacturer. First, Daimler, parent company of Mercedes-Benz, ditched its four-percent stake, and less than a week later, Toyota is doing the same thing, selling off an undisclosed bit of its Tesla investment.
Toyota RAV4 EV News
You may recall earlier this month that noted environmentalist and celebrated actor Ed Begley, Jr. was auctioning his own 2002 Toyota RAV4 EV on eBay. Bidding got up to $13,655 without meeting the reserve, and the auction ended on June 12 without a sale. Now, though, the well-loved electric Toyota has found its way to Craigslist with a new, set price of $17,500.
You might know Ed Begley, Jr. from his Emmy-nominated role on St. Elsewhere or as one of the dead drummers in This Is Spinal Tap, his appearances on Arrested Development, Six Feet Under, and Battlestar Galactica, his reality show Living With Ed or from his years as an environmental activist (or, better yet, from previous coverage of him on AutoblogGreen).
The old-school Toyota RAV4 EV you see above is the California Air Resources Board's version of a non-participant observer. The all-electric vehicle cruises around the state measuring airborne pollution. Since it's powered by batteries, there are no tailpipe emissions created as CARB tries to get a handle on how dirty the roadway air is.
When it comes to battery-electric vehicles, our friend Brad Berman over at Plug In Cars says 40 miles makes all the difference in the world. That's the approximate difference in single-charge range between the battery-electric version of the Toyota RAV4 and the Nissan Leaf. It's also the difference between the appearance or disappearance of range anxiety.
Toyota is greasing the skids for more green car purchases with the announcement of a $1.75-billion bond designed to finance the purchase of high-efficiency Toyota and Lexus models. The Asset-Backed Green Bond is a first for the automotive industry and is making a lot of money available to buy or lease the following vehicles: any of the four Prius variants, Camry Hybrid, Avalon Hybrid, RAV4 EV, Lexus CT 200h and Lexus ES 300h.
Turbocharging isn't really Toyota's specialty, and the Japanese automaker isn't being shy about acknowledging it. Koei Saga, a senior managing officer in charge of drivetrain research and development, says that eschewing turbos and increasing displacement of engines using the Atkinson cycle can produce better power gains without sacrificing fuel economy, Automotive News reports.
Toyota is working with satellite-television provider DirecTV on hyper-targeting TV advertising for the automaker's RAV4 electric vehicle in an effort to more efficiently boost sales for the limited-volume model, Bloomberg News reports. DirecTV run RAV4 EV ads specifically in the Los Angeles, San Diego and San Francisco, where the SUV is sold, and may further be able to hone in on potential buyers based on information from credit cards and other sources of subscriber data. The broadcaster will be
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
Toyota has never been a big fan of lithium ion batteries, and has a plan in place to replace them with solid-state batteries that are three-to-four times more powerful. Toyota will commercialize solid-state batteries around 2020 and lithium air batteries – which offer a fivefold increase for the same weight – could follow several years later, said Shigeki Suzuki, managing officer for material engineering. Suzuki didn't offer details on a rollout plan or vehicle volumes.
It's no secret that our site closely follows every move of Tesla Motors. They have successfully launched an all-electric sports sedan to critical acclaim. They have a stimulating and opinionated CEO that also sends rockets into space. They're bold enough to challenge the pundits and often come out on top. So, while this story has Toyota in its title, it's important to note that the RAV 4 EV wouldn't have been possible without Tesla.
Popular Science has named the winners in its Best of What's New awards, the victors coming in the categories of aerospace, automotive, engineering, entertainment, gadgets, green, hardware, health, home, recreation, security and software. The automotive category did not go wanting for lauded advancements:
- Most and least efficient car companies
- Fastest-depreciating cars in the United States
- Find and compare 2017 Models