The Toyota RAV4 EV is the first SUV on the modern market to boast fully electric-powered driving.
Created as a joint venture between Toyota and Tesla, the vehicle will become the biggest E-powered automobile to cruise around the streets without guzzling down gas. The vehicle is estimated to get approximately 100 miles per charge, which is on par with other electric vehicles available for purchase.
The car is still on the higher end when it comes to its price point, with a starting cost of $$49,800 US, but for the environmentally conscious person who needs extra cargo room it would be money well spent. Designed to mimic to the design of the original RAV4, the SUV does fall a bit short when it comes to utility as it has been designed with front-wheel drive functionality rather than the four-wheel drive capabilities of its predecessor.
What's Driving This Trend
- Electric Suvs
- The rise of fully electric-powered SUVs presents an opportunity for companies to invest in technology and solutions to support this trend.
- Sustainable Transportation
- Manufacturers and innovators can tap into the growing demand for sustainable transportation solutions by creating eco-friendly and cost-effective vehicles.
- Joint Ventures
- Joint ventures between companies can pave the way for new developments and create opportunities for innovation in the electric vehicle market.
Who This Affects Most
- Automotive
- The automotive industry can capitalize on the trend towards electric SUVs by investing in research, development and production of eco-friendly vehicles.
- Energy
- The shift towards electric vehicles creates an opportunity for the energy industry to develop new sources of renewable energy and storage systems for the electricity needed to power these vehicles.
- Consumer Electronics
- Consumer electronics companies can leverage the trend towards electric vehicles by creating innovative technologies and features to enhance the user experience in electric SUVs.
