Toyota Motor Corporation announces price of electric version of RAV4

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Toyota Motor Corporation (NYSE: TM) (LSE: TYT) (TYO: 7203),a Japan-based automaker, has announced the price of the electric version of its RAV4 sport utility vehicle for the United States market.

The vehicle is to be priced at $50,000 before government incentives designed to speed the adoption of alternative fuel cars.

The model has been developed in collaboration with Tesla Motors.

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