Chrysler Group LLC has begun early testing of the Fiat 500 EV. The model is expected to hit markets in 2012 as a 2013 model.
Recent spy shots show a U.S.-spec Fiat 500 EV with some design changes that will differentiate from the gasoline model. No word on where the Fiat 500 EV will be produced but the gasoline model is currently built at the company’s plant in Toluca, Mexico.
It is reported that the Fiat 500 EV will cost as much as three times as the gasoline model, with the sticker price reaching as much as $45,000. Even then, Chrysler is expected to lost about $10,000 per unit.
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“The economics of EVs simply don’t work. On the 500 that (Chrysler) will begin selling in the U.S. next year, we will lose over $10,000 (per unit) despite the retail price being three times higher” than a version of minicar with an internal combustion engine, Marchionne said earlier this year.
– By: Omar Rana