All right, so now we have seen the evolution of the world’s first practical electric car, the Tesla Roadster, but it has a large price tag of $101,000(after tax credits) and seats 2 people with a range of 250 miles on a single charge.

Tesla Motors is now developing their next vehicle, the Tesla Model S, which can seat up to (according to their website) seven people and can go up to 300 miles (on the optional extended batter) and costs a lot less then the Tesla Roadster ($49,000 after tax credits). This is still a decent amount of money for a car for most people.

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Earlier this summer, Toyota backed Tesla with some money to help fund the study of electric cars. In turn Toyota can use some of Tesla’s electric car technology in their own cars, and thus we will see a new wave of electric cars that are going to be cheaper then Tesla’s own cars. Telsa and Toyota are now beginning work on an electric RAV4, which is a SUV. The slated price is ($40,000 BEFORE all of the rebates) Estimated time of arrival? Next year, unless they decide to can the project.

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