Electric cars are no longer just a high-priced option for the privileged. Sure, if you want a Tesla ( )Model S, an all-out luxury car with a nearly 300 mile driving range, then you're going to pay luxury prices. But, especially if you live in California, there are reasonably priced options out there.
Electric cars are particularly attractive if you're leasing. When you lease an electric car, the leasing company takes that $7,500 federal tax credit and uses it to reduce your monthly payments right up front. No waiting for your tax return.
The Fiat 500e pictured above not only gives you the instant gratification of a relatively cheap lease, it also gives you an added benefit. It's hugely fun. And that's not to mention the cool design. If you don't need long driving range, there's little reason not to choose this over a gasoline version which leases for about the same amount. Unfortunately, it's only available in California.
The redesigned pony car will offer better fuel economy, an improved ride and better handling, Ford says.