Skip to content
Subscriber Only

Toyota Adds Discounts for Tesla-Powered RAV4 EV

Toyota Motor Corp. is discounting its all-electric RAV4 through low-cost lease and loan offers to boost demand for the slow-selling compact crossover, powered by a Tesla Motors Inc. battery pack and motor.

Toyota, the world’s biggest maker of hybrid autos, this month is promoting the option of a $299-a-month, three-year lease for the $49,800 light truck, or a 60-month, no-interest loan, according to the company’s website. The offers run through Sept. 3 and are available only in the Los Angeles and San Francisco regions, the vehicle’s main markets, said Carly Schaffner, a company spokeswoman.