Electric Vehicles nissan-leaf

Published on August 6th, 2014 | by Christopher DeMorro

4

Nissan And Mitsubishi Working On $15,000 EV

nissan-leaf

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. 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.




Tags: , , , , , , , ,


About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or esle, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.



  • Pingback: Nissan And Mitsubishi Working On $15,000 EV | CleanTechnica

  • Pingback: Nissan And Mitsubishi Working On $15,000 EV | OzHouse

  • James Elliott

    “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.”

    1.78 million yen is about $17,400, not $8000.

    Looking
    at the Nikkei article, that 1.78 million yen price is the current price
    of the iMiev after subsidies. The new kei-car is described in this
    paragraph:

    “Minivehicles incorporate the latest cost-reducing
    technologies such as lighter parts. By basing the new model on minicars,
    Nissan and Mitsubishi expect to sell it for around 1.5 million yen
    including subsidies, the lowest price among major automakers and similar
    to gas-fueled compacts.”

    1.5 million yen is about $14,700.

    • AaronD12

      It’s written in a difficult-to-read way, but he was talking about the ¥1.78M price being reduced by $7200. Mixing currencies makes understanding what he meant difficult.

Back to Top ↑