Electric cars are getting as cheap as gasoline rivals

Will you lease an electric car within the next five years?

Electric cars are getting as cheap as gasoline rivals

What would it take to get you into an electric car today?

Forced by state regulators to sell more zero-emission vehicles, automakers are tripping over each other to offer consumers rock-bottom lease deals. For the first time, electric vehicles are penciling out cheaper than their gas-powered counterparts.

Honda joined the price war this week by dropping the lease on its Fit EV from $389 to $259 a month. It threw in collision and vehicle theft coverage, maintenance, roadside assistance — even a charging station at your house. Factoring in a state rebate, a customer can drive off the lot with an all-in, three-year commitment of less than $7,000. That may make the Fit EV the cheapest $37,000 car in history.

The Times test drives the Nissan Leaf, Fiat 500e and Honda Fit EV to see how they stack up in the race to go green.

Electric car comparison test: EV specifications

Still, the Honda will have to compete with recently announced $199-a-month leases on the Nissan Leaf, the Fiat 500e and the Chevrolet Spark. Ford is offering its Focus EV for $284 a month.

If you’re looking to buy, state and federal incentives can shave as much as $10,000, nearly a third of the sticker price on a typical model. But automakers are promoting leases to ease consumer fears about maintenance costs and resale values.

Credit California’s tough pollution laws for the EV price war. The California Air Resources Board has mandated that zero-emissions vehicles must account for 15% of all new vehicle sales by 2025, up from less than 1% now. That has automakers scrambling to get consumers into a set of green wheels, even though they are losing money on every car.

Will you lease an electric car within the next five years? VOTE HERE

Full Story At LA TIMES

 

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About the Author
Author

CFC Clean Fuel Connection is leading the charge in alternative fuels with strong support in the electric vehicle and compressed natural gas industries. We have been consulting, installing and distributing ev chargers since 1999 for cities, businesses and home owners. We are also a leader in CNG products, installation and consulting. We are the exclusive dealer of Galileo natural gas products in the United States. For more information on our services please visit the Clean Fuel Connection website.

Comments (1)
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