Toyota RAV4 EV

Toyota RAV4 EV

In its recent Q1 filing, Tesla Motors announced that it will fulfill its deal to supply Toyota RAV4 EV components sometime in 2014.

Back in 2012, Toyota inked a deal with Tesla calling for the electric automaker to supply components for 2,600 electric RAV4 EVs.  Elon Musk, CEO of Tesla Motors, had expected Toyota to expand upon that initial agreement, but the Japanese automaker is instead moving towards fuel-cell vehicles, so the death of the RAV4 EV is near.

Per Tesla's Q1 filing:

“Toyota is expected to end the current RAV4 EV model this year... our production activities under this program are expected to end in 2014.”

As of April 30, 2014, only 1,006 Toyota RAV4 EVs remained to be sold out of the initial 2,600-unit deal for the US.

Toyota spokesman, John Hanson, commented:

“This was a project for a specific number of vehicles that we planned to sell for a specific number of years.  We have not made any announcement about the relationship or what we’ll do with Tesla in the future.”

The much-loved RAV4 EV is the non-Tesla badged range king of the automotive world.  Unfortunately it's only sold in California and is strictly a compliance EV.

Next year, Toyota moves fully into launching its hydrogen fuel cell sedan.  It too will be a California-only compliance vehicle.

Source: Bloomberg