Market Overview

A Quick Look At The Nissan Leaf Electric Car (TM, HMC)

A Quick Look At The Nissan Leaf Electric Car TM, HMC

Today Japanese automaker Nissan announced a target price of $32,780 for its new Leaf electric vehicle when released in the United States this year.

The car, poised to challenge the Chevy Volt, Toyota (NYSE: TM) Prius and Honda (NYSE: HMC) Civic, will cost approximately $25,280 after a $7,500 tax credit for electric vehicles.

The Leaf is marketed as an alternative-energy, affordable family vehicle that promises a top speed of over 87 mph while offering a 100-mile range on a single charge based on city driving. A 480-volt source can be charged to 80% in 30 minutes; a standard 110-volt household source can charge the battery completely in 16 hours.

Nissan expects to take 25,000 orders for its new vehicle by December of this year.

Posted-In: News Global Markets Tech General


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