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Honda leads the EV efficiency pack

Honda is bragging that his new 2013 Fit EV is leading the highest ever mile per gallon equivalency rating for an electric vehicle at 118 MPGe. To put that in perspective, the other EVs on the market come close, but fall just short of that 118 MPGe rating.
The Ford Focus Electric has rating of 110 MPGe, while the Prius plug-in hybrid gets 95 MPGe. The Chevrolet Volt is rated for 95 MPGe, and the Mitsubishi I EV has a 115 MPGe rating.
Honda estimates that the annual fuel costs for operating the Fit EV will be about $500. The little car promises 100 miles per charge of driving range from the 20 kWh lithium-ion battery pack. The Fit EV has combined city/highway driving range estimated 82 miles.
Honda designed the car to be efficient with a highly efficient powertrain design and weight conscious engineering combined with effective aerodynamics so the Fit is able to get a longer driving range from its smaller battery pack than other electric vehicles. The smaller battery pack also means faster charging time. Honda promises the Fit EV can charge in under three hours from the low charge indicator light coming on when connected to a 240 V circuit.

"Just as important as the industry-leading fuel-efficiency and fast recharging time, as a Honda, the 2013 Fit EV will be an absolute kick to drive," said Steve Center, vice president of the American Honda Environmental Business Development Office.
Honda plans to market the Fit EV in select California in emerging markets starting this summer and then roll the vehicle out on the East Coast in 2013.

Source: Honda

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Available for lease only?
By immortalsly on 6/6/2012 11:36:39 AM , Rating: 2
Other new sources are saying the Fit EV is only available for lease for $399/month. Is that a common practice for electric vehicles or is this just a one-off for Honda (since they're only making 1,100 of them)?

RE: Available for lease only?
By danjw1 on 6/6/2012 11:59:44 AM , Rating: 2
I believe this kind of thing has been done with other cars. I think mostly with alternative fuel cars(i.e. natural gas, electric).

RE: Available for lease only?
By Rage187 on 6/6/2012 12:24:12 PM , Rating: 2
they do this with new technologies in case they decide not to go that route and end up shredding the cars. There is an interesting article about this happening to the original EV1 from GM.

RE: Available for lease only?
By Flunk on 6/6/2012 12:16:53 PM , Rating: 2
This is the same sales model that Honda leased the FCX Clarity fuel cell model under. It sounds like this is more of a market trial than a real mass market product.

RE: Available for lease only?
By FITCamaro on 6/6/2012 2:18:21 PM , Rating: 2

$399/month? You could buy a regular Fit to own it for what? $300/month if you didn't put anything down?

RE: Available for lease only?
By tayb on 6/6/2012 3:04:59 PM , Rating: 2
Base model Fit with no upgrades, accessories, or options will be ~$320 depending on APR and loan length. Depending on how much you drive (max ~ 80 miles a day or ~20,000 a year) you could easily come out ahead with the EV.

You don't own the car but a lot of people would prefer to lease an EV due to battery degradation. A lot of people just prefer to lease in general.

By bobsmith1492 on 6/6/2012 3:20:33 PM , Rating: 2
A lot of people are very bad with money management, too...

RE: Available for lease only?
By Calin on 6/7/2012 3:45:43 AM , Rating: 1
If they sell the car to you, they MUST provide service/repairs/components for the rated life of the vehicle. Doing this for a one thousand car run is prohibitely expensive (the vehicle's rated life would be about 10 years).
Low prices come from automated lines churning things by the millions - building one (or hundred) components is very expensive in terms of setup costs

"The Space Elevator will be built about 50 years after everyone stops laughing" -- Sir Arthur C. Clarke
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