Battery leasing for electric cars is all the rage in Europe, shaving thousands of dollars off of the asking price in exchange for a small monthly lease payment. Smart has deployed this strategy in the U.S. market, and almost 90% of ForTwo Electric Drive buyers opted to lease the battery for $5,000 off the asking price.
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Smart has big plans to increase car sales in the U.S., and it begins with offering the cheapest electric car on the market, the Smart ForTwo Electric Drive, which will start at $25,000 before the $7,500 Federal Tax Credit. That means you could get behind the wheel of an EV for less than $18,000!