Honda Expands Fit EV Leasing to Select East Coast Markets
The EPA-rated 118 MPGe Fit EV will be available in seven states and on both coasts

TORRANCE, Calif February 12, 2013


The all-electric 2013 Honda Fit EV, first launched in California and Oregon in July 2012, is coming to select East Coast markets later this month, American Honda announced today. The Fit EV will be available for lease at Honda dealerships in selected markets in Massachusetts, Connecticut, Maryland, New York, and New Jersey. Customers will be able to lease the ultra-efficient, spacious and fun-to-drive Fit EV for a period of three years at a cost of $389 per month.

The 2013 Honda Fit EV, part of Honda's diverse portfolio of alternative-fuel vehicles, has a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPGe1, an EPA-rated driving range of 82 miles, and a low energy-consumption rating of just 29 kilowatt hours (kWh) per 100 miles.  

"Expanding the availability of the ultra-efficient Fit EV to the East Coast is the next logical step in Honda's strategic and customer-focused approach to growing the market for low-CO2, sustainable mobility technologies," said Steve Center, vice president of the American Honda Environmental Business Development Office. "Combining Honda's extensive EV experience with customers–which began 15 years ago with the Honda EV Plus–with the real-world feedback from early Fit EV lessees in several different markets will help us prepare for growing adoption of electric vehicles."

Based on the award-winning five-door, five-passenger Honda Fit, the 100-percent electric Fit EV features a 20-kilowatt-hour (kWh) Lithium-Ion (Li-Ion) battery and a compact 92-kilowatt (123 horsepower) AC synchronous electric motor that generates 189 ft-lb of torque. This efficient powertrain is teamed to a chassis with a fully-independent suspension and a driver-selectable 3-mode drive system. The result is a fun-to-drive EV with an EPA combined city/highway estimated driving range rating of 82-miles1.

An onboard charger allows the vehicle to be plugged into any household-type 120-volt outlet (dedicated GFCI outlet recommended) or an available 240-volt AC power supply. When connected to a 240-volt circuit, the Fit EV battery can be recharged in less than three hours from a low charge indicator illumination point3. When connected to an outlet, charging can be started or stopped with an included Fit EV interactive remote control, through an available smartphone application or through the internet on a personal computer.

Already available since July 2012 for lease-only in select California and Oregon markets, the Fit EV is offered at a lease price of $389 per month2 over a three-year term, computing to a Manufacturer's Suggested Retail Price (MSRP) of $36,625. Customers interested in leasing or learning more about the Fit EV are encouraged to sign up at www.FitEV.Honda.com.

Honda Environmental Leadership
In addition to the Fit EV, Honda's diverse portfolio of alternative fuel vehicles has included numerous technologies to improve fuel efficiency and reduce CO2 emissions including the first EV leases in California (1997 Honda EV Plus), the retail introduction of America's first hybrid (1999 Honda Insight), delivery of the first fuel-cell electric vehicle in the U.S. (2002 Honda FCX), four generations of the Civic Natural Gas (first introduced in 1998) and the first gasoline-powered vehicles in the hands of consumers to meet stricter emissions standards. Honda has also led the Union of Concerned Scientists (UCS) rankings of overall vehicle environmental performance since 2000, and a Honda vehicle has topped the list of America's greenest vehicles, from the America Council for an Energy-Efficient Economy (ACEEE), for 15 consecutive years.

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1132/105/118 city/highway/combined miles per gallon of gasoline-equivalent (MPGe) rating; 82 mile combined (city/highway) driving range rating (adjusted).  Ratings determined by U.S. EPA.  Your MPGe and range will vary depending on driving conditions, how you drive and maintain your vehicle, battery age/condition, and other factors.  For additional information about EPA ratings, visit http://www.fueleconomy.gov/feg/label/learn-more-electric-label.shtml.

2Subject to limited availability through October 2014 in designated market regions on approved credit through American Honda Finance Corp. Closed end lease for 2013 Honda Fit EV for well-qualified lessees meeting specific use and operation requirements. Not all applicants will qualify. No purchase option at lease end. MSRP $37,415 (includes destination). Excludes tax, title, license, registration, options and insurance. Zero capitalized cost reduction. Total monthly payments $14,004.00. Lessee responsible for non-routine maintenance, excessive wear/tear and up to $0.20/mi. over 12,000 mi./yr. Lease includes collision coverage, routine maintenance, roadside assistance and navigation system updates

3 From low-charge indicator illumination point to full charge

 

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