Apparently the Smart ForTwo is not only smart for the environment, but smart for budgets as well. The pricing has been officially set to start at $25,000. Delivery fees are not included. This makes the Smart ForTwo ED Coupe the lowest price electric vehicle available to United States drivers. On top of the low pricing, there is a $7,500 federal tax credit. This tax credit will be more or less depending on which state you are in and if your state offers a tax credit for purchasing zero emission vehicles.
This brings the cost of the Smart ForTwo ED down to $17,500. Of course the $825 destination fee and $2,000 for a home charger brings it back up a bit, but $20,525 is still $1,100 less than a base Mitsubishi i-MiEV. If you all ready have a home charging station, then of course you don’t have to foot the bill for a new one. Currently Smart’s new home chargers are in the $1,300 to $1,700 range with an installment fee between $300 to $500.
The Smart ForTwo Electric Drive will come available as a coupe or a cabriolet and is said that the electric mechanisms will not compromise the handling or cargo space. The electric drive battery is positioned where the fuel tank normally goes which is in the underfloor area between the front and rear wheels. An electric motor is set between the two rear wheels. This allows the electric drive version of the ForTwo to look the same as the other versions. While the Smart ForTwo still looks like an enclosed golf cart, it is said that it is designed for safety. Alone with the pricing, it might just become a favorite in the electric drive vehicles.