Nissan Leaf Will Cost Only $25,000

Nissan has announced pricing on the upcoming Leaf electric vehicle, and surprisingly, it's affordable.

After subtracting a $7,500 federal tax credit for electric cars, the price of the Leaf will come out to $25,280 (There is an additional $800 destination charge).

The Nissan Leaf will be the first affordable all-electric vehicle on the market. As part of the purchase, buyers will have to install a 220-volt home charger which costs about $2,200. The good news: There's an additional federal tax rebate that will offset that price by $2,000.

Even better news - residents in California and Georgia qualify for an additional $5,000 tax rebate while Oregon residents get an additional $1,500 tax credit.

The Leaf has a range of about 100 miles between charges and will cost only $3 each time to recharge.

The first cars will be available in Seattle, Oregon, Tennessee, San Diego, Phoenix and Tucson starting in December. Nissan will begin taking deposits of $99 on April 20.

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