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The Electric Car Future Revs Up

Written by: Anton Wahlman, Contributor 05/02/12 - 9:03 AM EDT
Tickers in this article: TSLA GM TM
NEW YORK (TheStreet) -- Two important electric car updates happened in the last 48 hours:

1. Toyota(TM) announced it will provide the details of its Tesla(TSLA) -based electric SUV next Monday.

2. GM(GM) announced April month sales, where Chevrolet Volt inventories are down to an extreme low and sales exceeded the iconic Corvette.

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Let's deal with these two topics in turn:

Toyota's New Electric SUV

Toyota announced two years ago that it had enlisted Tesla in making an all-electric version of a future RAV4 model, Toyota's smallest SUV sold in the U.S. market. A year ago, it gave a few journalists the opportunity to drive an early prototype.

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Next Monday, it will unveil the final product at a trade show in Los Angeles. It is believed that the production model will be an all-new car, with only the basic outer dimensions resembling the current RAV4 model. It is likely to go into production in the next couple of months, with the first deliveries in California happening by September.