Thursday, April 15, 2010

How much does each vehicle cost?

Nissan has confirmed a starting price of Y3.76million in Japan with the LEAF to also benefit from up to Y770,000 in government incentives and be free from car acquisition and weight tax – the vehicle will be available to order from April 1. Meanwhile, Mitsubishi countered by making its vehicle available to individuals on the same date and with government subsidies it could be picked up for as little as Y2,840,000.

In the US, the Nissan LEAF is expected to cost around $25,280 after a Federal tax credit of $7,500 has been deducted – before the deduction, the model costs $32,780 (see article). Orders for the model in the States open on April 20, with deliveries in select markets to begin by December. By contrast, the Mitsubishi i-MiEV is expected to go on sale in the US in April 2011 and Mitsubishi Motors spokesman Maurice Durand told reporters at the New York International Auto Show that a sub $30,000 price tag would be targeted even before tax credits are taken into account.

Here in the UK, Mitsubishi has already announced that its i-MiEV model will cost just under £39,000 (see article) although customers will be able to benefit from a £5,000 reduction thanks to the Government’s Plug-in Car Grants which begin next year. We have an in-depth analysis of how the cost of the Mitsubishi i-MiEV stacks up compared to a petrol car here – the vehicle is also expected to be marketed as the Peugeot i0n and the Citroen C-ZERO before the end of the year. Nissan is yet to confirm the official price tag of the LEAF in the UK, but it is expected to be along the lines of its US retail price, which would make it significantly cheaper than the i-MiEV.

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