Tesla Signs $100 Million Deal for Electric Toyota RAV4

Tesla Motors has signed a $100 million dollar deal with Toyota to build the electric powertrain for the Toyota EAV4 EV.

Tesla is going to supply the RAV4’s electric motor, transmission, battery and charging system. Production is expected to kick off next year. Toyota recently squashed rumors that the RAV4 EV would only be available for fleet customers.

“The 2012 RAV4 EV will definitely be sold to the general public. We anticipate robust public interest in the RAV4 EV and are keen to inform consumers that their future vehicle options include a battery electric Toyota.”