The Honda Fit EV has received the highest fuel-efficiency rating of any electric passenger car from the EPA -- the equivalent of 118 mpg.
The EPA, which uses a complicated formula to determine mpg efficiency, estimated the Fit EV's annual electric "fuel" cost at $500, Honda said in a release.
Using a 20-kilowatt-hour lithium ion battery, the Fit EV has a total range of 82 miles in the combined driving cycle.
The Fit EV has a 92-kilowatt motor that generates the equivalent of 123 hp, as well as 188 pounds-feet of torque. Honda says the Fit EV can be recharged from a low state of charge in three hours with a 240-volt connector.
Starting this summer, Honda is leasing the Fit EV to 1,110 customers in limited California, Oregon and East Coast markets for a zero-down, $389-a-month lease for 36 months. The calculations are based on a sticker price of $37,415, including destination.
Bloomberg contributed to this report