The i electric vehicle from Mitsubishi Motors North America has a starting price of $27,990 (plus shipping), making it the cheapest all-electric vehicle in the U.S. The small EV, which will go on sale late this year, is Mitsubishi's first project in its intention to be reinvented as a global leader of electric as well as fuel-efficient gasoline-powered vehicles.
At the New York auto show, Mitsubishi revealed that the car will be priced from $20,490 after a federal tax credit of $7,500 is deducted.
Mitsubishi hasn't indicated how much the delivery charge is but its other models have a freight charge of $780. In comparison, the Nissan Leaf is priced from $33,630, inclusive of delivery charge, before federal tax incentives.
Yoichi Yokozawa, CEO of Mitsubishi Motors North America, claims that the i can be driven for about 85 miles on a single charge. Mitsubishi anticipates that it will sell about 2,000 i units each year in the U.S. Pre-orders can be placed by customers starting Friday.
All they need to do is deposit $299.00 via PayPal. For the home inspection, an additional $99.99 is charged. Mitsubishi would first have to check the home electrical system to make sure that it can handle charging the i.
However, the home inspection fee is waived for the first 2,000 customers who make the deposits and then possess the cars. After the inspection, the order will be finalized by a Mitsubishi dealer. Yokozawa anticipates that the first deliveries to retail customers likely will take place in January 2012.