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Showing posts with label lowest cost electric vehicle. Show all posts
Showing posts with label lowest cost electric vehicle. Show all posts

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.