The 2013 Smart Electric Drive is the third generation of the electric version of the small 2 seat all electric vehicle. Ratings of the previous 2 generations were mostly negative, but it looks like Smart may have a winner on their hands this time.

Pricing will help too – the Smart Electric Drive is priced at $25,750 for the coupe and $28,750 for the soft top version. That makes it the least expensive electric vehicle in the United States, beating out the Mitsubishi i (i-MiEV) which starts at $29,975.

The Smart Electric Drive also qualifies for state and federal incentives like other electric vehicles currently on sale. The $7,500 federal tax credit and a $2,500 purchase rebate in California would make the overall price of the Smart ED well under $20,000.

The EPA hasn’t officially rated the Electric Drive, but Smart USA is estimating a 90 mile electric range. More likely, the Smart Electric Drive will end up with a range of 60-75 miles, which could be slightly better than the Mitsubishi i which is rated as having a 62 mile range.

The Smart ForTwo Electric Drive has a lithium-ion battery pack and can charge from 20 to 80 percent in 3.5 hours with the onboard 3.3kW charger. The Smart Electric Drive will not come with fast charging on U.S. models.