In a move that has even industry insiders reeling, a source deep within Toyota has outlined 2 new all electric models that are currently being developed in a joint Tesla-Toyota deal. Surprisingly Tesla is said to have delivered the first two prototypes last Friday on July the 10th. The popular RAV 4 SUV and premium SUV the Lexus RX underwent a full electric conversion, apparently the SUV’s were chosen due to their ability to carry the extra weight of the lithium-ion battery packs without suspension and chassis strengthening.

Toyota is said to be aiming to sell the RAV 4 version for around the $40,000 USD mark, the vehicle would have a 150 mile range (240km) and a sales date set for 2012. Tesla (NASDAQ: TSLA) are also said to be working on an all electric version of the popular Corolla model. These are test vehicles and we can expect to see some changes before the actual production models hit the roads but the speed at which Tesla was able to electrify pre-existing internal combustion cars has made more than a few heads spin.

We’ll keep you updated as more news comes in.