Elon Musk Expects “Significant Deal With Toyota” In 2-3 Years – Higher Volume Than RAV4 EV
The current Toyota RAV4 EV is dead just as soon as Toyota sells the remaining units, which at the end of August numbered only 470.
The initial Toyota-Tesla deal called for a total of 2,600 RAV4 EVs to be built and now as inventory dwindles down to zero, Toyota will be left without a pure electric vehicle to sell in the U.S.
Tesla CEO Elon Musk thinks that Toyota will be back for Round 2 soon though.
In speaking at the launch of the Tesla Model S in Japan, Elon Musk told reporters that Tesla expects to team up again with Toyota on a “significant” joint EV project within the next three years.
Musk believes that the next joint deal will be for higher volume than the limited-production RAV4 EV:
“I think that if you look out maybe two or three years from now, that I would not be surprised if there is a significant deal with Toyota.”
“My best guess is that it would probably be something significant, maybe on a much higher volume level.”
Of course, Toyota owns a stake (2.4%) in Tesla, so a future joint project shouldn’t be unexpected, but Toyota’s stance right now is that hydrogen fuel-cell vehicles are the future and it’s sticking with that statement for the time being.
On the flip side is Tesla CEO Elon Musk who basically sums up fuel-cell vehicles by calling them “fool cells.”
In our opinion, Toyota will come around to pure EVs and will certainly turn again to Tesla for assistance.
Officially, Toyota won’t comment on future products and has “nothing to say” in regards to the statements made by Elon Musk.
“We love working with Toyota. We have a huge amount of respect for them as a company and certainly much to learn.”
Source: Automotive News