Joe Delello

With any new technology there’s always a steep initial price as low supply and even lower demand play a delicate balancing act that will eventually determine whether the technology lives or dies. The same is true for electric vehicles (EVs), which are still considerably more expensive than regular gasoline powered cars, even with government funded incentive programs. Take the Mitsubishi i-MiEV, which has already gone on sale in Japan and is about to be launched in Europe. In Japan the tiny urban runabout sells for about $53,000 and in German prices will go as high as $59,000--about the same...