Toyota offers big discounts on slow-selling RAV4 EV

Toyota RAV4 EVThe Toyota RAV4 EV may be the only electric SUV on the market, but Toyota is still having trouble selling it. Sales are down to roughly 30 units a month, so the company is offering significant discounts on the EV to generate more traffic in showrooms.

On paper, the RAV4 EV looks like something customers would flock to. Based on Toyota’s popular small crossover, it has an electric motor and lithium-ion battery pack from Tesla Motors.

Despite being significantly larger, the RAV4 EV hustles to 60 mph faster than a Nissan Leaf: 8.6 seconds (or 7.0 seconds in sport mode) against the Nissan’s 9.4. It also offers an impressive 103 mile range, although the battery pack takes six hours to charge with a Level 2 (240 volt) charger.

Toyota doesn’t have lofty sales goals, either. The Japanese carmaker only plans on selling 2,600 RAV4 EVs over three years; after that they will go out of production. It was originally meant as a stopgap effort (hence the Tesla tie-in) while future products were developed, but Toyota has since decided to get out of the EV game altogether.

The RAV4’s high price is probably the culprit. The base price is $49,800, and a three-year lease for $599 a month with a $3,499 down payment is also being offered. In comparison, a regular 2012 RAV4 starts at $22,650.

The RAV4 EV is eligible for $2,500 California and $7,500 federal tax credits, and now Toyota will offer a deduction of its own. Between now and January 1, 2013, buyers can get 0 percent financing and a $5,000 rebate, plus a $2,500 loyalty bonus for returning Toyota customers.

If a buyer qualifies for all of those rebates and discounts, he or she will cut $17,500 from the RAV4 EV’s price. At $32,300, it looks like a much better deal compared to the $35,200 Leaf.

The RAV$ EV is only sold in California, ground zero for green cars, so its unique body style won’t necessarily make it a standout. On the other hand, who doesn’t love a deal?

Smart Home

Best Buy offers a slew of Black Friday deals for smart home, security, and Wi-Fi

Building the excitement for Black Friday, Best Buy released its first round of deals for smart home, security, and Wi-Fi devices from Amazon, Ring, Lenovo, Philips Hue, Arlo, and Netgear. The deals in the first round expire November 11.

Ares turns the Tesla Model S into a two-door roadster with Italian flair

Italian coachbuilder Ares has done what Tesla won't. It's taking a Model S, chopping off the roof, and sending the rear doors back to the parts bin to create a roadster that's ready for the French Riviera.

Walmart discounts Oral-B electric toothbrushes before Black Friday

There are a lot of really expensive toothbrushes out there, but if you're looking for something affordable, this these Oral-B electric toothbrushes are perfect for you. They oscillate, rotate, and pulsate to help remove more plaque.

Everything you need to know about Macy’s Black Friday and Cyber Monday deals

The most popular shopping holiday is coming soon. During November we will be hunting down Macy's best holiday deals leading up to Black Friday and Cyber Monday. Make sure to come back every week to catch the best savings of the shopping…

Camaro vs. Mustang: Differences and similarities between two premier pony cars

The Chevrolet Camaro and the Ford Mustang are two of America's favorite sports cars. In this comparison piece, we highlight the main differences between the two machines when it comes to their design and performance, among other factors.

Roborace wants human drivers and machines to work together

Roborace believes the future of racing is autonomous, but it's keeping human drivers in the picture for now. For its first race season, Roborace will use a car called DevBot 2.0 that can be driven by humans or machines.
Emerging Tech

Awesome Tech You Can’t Buy Yet: 1-handed drone control, a pot that stirs itself

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!

Tesla raises prices and simplifies options on Model S and Model X

Tesla is making changes to its offerings of the Model S and Model X. The lower-range 75D models will increase in price, while the higher-range 100D models will decrease in price.

Tesla brings track mode to Model 3 Performance

The new Track Mode introduced for the Tesla 3 Performance model adds stability to the drive while you're behind the wheel and is specifically designed for driving on closed track courses.

Jaguar’s rally-ready F-Type roadster is happiest off the pavement

Jaguar is celebrating the XK120's 70th birthday by turning the F-Type roadster into a rally warrior. Built to FIA specifications, the model receives suspension and braking upgrades plus a full roll cage to protect the occupants.

Lyft’s new rewards program promises ride discounts and comfier cars

If you're always hopping in and out of a Lyft car, then you'll be pleased to hear that the ridesharing service is about to launch a rewards program. Perks include discounts on future trips and upgrades to comfier cars.

Study suggests autonomous cars could become red-light districts on wheels

Fully autonomous cars can change the way we commute, but they can also have a far-reaching impact on the tourism industry. Two researchers published a study that outlines how self-driving technology could create a new dimension in tourism.

VW will use Siri as the designated driver for its connected car party

Volkswagen of America added Apple's Siri to help drivers control and interact with their cars. Owners can customize voice commands to tell Siri to change access settings such as interior climate, vehicle lock status, and fuel checks.

Meet the born-again Ford Bronco that will soothe your ’90s nostalgia

Ford has confirmed it will bring the Bronco back to American showrooms in a few short years. While it's still very much a work in progress, this is what we expect from the Blue Oval's born-again off-roader.