Last week in Cupertino, California, over 500 electric vehicles gathered to set a new world record for the largest parade of pure electric vehicles.
Browsing the "Smart ForTwo electric" Tag
From overpriced to price war, electric car costs are plummeting on an almost monthly basis it seems. The Smart ForTwo Electric Drive fired the first shots with a MSRP under $25,000 before tax credits, and now they’ve gone and done it again, chopping the lease price down from $199 a month to just $139 a month.
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.
A couple of years ago when Toyota announced it was working on an all-electric version of its iQ microcar, EV enthusiasts were excited. But last month Toyota backtracked, saying it would launch just a small fleet of the tiny iQ EV. The Japanese automaker has now released details on where those few EVs are going, and it is mostly to college campuses and car-sharing services.
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!