The AP has a really good article on the Chevy Volt and Nissan Leaf with a lot of interesting details.
GM's $350-a-month lease deal is for 36 months with $2,500 down. Nissan's lease plan is $349 a month over the same period with $1,995 down. Toprak said the Volt lease will be heavily subsidized by GM as a way to get people into Chevrolet showrooms.
For those who buy the Leaf or Volt, the two cars also are eligible for a federal tax credit that will cut their prices by $7,500. The Volt's price would fall to $33,500 while the Leaf's would drop to $25,280 -- from $32,780. Some states, such as California, Georgia and Oregon, offer additional tax breaks that will lower the price further. The federal government will phase out the credits when each manufacturer sells 200,000 electric cars.
GM expects to sell 10,000 Volts in the first year and Nissan said it already has 17,000 orders for the Leaf.
GM will sell the Volt first in California, then make it available in New York, New Jersey, Connecticut, Washington, D.C., Michigan and Texas. Orders are being taken at 600 Chevrolet dealers in those states. The car will be sold nationwide in 12 to 18 months.
Nissan will start selling the Leaf in California, Washington, Oregon, Arizona and Tennessee in December. The Leaf will go on sale in other markets through 2011 and be available nationwide by the end of next year.
The Volt, a four-door sedan which goes on sale in November, runs on battery power for up to 40 miles but has a small gasoline engine to generate electricity once the battery runs down. The gas engine can generate power to run the car another 300 miles.
Nissan's Leaf, which goes on sale in December, can go up to 100 miles on a charge. The car doesn't have a gas engine and must be recharged once its battery is depleted. Nissan spokeswoman Katherine Zachary said the Leaf itself emits no pollution and is designed for people whose daily travels are within its range.