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5/30/2013 - Honda Reduces Fit EV Lease Price

For more information:
Jessica Fini (310) 783-3164
Marcos Frommer (310) 781-4223

For Immediate Release

Honda Reduces Fit EV Lease Price

  • Honda reduces Fit EV monthly lease price from $389 to $259 a month for new and current lessees
  • The three year lease requires no down payment; includes unlimited mileage, routine maintenance and collision coverage
  • Customers receive a free Leviton 240 volt EV home charging station

     TORRANCE, Calif., May 30, 2013 – Honda is now offering the highly efficient and fun-to -drive all-electric Fit EV at the new competitive lease price of $259 a month beginning June 1. Reduced from $389 a month, the new three year lease stretches customer’s electric dollar even further with no down payment, unlimited mileage, routine maintenance, collision coverage and a free 240 volt Leviton EV home charging station1, Honda’s preferred charging station supplier, all included. The new reduced lease price and unlimited mileage term will also be applied to existing Fit EV customer leases going forward starting in July 2013. With the reduced payment, unlimited mileage, maintenance and collision coverage, this new lease program effectively makes the Fit EV one of the most affordable2 electric vehicles available in the U.S.
     “The Fit EV is already a benchmark electric vehicle with class-leading range, fun to drive dynamics and excellent packaging,” said Steve Center, vice president of Environmental Business Development at American Honda Motor Co., Inc. “Now it’s the only EV on the market with no down payment, unlimited mileage, collision coverage and a Leviton EV home charging station, giving customers even more reasons to get off the barrel and onto the grid.”
     In addition to the new lease price, the Fit EV online application process is further streamlined to allow for quicker approval and delivery of the vehicle to the customer. Additionally, the network of qualified Fit EV Honda dealers in California, Oregon, New York, New Jersey, Massachusetts, Maryland, Rhode Island and Connecticut will expand from 36 to more than 200 by the end of June.
     Recently named one of the Ten Best Green Cars by KBB.com , the 2013 Honda Fit EV is the most efficient 5-passenger electric vehicle on the market with a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPGe3, an EPA-rated driving range of 82 miles, and a low energy-consumption rating of just 29 kilowatt hours (kWh) per 100 miles.
     Fit EV customers may also take advantage of Honda’s partnership with SolarCity to install solar power with no upfront cost, allowing them to recharge their vehicle with clean, affordable power from the sun.
     Customers interested in leasing the Fit EV or learning more about the vehicle, are encouraged to visit http://automobiles.honda.com/fit-ev/. To learn more about Leviton charging stations, please visit www.leviton.com/honda Information on the SolarCity partnership can be found at http://www.hondasolarcity.com/.

Fit EV Competitive Lease Comparison2

MSRP Lease Term (months) Due at Signing4 Mileage Limit Collision Converage5 Total Equalized Lease Extra Equalized Monthly Cost
Fit EV $36,625 $259 36 $259 No Yes $9,324 EV Charger Credit, Maintenance $259
Nissan Leaf $28,800 $199 36 $1,999 12K No $10,759 NA $327
Ford Focus e $39,995 $284 36 $929 10.5K No $12,069 NA $363
Fiat 500 e $31,800 $199 36 $999 12K No $9,164 Rental Car Credits $255
Chevy Spark EV $27,495 $199 36 $999 12K No $9,363 NA $288

1Customer responsible for costs associated with installation of the charging hardware
3132/105/118 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.
4Amount due at signing may include down payment, capitalize cost reduction, acquisition fee, security deposit and first month payment. Does not include taxes and title fees.
5Collision Coverage is included with the lease. This means that Honda is taking the risk and responsibility for repairs to the Fit EV, leaving to the lessee only the responsibility to obtain and carry liability insurance for at least the minimum required by the lease. There is no deductible, and Honda will evaluate and approve all repair requests submitted. The lessee will be required to call a toll free number to report all collisions/damage and receive instructions to arrange for repairs.

Connect with Honda:
Media Newsroom (for journalists) http://www.hondanews.com
For consumers: www.automobiles.honda.com/fit-ev
YouTube: www.youtube.com/honda
Flickr: www.flickr.com/hondanews
Twitter: www.twitter.com/honda
Facebook: http://www.facebook.com/honda
Pinterest: http://pinterest.com/honda
Instagram: http://instagram.com/honda
Google+: https://plus.google.com/+honda


4/23/2012 - Honda Announces Leviton as Preferred Electric Vehicle Charging Solution

Leviton’s technologies to charge new Fit EV and Accord Plug-In Hybrid Sedan

TORRANCE, Calif., April 20, 2012 – American Honda Motor Co., Inc. today announced that Leviton Manufacturing Company, the global leader in connectivity solutions, has been selected as Honda’s preferred Electric Vehicle Supply Equipment provider for customer and dealer EV charging.

"As leaders in the fields of advanced technology for mobility and energy solutions, Leviton and Honda both have unique missions to create a more sustainable future," said Steven Center, vice president of the Environmental Business Development Office at American Honda. "Pairing Leviton’s EV charging solutions with Honda’s advanced Fit EV and Accord Plug-In Hybrid Sedan electric vehicles will enable a more convenient and seamless ownership experience for our customers."

Honda will be introducing two battery-electric vehicles beginning with the 2013 Honda Fit EV this summer, and the Honda Accord Plug-In Hybrid Sedan next winter. The 2013 Honda Fit EV battery-electric commuter car, based on the popular Fit, targets an estimated 123 city-mile range per charge (76 mile range combined adjusted city/highway) and can fully recharge its battery in as little as three hours when connected to a 240-volt circuit. The Honda Plug-In Hybrid Sedan uses an all-new, two-motor hybrid system which continuously moves through three different modes – all-electric, with up to a 15 mile per charge range; gasoline-electric; and direct-drive – to maximize driving and fuel efficiency, especially during city driving.

"Leviton is excited to work with American Honda as they launch their electric vehicle program here in America. At a high level we share a very similar overall mission; to supply products of the highest quality at a reasonable price for complete customer satisfaction,” said Michael Mattei, Vice President and General Manager for Leviton’s Commercial and Industrial Business Unit. “In addition, we hope to continue to enable the electric and hybrid electric industry through simple, easy to purchase, easy to install and easy to use products, while providing the highest level of consumer safety."

About Honda
Honda offers a diverse range of cars and trucks that include the mid-sized Accord, the compact Civic line-up with seven individual trim-levels, CR-V crossover SUV and Odyssey minivan. Honda also includes a wide range of fuel-efficient and low-emission vehicles such as the Insight hybrid, Civic Natural Gas (compressed natural gas-powered vehicle), Civic Hybrid, CR-Z (sport hybrid coupe), FCX Clarity (fuel cell-electric vehicle) and the soon-to-be-released Fit EV (electric vehicle). Honda's 2013 Fit EV battery-electric commuter car, based on the popular Fit, targets an estimated 123 city mile range per charge (76 mile range combined adjusted city/highway)1 and can fully recharge its battery in as little as three hours when connected to a 240-volt circuit. For more information about the Honda Fit EV battery-electric vehicle and to sign up to become a potential Honda lessee, please visit Honda's Fit EV consumer page at http://automobiles.honda.com/fit-ev.

About Leviton
Leviton Manufacturing Company is the largest privately held global provider of electrical wiring devices, data center connectivity solutions and lighting energy management systems. Founded at the turn of the 20th century in America, Leviton has grown to become one of the preeminent leaders in the electrical industry. Today Leviton's product portfolio consists of more than 25,000 devices and systems used in homes, businesses and industry. Proven to be a smart choice, nine out of 10 homes throughout North America have Leviton products installed in them. Builders, electrical contractors and other industry professionals rank Leviton products No. 1 in brand preference. To request more information about Leviton, please visit www.leviton.com, www.facebook.com/leviton, www.twitter.com/leviton, www/youtube/user/levitonmfg.

Connect with Honda:
Honda Media Newsroom (for journalists): www.hondanews.com
Honda Fit EV (for consumers): http://automobiles.honda.com/fit-ev
Honda Fit EV on Facebook
Honda on YouTube: www.youtube.com/honda
Honda on Flickr: www.flickr.com/hondanews
Honda on Twitter: www.twitter.com/honda
Honda on Google+
Honda on Pinterest: http://pinterest.com/honda