Last year, the microcar segment shrunk while the overall vehicle market grew. While that may seem like bad news to a carmaker like Smart, Steve Cannon, CEO of Mercedes-Benz USA said of the Smart Electric Drive, “We have allowed it to find its own level, and it has marketing and a $99 lease.”
Smart has decided to lower the lease rate, which includes an $80 per month fee to rent the battery, from $199 to $99 per month for the 2014 model year. In addition, the vehicle will be available in all 50 States.
Last year, Smart sold 921 ForTwo Electric Drive vehicles in the USA, and the vehicle was only available in CARB states.
Visit the Smart Electric Drive forum to here from owners of the ForTwo Electric Drive