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Smart ForTwo Electric Drive will be cheapest EV at $25,000*

cheapest Electric Drive

We are getting our first drive in the 2013 Smart ForTwo Electric Drive today, and Smart just declared costs for the latest edition of its all-electric minicar. The starting price for the ForTwo ED Coupe will be $25,000 (*plus delivery fees), making it the lowest cost electric vehicle in the U.S. from a popular automaker – and that doesn't even include the available $7,500 government tax credit.

With the tax credit figured in, the beginning price works out to $17,500. Add in the required $825 destination charge and up to $2,200 for a home charger, and the 2013 ForTwo ED Coupe will basically begin at just $20,525 – $1,100 lesser than the Mitsubishi i-MiEV. Of course, customers who already have home charging stations can save even more. Smart has said that it will offer two different home chargers that range in price from $1,300 to $1,700, and its calculated installation setup will cost somewhere in the $300 to $500 range.

While we do know the starting prices for the new ForTwo ED, options and lease prices have not been announced. For comparison, the previous-generation ForTwo ED had a lease price of $599 a month.

While we do know the beginning costs for the new ForTwo ED, alternatives and lease prices have not been declared. For evaluation, the previous-generation ForTwo ED had a lease price of $599 monthly.

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