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Mitsubishi cuts price of i-MiEV electric car by $5,000

Billy Steele

When Mitsubishi's i-MiEV plug-in first arrived in late 2011, the ES model was priced at a whopping $27,990. After a few fluctuations on the sticker amount, that version of the compact automobile is now rolling out for $22,995 before incentives with "a much more comprehensive standard equipment package." Features on that list include heated front seats, charge port lamp, Chademo DC quick-charging port and battery warming system among several others. After factoring in the federal EV tax credit of $7,500, the i-MiEV will ring up for the low price of $15,495. California residents that can take advantage of the state's additional $2,500 credit are looking at a mere $12,995 before cruising down the highway. No word on when we'll be able to snag the racing model, though.

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