In no time at all, select California residents will be given access to a new kind of high economy and utility. Starting September 24, the Toyota RAV4 EV will be available for purchase with special financing and lease options. The zero-emissions SUV will be welcomed into the Golden State with numerous rebates, tax credits and special treatments. Not only will drivers be able to travel up to 103 miles on a full charge, but they will also be able to legally cruise in the High Occupancy Vehicle lane.
Jointly developed by Tesla Motors, the RAV4 EV is looking to be one of the most efficient SUVs ever created. The Tesla supplied battery and motor allow for a EPA rated mpg electric equivalent (MPGe) of 78 miles in the city and on the highway, an average of 71 MPGe should be achieved. When the utility hits, it will carry a starting MSRP of $49,800 but, the EV is expected to qualify for the Californian Clean Vehicle Rebate Program valued at $2,500. It is also eligible for the $7,500 Federal Tax Credit and if a full commitment isn’t comfortable, Toyota will offer a special lease program. Qualified customers can finance the RAV4 EV for 1.9 percent and sign a 36 month lease at $599 a month.
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