Published on August 7th, 2014 | by Christopher DeMorro12
Nissan And Mitsubishi Working On $15,000 EV
August 7th, 2014 by Christopher DeMorro
Originally posted on GAS2
When electric cars first made their mainstream debut, the cheapest one you could buy in the US was the Mitsubishi i-MiEV, which before rebates came in at about $29,000. Four years later though, Mitsubishi and Nissan are teaming up to build an EV that costs half that amount before any tax rebates, reports the Nikkei.
The minicar-based EV will be aimed specifically at the Japanese market, where small “kei cars” have remained stubbornly popular due to their low cost to buy and operate. After a series of price cuts to both the Mitsubishi i-Miev and the Nissan LEAF, these down EVs now cost between $22,000 and $28,000, and once you factor in rebates the cost comes down to between $15,000 and $21,000. But once those incentives inevitably run out, will buyers still be driven to electric vehicles?
Mitsubishi and Nissan aren’t taking any chances, and their micro-EV could prove especially popular in major metro areas like Tokyo, where parking comes at a premium and gas costs can be exceptionally high. Nissan and Mitsubishi are also working together on a national EV charging network meant to expand public charging offerings all across the island nation.
But the big draw would be a the super-low price, as after Japan’s generous EV incentives of about $7,200, this new micro EV would cost buyers less than 1.78 million yen, or about $8,000 [Note: see price correction in comments]. An $8,000 EV is a car it’s almost impossible to say no to, you know what I mean? People have spent less on countertops for their kitchen makeovers, but to have a vehicle that allows you to eliminate or reduce your gas costs to almost nothing?
That’s just a no-brainer to me. Let’s hope this is more than just rumor and hearsay.
Drive an electric car? Complete one of our short surveys for our next electric car report.
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.