Photo: Toyota
Japanese automaker Toyota is now offering the RAV4 EV with a discount lease program in order to boost demand for the slow-selling Tesla-powered compact crossover.
According to The Detroit News, Toyota is promoting the RAV4 EV with a three-year lease of only $299 per month or a 60-month, no interest loan. The offer is available through September 3 in the Los Angeles and San Francisco regions, which are the crossover’s main markets.
“The use of our incentives is tactical, reinforcing our value and focus on keeping our products competitive in the market,” company spokeswoman Carly Schaffner said. “We’re still evaluating the market demand for EVs.”
Priced at $49,800, the RAV4 EV normally leases for $599 a month. The all-electric vehicle is powered by a 115 kW electric motor (154 HP) that returns a 0 to 60 mph (96 km/h) time of 7 seconds and a maximum speed rated at 100 miles per hour (160 km/h).
Story via TheDetroitNews
“The use of our incentives is tactical, reinforcing our value and focus on keeping our products competitive in the market,” company spokeswoman Carly Schaffner said. “We’re still evaluating the market demand for EVs.”
Priced at $49,800, the RAV4 EV normally leases for $599 a month. The all-electric vehicle is powered by a 115 kW electric motor (154 HP) that returns a 0 to 60 mph (96 km/h) time of 7 seconds and a maximum speed rated at 100 miles per hour (160 km/h).
Story via TheDetroitNews
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