Nissan, Mitsubishi Partner Up For Ultra-Affordable $14,000 Electric Car

4 months ago by Eric Loveday 45

Relatively Affordable, But Still Not Priced Quite Low Enough

Relatively Affordable, But Still Not Priced Quite Low Enough

i-MiEV Is Affordable, But It Certainly Could Use Some Enhancements

i-MiEV Is Affordable, But It Certainly Could Use Some Enhancements

The partnerships of all electric vehicle partnerships has been officially created.

Nissan is partnering 50:50 with Mitsubishi on a joint venture with one goal: to develop a minicar-based electric vehicle with release of the new model set for Fiscal Year 2016 (April 1, 2016 through March 31, 2017).

Both Nissan and Mitsubishi promise that this co-developed electric car will be sold for the lowest price among major automakers when it hits the market.

The plan is that Nissan and Mitsubishi will work hand-in-hand on this EV.  Key components such as batteries will be procured through the economies of scale of two automakers combined.

It’ll be an electric minicar and we’re not yet sure if it’ll be sold in the US.

However, it’s hinted that the price in Japan will 1.5 million yen ($14,614 USD) including subsidies, or approximately the same as a compact ICE sells for in Japan.  For comparison, the Mitsubishi i-MiEV sells for a base MSRP of 2.52 million yen ($24,300 USD) prior to subsidies in Japan.  Or 1.78 million yen when subsidies are factored in.

No further details are available at this time on the minicar electric coming from Nissan-Mitsubishi.

Obligatory Hand Shake Complete

Obligatory Hand Shake Complete

Source: Nikkei

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84 responses to "Nissan, Mitsubishi Partner Up For Ultra-Affordable $14,000 Electric Car"

  1. Bill Howland says:

    Sounds like something that is needed for the Indian market to compete head to head with TATA. All the safety accessories required in the states would make it hard to hit that $14,000 goal here.

    1. Ocean Railroader says:

      I was reading several stores that in other counties some of the car makers try to sell cars without safety features but the catch is it’s the same price if not more then in the US.

    2. offib says:

      I think this has something to do with Bhutan’s promotion for EVs, but who also slightly critisised the distant price point offered by the Nissan LEAF.

  2. Just_chris says:

    I-MIev with a leaf battery, now we’re talking. I think the I-miev is doable in 2017 for $14k. Cheap and cheerful, it’s what we need for all those who don’t care what they drive.

    1. Just_chris says:

      And yes that includes me

    2. Spec9 says:

      Yeah, with the current incentives, the i-MiEV can cost as low as $12K in California. That range is a bit short though.

      Instead of a $14K car, I’d like to see them build a 120 mile EPA rated car for $30K or so.

      1. Assaf says:

        I thought that was already Nissan’s Leaf roadmap (roughly double range in MY 2016 or 2017).

        So we’re talking about Nissan BEVs finally splitting out into different segments.

        Editors, can you correct me if I’m wrong?

        1. Jay Cole says:

          What you are seeing here is a different offering on a small “world” platform in collaboration with Mitsu in some way…this would be a short range car.

          The 2nd gen LEAF isn’t on Nissan’s current power 88 program, which means it’ll debut in as a MY 2017 at some point.

          People often assume that 2nd gen LEAF is also the debut of the longer range abilities of the car, but that is not necessarily the case, as Nissan has said a range bump will be made available before then. (As with everything in this segment until you actually see it, a healthy dose of skepticism is not unwarranted)

          1. Assaf says:

            Thanks Jay! This is more or less what I understood. And it’s even better to hear they are targeting less-wealthy-country markets, there’s a dire need of EVs for those countries.

            As to longer-range, I definitely hope these show up before July 2016, our new lease-renewal target date :)
            Although I must say I’m pleasantly surprised by the 2014′s range so far. Without much fanfare, Nissan seems to have finally delivered the promised 100-mile BEV (at least during Northwest summer). Some 3+ years later than advertised, but better late than never.

    3. Just_Chris says:

      In the US and the EU there are a lot of incentives (tax credits, reduced sales tax and government grants) and disincentives (like high petrol costs, high road tax for gas guzzlers and congestion charging zones) that make EV’s a more compelling choice from a cost perspective so perhaps this is less exciting for you guys but a $14k electric car would be great in Australia where the cheapest BEV is the Nissan Leaf which is $40k (Aus) before incentives and $40k after incentives.

  3. zoe-driver says:

    The question is: How is it positioned against the renault Twingo electrique ?
    The very popular Twingo starts in September here in Europe and in 2016 it should arrive with the new LG batteries.

    1. Jaime says:

      there will be not an electric twingo, only a Smart ED.

      1. Pedro says:

        Yes, there will be an electric Renault Twingo.

      2. Ted Fredrick says:

        I had a Twingo and took penecillin. I got an ED after that

    2. Mikael says:

      Got any specs. and information on the electric Twingo?

      But I would hardly call it popular :P I don’t think I’ve ever seen a Twingo (that I can remember at least) and I looked through the list of sales of top 50 models in Europe and couldn’t find it.

    3. Mikael says:

      Hmm.. I missunderstood you. I thought you said that it would go on sale in september. When it’s not going on sale for a long while, maybe not at all.
      Boring non-news then.

  4. kdawg says:

    I’m guessing it won’t be “compelling”.

    For the US, they should just put some wheels on the smallest battery that gets the full tax credit.

    1. Brian says:

      And therein lies the challenge of the various governmental regulations. When designing a car for multiple markets, each with their own regulations, it becomes a real challenge to get the best bang for the buck everywhere. It gets even worse when you consider the volatility of government regulations; they could all be very different in 2017!

      1. Nix says:

        That’s true. All it would take would be a President Rand Paul with a Red Congress in 2016, and by 2017 we’d see Australia-style rollbacks in green laws. Bye-bye any federal support of EV’s, and say so long to CAFE regulations. They oppose all that stuff, and want to get rid of the EPA to boot.

    2. ItsNotAboutTheMoney says:

      The ultimate in skateboard design.

  5. Khai L. says:

    so let’s do some math:
    i-miev: 2.52 – x = 1.78 (million yen)

    x = 0.74 million yen

    nissan/mits lovechild: y – x = 1.5 (million yen)

    y = 2.24 million yen (~$21,800)

    Very compelling price point! If the i-Miev is permitted here in the US, then with US subsidies (+ CA), that would be a $11,800 BEV!! The days of the ICE’s are numbered!!

    1. Aaron says:

      The i-MiEV *IS* in the States. That’s one of the problems — Mitsubishi has done ABSOLUTELY NO advertising of the i-MiEV. Many people, even EV advocates, don’t even know it exists (as witnessed by your comment).

  6. Ocean Railroader says:

    I really think a $14,000 Mitsubishi i-miev is already possible. I would bet 900 cookies that that as soon as the federal subsidies start getting phased out that they will start lowering the prices of the Mitsubishi i-miev. Such as they will slowly phase in the lower prices to keep pace with the falling federal subsidies. Another factor is falling battery prices in the EV’s which is happening at 10% to 20% a year. In that I remember watching a video on the Mitsubishi i-miev that when they started making them back in 2010 battery costs where 40% of the car’s cost. So most likely them cutting the price last year of the i-miev was due to a mix of falling battery costs and the car being way over priced to begin with.

    What I would really think would improve the sales of the car though is if they raised the range to a solid 100 miles on a charge.

  7. Anderlan says:

    Not sure if I’d buy a $14k iMiev (mainly because of range), but $6.5k iMiev after taxes? Now we’re talking.

    1. HappyMiever says:

      7k barrier already broken for a fully loaded 2012 iMiev in GA

      1. Assaf says:

        Link?

        Was it sold at that price, or is it still advertised?

      2. Ocean Railroader says:

        That sounds fake in that the lowest price I have seen is $10,000 for a used 2012 one. I would love to see if a $7,000 dollar one exists in that I would go to Georgia and drive it back.

        Most likely it is more likely to see a unicorn driving a Mitsubishi i-miev then a $7000 one http://www.deviantart.com/art/Teaching-Princess-Cadence-to-Drive-452975683

        1. Ocean Railroader says:

          If I found out the $7000 i-miev existed and it ran fine and needed know work. I would go out and buy it today.

    2. Ted Fredrick says:

      At that price I would by one for fun

  8. Lou Grinzo says:

    I would be surprised if this car is offered in the US in anything approaching the kind of features and price point we’re all fantasizing about. Why would Nissan want to do that and steal sales from the Leaf?

    I suspect that if it does come here there will be at least one big issue: It’s a microcar or it has a shorter range than the mainstream EV offerings at the time, for example. I would expect it to be much more of a competitor for the Smart ED than the Leaf.

  9. iMiEV MSRP is $22,995

    After federal tax credit, $15,495

    In California, $12,995
    (and other states with $2,500 incentive)
    (ike Massachusetts)

    In Georgia $10,495 with $5,000 tax credit.

    Not everyone will qualify for all tax credits but it’s still a great deal
    If you can live with 62 mile range and CHAdeMO quick charging.

    The only thing holding Mitsu back is battery supply.

    Great to see Nissan and Mitsu collaborate to drive costs down.

  10. Mart says:

    Since it’s “minicar based”, it’s more likely to be a Nissan kei car converted to electric. Dayz and Roox were suggested on the i-MiEV forum.

  11. offib says:

    This is just exciting, if not more exciting than the news of Tesla, Nissan and BMW collaborating together!

  12. I talked to few people last week about our iMiev, and some would love to buy one, but cannot afford it (in part because they don’t have the income to take advantage of the credit). And those that can afford one have higher tastes – it lands in kind of an odd price point & value space. Add some funky looks, for US drivers anyway, and it just doesn’t sell. So, I’m guessing this new “love child” [thanks Khai L.] from them both is probably not targeted for the US market – at least not until we see much higher gas prices push gas-guzzlers to junk yard.

    1. DaveMart says:

      Here in Europe subsidies are a straight money of the sticker thing, not a tax rebate.
      Small BEVs are still not selling well though, outside of Norway where incentives are piled on incentive.

      Toyota can’t see a business case for them, and killed the iQ.

      Contrary to what many on this forum think, Toyota are in fact rather good at making advanced cars.

      Failing much tougher emission limits, I think it will be a while before the small battery electric car is viable ex subsidies.

    2. Ocean Railroader says:

      How far is your range when you take it on the highway at 60 miles on hour? And how far do you get in range going 50? In that I’m planning on buying a used one for under $10,000 and driving it 300 miles from another state.

      1. HappyMiever says:

        40 miles @60 50@50 60@40 avg speeds during summer. Easy to do 100 miles with Qc

  13. EV says:

    So its going to have the good looks of that kidney bean looking thing and the absolutely stunning leaf??!!!!

    ROFL already know this thing is going to be ugly as sin

    1. Assaf says:

      I dunno, I have a soft spot for the i-MiEV looks. It reminds me of Pokemon, and I’ve been brainwashed in these by my kids for over a decade :)

      As to the Leaf, after 2 years with one, that’s how a normal car should look in my eyes!

      1. Ocean Railroader says:

        The Mitsubishi i-miev reminds me of some type of happy creature.

        1. Bill G. says:

          In my i-MiEV the happy creature is me. With cheap time-of-use EV electricity, my bill went down, which makes my distance costs free per mile. Don’t believe the 62 mile range, I regularly get in the 70′s even with hills and freeways.

    2. Just_Chris says:

      I think you might be confusing good and evil.

      Sin is stunningly beautiful and tempting and results in bad things happening, think an open road, no speed limit and a sports car.

      Good is a future where we all drive fugly little jelly beans, have spare money to give to charity and old people in cities die of old age not emphysema.

      This car will be as ugly as good gets.

  14. Priusmaniac says:

    We need more sedan choices, the mini cars is already overcrowded.

  15. Kakkerlak says:

    The Financial Times and TransportEvolved both have stories that correctly read the subtext that this is a “kei jidosa” class vehicle.

    Nissan and Mitsubishi already collaborate on the NMKV family kei cars in Japan, so this is really just an expansion of that collaboration for an electric powertrain.

    There is zero chance that this is a super-low-cost car for the American market.

  16. I Miev Watson says:

    We just bought a used I-miev with 8800 miles on it for $10,500. At that price, it’s a fantastic city runabout, car payment is less that we were spending for gas for my wife’s mini-van. She loves it! Very maneuverable (because of it’s size) easy to park in tight situations and it meets all of her housewife errand/chore duties with 65 to 70 miles of range available. There are quite a few of these used on cargurus.com for roughly $9,000-$13,000 dollars.

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