Israeli electric car pioneer unveils price plans

AP News
Posted: May 17, 2011 1:12 PM
Israeli electric car pioneer unveils price plans

Electric car company Better Place has unveiled the pricing of its subscription packages ahead of the rollout of the world's first nationwide battery-charging grid.

The company said Tuesday the base price for its flagship Renault Fluence Z.E. electric car will be 123,000 shekels, or $34,670.

It will offer various subscriptions depending on how much a user drives. Monthly costs will range from 1,090 shekels ($310) for 12,000 miles (20,000 kilometers) a year up to $450 for 20,000 miles (30,000 kilometers) a year.

The company said it will also be offering a three-year package offering unlimited mileage for 157,500 shekels ($44,530).

The company says the overall costs are up to 20 percent lower than a gasoline-powered car.

The Renault cars are to go on sale in Israel in August.