Fiat has decided to hold off on selling the Fiat 500e electric compact vehicle in Europe. Fiat global brand chief Olivier Francois confirmed that the company won’t distribute the 500e outside of North America, for now at least.
Even within North America, Fiat has said it will lose as much as $10,000 per electric 500e sold, even with a price of around $35,000.
Fiat is planning to sell the 500e in California in mid 2013 as a compliance vehicle designed to meet zero-emissions mandates enacted by certain US States.
Fiat sent out a press release with some details on the car including stats that it will go more than 80 miles on a charge, and typical city driving will give a distance of greater than 100 miles of pure electric driving. The 111 horsepower electric motor has 147 foot pounds of torque, which should be more than enough to get the compact car moving. Fiat estimates the 500e will achieve 116MPGe. Charging time for the 24kWh lithium ion battery pack on 240 volts is less than 4 hours.
Later this week, the Fiat 500e will be shown off at the LA Auto Show.