Toyota Motor Corp., the biggest maker of hybrid autos, said its electric RAV4 sport-utility vehicle with batteries and motor from Tesla Motors Inc. (TSLA) will cost more than twice as much as the gasoline version.
Toyota will sell the RAV4 EV for $49,800 this year in California, and plans to deliver 2,600 units over the next three years, the company said yesterday at the Electric Vehicle Symposium in Los Angeles. The base price of a 2012 RAV4 with a 2.5-liter gasoline engine is $22,650 on Toyota’s website.
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