Nissan has confirmed that the all-electric LEAF will cost from 2.99 million yen- equivalent to around £21,500.
This surprisingly low figure is the retail price for the electric model in its home country and includes expected Japanese government incentives against the model.
The model is set to begin deliveries to customers in Japan by December this year and has been confirmed it will cost from 3.76 million yen (around £27,000) before electric car consumer incentives are taken into account.
The pricing for the model is announced just as the carmaker confirms that it will open the order books for the innovative model to Japanese customers tomorrow (April 1, 2010).
Dubbed ‘the world’s first affordable electric car’, the LEAF will be available to pre-order with a down-payment of just 2.4 million yen (around £17,000).
On the assumption that current government incentives in Japan continue through fiscal year 2010, Nissan LEAF will be eligible for a 770,000 yen (around £5,500) government incentive credit. With the incentive, the consumer’s net price for Nissan LEAF will be slashed below the 3 million yen mark-helping the carmaker prove its claim of affordability. The LEAF will also be exempt from the car-weight tax and the car-acquisition tax in its home country, helping to further cut costs.
Assuming that the LEAF model will have a similar starting price in the UK, with the UK government’s Plug-in Car Grants, we might expect the model to sell for as little as £22,000- a lot less than rival electric car, the i-MiEV. i-MiEV manufacturer, Mitsubishi confirmed that this model would cost just under £34,000 even after a £5,000 incentive is deducted off the price.
The carmaker will offer its electric car model various purchasing methods, including a Nissan Auto Loan. This would allow customers to pay only 2.4 million yen as a down-payment and then a low monthly fee of 10,000 yen, which includes the cost for electricity.
Compared to cars in a similar class, LEAF’s cost of ownership is competitive is competitive, Nissan says. During six years of ownership, the carmaker estimates that the electricity cost would be 86,000 yen. By contrast, the gasoline cost for a car in a similar class would be 670,000 yen (electricity cost based on 1,000 km/month driving and using Tokyo midnight charging ratio. Gasoline cost based 1,000 km/month driving and 148 yen/litre).
“While a car in a similar class emits around 10 tons of CO2 in the course of six years, Nissan LEAF produces zero emissions while driving,” said Takeo Katagiri,Senior Vice President for Sales & Marketing in Japan.
“Nissan LEAF is an attractive, affordable EV that will introduce a new way of mobility for our customers,” he added.
Nissan aims to sell 6,000 units in Japan in fiscal year 2010. The electric car model, a C-segment hatchback, has a range of 160km and a top speed of around 140km/h. It is expected to go on sale in the UK by 2011.