May 31, 2013


Electric car price war shifts into high gear (Brian Thevenot, 5/31/13, Los Angeles Times)

Want to pay $7,000 for a $37,000 electric car?

It's not a trick question. For the first time, through the magic of subsidized leases, electric vehicles can now compete on price with comparable gas-powered cars -- indeed, they are cheaper once you factor in gas savings.

Honda announced this week that it would drop the lease on its Fit EV from $389 to $259 a month. That price includes collision and vehicle theft coverage, maintenance, roadside assistance, even a charging station at your house. Factoring in the state rebate, that's an all-in, three-year ownership cost of less than $7,000 -- maybe the cheapest $37,000 car in history.

Still, the Fit will have to compete with the recently announced $199-a-month leases on the Nissan Leaf and the Fiat 500e, among other emerging rivals.

Posted by at May 31, 2013 3:53 PM

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