Acura Precision EV Concept Previews Future Design Language for Electrified Era

More

Dodge Charger Daytona SRT previews Dodge’s electric muscle future

More

Mahindra unveils five electric SUVs under two brands based on its new INGLO platform

More

Stoffel Vandoorne And Mercedes-EQ Seal World Championship Titles As Edoardo Mortara Wins In Seoul

More

Truemag

  • Electric Car News
  • Electric Car Reviews
  • Plug-in Hybrids
  • Technology
  • Home
  • About Us
  • Privacy Policy
  • Advertise
  • Charging Map

Mitsubishi to Cut Price of i-MiEV Electric Cars

Mitsubishi plans to bring the price of its electric vehicles down some 30% to around 2 million yen ($21,890) by fiscal 2012, the Nikkei business daily reported.

The carmaker aims to cut the price of its key i-MiEV electric car to 2 million yen by lowering output costs to promote the still-pricey vehicle.

The i-MiEV electric car was priced at 4.59 million yen when it was unveiled last July. In April Mitsubishi has cut the i-MiEV price to 3.98 million yen (US$42,690), a 619,000 yen savings from the previous price. Providing current government incentives remain in place, the i-MiEV is eligible for a 1.14 million yen subsidy, cutting the total cost to 2.84million yen ($30,700). By 2012 the i-MiEV will effectively sell for 2 million yen after factoring in government subsidies, the Nikkei said.

Mass production of lithium ion batteries, the most expensive component in an electric vehicle, will lower costs sharply.

A battery plant coming online in April 2012 will churn out 70,000 units a year, with the mass production cutting battery costs to under 1 million yen per vehicle, down from 2.5 million yen. Mitsubishi Motors will also work with the suppliers of motors, rechargers and other parts to reduce component numbers, making volume production easier.

Jun 18, 2010Blagojce Krivevski
First 4,400 Chevy Volt Owners Eligible for Free Home Charging StationsOntario Offers Rebates on Electric Cars
You Might Also Like
 
UC Davis Survey: The Future Car Is Driverless, Shared and Electric
 
Mitsubishi Outlander PHEV Goes Cross Country Racing
Blagojce Krivevski

Blagojce Krivevski is physicist and green technology lover. Keep in touch with Blagojce through his email, web site, Twitter, Linkedin, Facebook and Google+.

June 18, 2010 Electric Car News: i-miev, electric car, electric cars, i-MiEV electric car, Mitsubishi, Mitsubishi electric cars
Follow Us
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
Recent News
576-HP Kia EV6 GT Debuts at Monterey Car Week
August 19, 2022
Fisker considering Ocean’s production expansion beyond 50k units per year
August 19, 2022
UK: Volkswagen ID. Buzz Cargo now open for order, starting from £479 per month
August 19, 2022
Porsche virtually tests 440 kW hydrogen-combustion car at Nurburgring
August 19, 2022
Acura ZDX and ZDX Type S Will Take Brand’s Precision Crafted Performance into the Electrified Era
August 19, 2022
About
ElectricCarsReport.com ElectricCarsReport.com is a website dedicated to pure electric vehicles and the full range of consumer information and tools about electric cars, green technology energy, and the environment.
Latest News
576-HP Kia EV6 GT Debuts at Monterey Car Week
August 19, 2022
Fisker considering Ocean’s production expansion beyond 50k units per year
August 19, 2022
UK: Volkswagen ID. Buzz Cargo now open for order, starting from £479 per month
August 19, 2022
Subscribe

Sign up for our newsletter to receive the latest news and event postings.

Get in touch

Email: [email protected]

Archives
  • facebook
  • twitter
  • google-news
  • linkedin
  • youtube
  • instagram
  • feedburner
DMCA.com
© ElectricCarsReport.com | All Rights Reserved.