SLIDESHOW: Sizing Up Electric Vehicle Deals (F, GM, HMC, TSLA)
The automotive world is slowly becoming more environmentally conscious; companies are working to boost gas mileage in cars and vehicles with alternative sources of energy are becoming more popular.
The most common of these trends is the fully electric vehicle like the Tesla's (NASDAQ: TSLA) Model S and Ford (NYSE: F) Focus EV. These are becoming increasingly popular with consumers as many of the problems of the past, such as limited driving range and slow charging times, have been resolved.
However, as the market for fully electric vehicles grows around the world, it is becoming difficult to keep track of all the different offerings available to consumers and their benefits.
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General Motors' (NYSE: GM) Chevy Volt is a hybrid gas and electric vehicle that allows for gas-free driving for 38 miles before the gas generator is used to charge the batteries.
The Volt also offers 380 miles of driving on a full charge and full tank of gas.
The Volt will charge at a standard 120V outlet in 10-16 hours and offers the ability to charge from a 240V outlet, which can charge the vehicle in as little as four hours.
The Volt has an MSRP of $39,995, but with a Chevy cash offer of $4,000 and federal tax savings of $7,500, it sells for as little as $28,495. Chevy also offers a $269 per month lease for 36 months with $2,399 down.
Tesla Model S
Tesla's (NASDAQ: TSLA) Model S is a fully electric vehicle with the ability to drive up to 265 miles on a full charge.
The Model S adds 31 miles of range for each hour of charging at a 120V outlet, which means it will fully charge in about eight and a half hours. When using a 240V outlet, the Model S adds 62 miles per hour of charging. With the 240V charger, it will fully charge in about four hours and twenty minutes.
In addition to this, Elon Musk has announced plans for supercharging stations that will fully charge a Model S in one hour, and battery swapping stations that will give the owner a fully charged battery in less time than it takes to fill a car with gas.
The Model S retails at $62,400 after the $7,500 federal tax credit.
Nissan's (OTC: NSANY) Leaf is a fully electric vehicle with an average 73 mile range on a full charge.
The 2013 Nissan Leaf will charge in approximately four hours, which puts it on the same level as the Chevy Volt.
The Nissan Leaf starts as low as $21,300 after the $7,500 federal tax credit.
Honda Fit EV
Honda's (NYSE: HMC) Fit EV is a 100 percent electric vehicle that offers 82 miles of range on a full charge.
The Fit EV will charge in as little as three hours when using a 240V charging station.
The Fit EV has an MSRP of $37,415.
Following a surge in demand for the Fit EV, the 36-month lease price was lowered from $389 per month to $259 per month.
This lease offered such perks as no money down, no mileage limits, a free in-home charger and collision insurance.
Ford Focus EV
Ford's (NYSE: F) Focus EV is a fully electric vehicle with a 76 mile range.
The Focus Electric charges in about 20 hours with a 120V outlet. According to Ford, the car should charge fully in four hours with a 240V outlet.
Ford Recently announced a $4,000 price drop for the 2014 model year, which puts the MSRP of the Focus EV at $35,200 for 2014.
The Fisker Karma offers up to 50 miles of fully electric range. With the use of gasoline, the range reaches 300 miles.
The Karma will charge, on average, in between six and 14 hours.
The Fisker Karma has an MSRP of $102,000 prior to the $7,500 tax credit.
Fiat's (OTC: FIATY) 500e is a fully electric vehicle with a single-charge range of 87 miles.
The 500e charges nine to ten miles of range every three hours of charging on a standard 120V outlet. When utilizing a 240V charger, the 500e can fully charge in as little as 4 hours.
The 500e has a starting MSRP of $31,800 prior to the $7,500 federal tax credit.
Chevy Spark EV
General Motors' (NYSE: GM) Chevy Spark EV is fully electric and offers an average range of 82 miles on a complete charge.
The Spark EV offers 120V and 240V charging options. With the 240V charger, the Spark EV will fully charge in seven hours. The Spark EV is also offering a unique SAE fast charging stations that will be able to charge the Spark EV 80 percent in only 20 minutes.
The Spark EV has an MSRP of $26,685 and after the $7,500 federal tax credit, the MSRP is only $19,185.
Mercedes Smart Electric
Daimler's (OTC: DDAIF) Smart Electric is fully electric and offers 68 miles of driving on a complete charge.
The Smart Electric offers 120V and 240V charging options. When using the 240V charger, the Smart Electric will go from empty to fully charged in six hours.
The Smart Electric has an MSRP of $25,000 before the $7,500 federal tax credit.