Buried in a press release from Toyota about the loan and lease options for the 2012 Toyota RAV4 EV is the long-awaited confirmation that this is a 100-mile electric vehicle. The EPA has tested the CUV and rates it as having a driving range of 103 miles fully charged and 76 combined miles per gallon equivalent (74 highway and 78 city). This makes it the first non-Tesla-branded EV the EPA has rated at over 100 miles.
The $49,800 RAV4 EV will be available through a 1.9-percent APR loan for qualified customers and a 36-month lease option at $599 per month with $3,499 down. It’s coming to select California dealers in major metro markets the week of September 24, 2012. The RAV4 EV is eligible for the $7,500 federal tax credit and is also expected to qualify for a $2,500 rebate through California’s Clean Vehicle Rebate Program. It will qualify for a white sticker in the state’s High Occupancy Vehicle (HOV) program. The sales volume is only expected to reach 2,600 through 2014, but this might (might) increase if Toyota decides to build more.
California is the most logical market to start up in. The first version of the RAV4 EV came to California to meet the state’s zero emission vehicles (ZEV) mandate. About 1,500 of them were sold between 1997 and 2003, and perhaps these owners will be interested in the second generation RAV4 EV. It’s also the state where the supplier of the RAV4 EV’s battery and electric powertrain, Tesla Motors, is based.
EV supplier equipment provider Leviton is the approved Toyota charger partner. The fastest available charge time is approximately six hours, through Leviton’s custom 240V (Level 2), 40A, 9.6 kW output charging station. For more information on charging options, go here. For details on the Toyota dealer network offering the RAV4 EV, go here.
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By Jon LeSage