A collaboration of Toyota Motor Corp. and Tesla Motors Inc., is all set to pull out a battery-laden model of RAV4 compacted sports car as soon as 2012.
The duo proclaimed that plan on Friday, adding that they have already started the development of the car. They are likely to launch it after two years.
A sample of the vehicle has already been developed by Tesla, which is being tested by the collaboration now.
Chief Executive Officers Akio Toyoda of Toyota and Elon Musk of Tesla, had declared that the agreement between the two automobile giants in May.