Toyota Motor Corporation (NYSE:TM) has announced the launch of the electric version of its RAV4 SUV at the Electrical vehicle Symposium in Los Angeles. The vehicle will be featuring batteries and electric powertrain from Tesla Motors Inc. (TSLA).
The Japanese automobile major has set the base price of the all-new RAV4 EV at $49,800, which is more than double the starting price of the gasoline version of RAV4 SUV. The initial price of 2012 RAV4 2.5 liter gasoline engine is $22,650.
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