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Print 36 comment(s) - last by foxalopex.. on Jan 28 at 1:27 PM

$10,750 discount includes $7,500 federal tax credit

Electric vehicles aren't exactly selling in droves for automakers around the world. Many of today’s highly efficient gasoline-engine vehicles are offering such high fuel efficiency ratings that it makes little sense to pay the extra money for hybrids or EV for many consumers (that is unless you live in California).

Ford is trying to get customers to lease its Focus EV electric vehicle and is offering significant discounts to land buyers. Ford has announced that it has dropped the base price of the Focus EV by $2,000 on cash purchases. Ford is also offering as much is $10,750 off the cost of a three-year lease.

Ford also plans to offer 1.9% financing on the Focus EV if purchased through Ford Motor Credit. The Focus EV didn't have a good 2012 with Ford selling only 685 of 1,627 vehicles it built. That sales rate made the Focus EV one of the worst performers in the industry.

Ford isn't alone in having to discount its electric vehicles to get consumers more interested; Nissan also recently dropped the price of its 2013 Leaf by 18%. The Leaf now starts at $28,800 and Nissan is offering new incentives to help boost sales.

"We certainly are not in a situation where we have to completely discount but we do have to respond to competitive pressures," Ford spokesman Wes Sherwood said. "We're not anywhere close where Nissan has gone with the Leaf."

The Ford lease offer is on Red Carpet leases if buyers take retail delivery by April 1. If the buyer meets those conditions, they will receive $10,750 off (a figure which includes the $7,500 federal tax credit).
 
The MSRP for the Focus EV base model is $39,995, while the new price for cash purchases is $37,995.

Source: Detroit News



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By foxalopex on 1/28/2013 1:27:02 PM , Rating: 3
I'm actually a Chevy Volt owner myself and all I can say is it's turned out to be exactly what I hoped. Admittedly I doubt I'm saving much money over an equivalent gas car (when compared to the extra cost of an EV) but it is certainly using less gas. A lot of owners of EVs advice you to drive one before judging it and that is something everyone should do. I had a 2005 corolla before and in comparison with the essentially the single gear transmission this car drives as smooth as glass. There's no throttle lag, gear lag or anything. If you floor it, you can pass most folks in a massive burst of acceleration that won't sound like your engine is going to explode. And with the Volt, there's gas when you need it (and I do since I live in Canada). They're not sports car fast but in regular commuter driving if you floor a sports car to the floor you could end up in the trees so that's not the point. It's also nice to prestart the Volt on some cold mornings and not have it full of gas fumes. So I guess you would say these things are like luxury cars. Good for some of us who can afford one.




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