Tesla Deal To Supply Toyota RAV4 EV Powertrain To End This Year

17 Янв 2015 | Author: | No comments yet »

Tesla Deal To Supply RAV4 EV Powertrain To End This

Several news reports the weekend noted that contract  to supply Toyota electric powertrains for its RAV4 EV would end next year.

In the of Tesla’s latest quarterly cited by Bloomberg in a Saturday story, “Toyota is expected to end the RAV4 EV model this

But a few other outlets have this statement to indicate the Toyota-Tesla deal is ending that there was a possibility the EV might continue beyond contradicts what’s known the deal, and the RAV4 EV itself.

Let’s review.

In May 2010, shocked the industry by announcing it buy a share in Tesla Motors, a visit by its new CEO Akio Toyoda to Silicon Valley headquarters and a with its CEO Elon Musk.

Toyota RAV4 EV, Newport California, July 2012

The included Tesla’s purchase of decommissioned assembly plant in Fremont, California, which now uses to build its Model S luxury sedan.

And, the also included a contract which Tesla would complete electric powertrains—battery electric motors, and associated an all-electric version of the Toyota that Toyota would use to with California rules it to sell a certain number of vehicles.

That car, the Toyota EV, was shown as a concept at the November Los Angeles Auto Show, in form the following year, and on sale in September 2012. said it would sell Toyota RAV4 EVs during years 2012 through

2012 Toyota RAV4 EV, Beach, California, July

While cumulative sales of the crossover through last were roughly 1,600, fairly confident it will and offer the full allotment of if it has to put them into fleets, them for very little or otherwise subsidize them

Doing so will keep the in compliance with the zero-emission sales rules issued by the Air Resource Board (CARB), is precisely why the RAV4 EV is called a car and sold or leased only in

But according to Bloomberg, Tesla CEO had said he expected Toyota to the agreement—initially worth as much as million, based on a July filing.

Now, Tesla has said, production activities under program are expected to end in 2014.

Toyota RAV 4

to the same Tesla filing, the earned $15.1 million Toyota in the first quarter for battery packs.

2012 RAV4 EV, Newport Beach, July 2012

A mere quarterly payments of that completes the entire contract, according to a July 2011 by Tesla Motors, is worth million all told.

That buys Toyota all the joint work contributed by Tesla, 2,600 battery packs, and associated electronics. That’s $40,000 for each Toyota EV, if all costs for which Toyota are rolled in.

With payments to Tesla by in 2012, 2013, and this the $100 million level be too hard to reach—meaning the contract is largely on schedule.

Toyota John Hanson told that the company has not made any either about the Tesla or any future projects.

He called the EV program a specific number of that we planned to sell for a number of years.

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Toyota RAV 4
Toyota RAV 4
Toyota RAV 4
Toyota RAV 4


Toyota RAV 4

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