Mexican Media Brands
Mitsubishi Latest to Cut EV Price
Mitsubishi Motors Corp. hopes to boost demand in the U.S. for its slow-selling i-MiEV subcompact electric sedan with a 20% price cut on the 2014 model.
#hybrid
Share
Mitsubishi Motors Corp. hopes to boost demand in the U.S. for its slow-selling i-MiEV subcompact electric sedan with a 20% price cut on the 2014 model.
MMC says next year's car will have a base price of $23,800, about $6,100 less than the 2013 edition. The company also intends to add more standard features, including aluminum wheels, heated seats and rear-door audio speakers.
The company has sold slightly more than 1,000 i-MiEVs in the U.S. so far this year, including only a dozen in November, according to Automotive News.
Analysts say already meager demand for the iMiEV evaporated early this year when rival makers of EVs and plug-in hybrids began cutting prices.
RELATED CONTENT
-
On Ford Maverick, Toyota Tundra Hybrid, and GM's Factory Footprint
GM is transforming its approach to the auto market—and its factories. Ford builds a small truck for the urban market. Toyota builds a full-size pickup and uses a hybrid instead of a diesel. And Faurecia thinks that hydrogen is where the industry is going.
-
Tesla Owners in Germany Ordered to Return Subsidy
Germany has ordered about 800 Tesla Model S electric cars owners to pay back a €4,000 ($4,700) government subsidy they received.
-
Internal Combustion Engines’ Continued Domination (?)
According to a new research study by Deutsche Bank, “PCOT III: Revisiting the Outlook for Powertrain Technology” (that’s “Pricing the Car of Tomorrow”), to twist a phrase from Mark Twain, it seems that the reports of the internal combustion engine’s eminent death are greatly exaggerated.