Citroen and Peugeot reduces price of electric carsHuge price drop for Citroen C-Zero and Peugeot iOn
21 March 2012
Peugeot and Citroen have reduced the price of their iOn and C-Zero all-electric cars.
The move comes in the aftermath of the Geneva Motor Show, where Renault revealed the pricing structure for its brand new Zoe Z.E. electric supermini.
Citroen C-Zero and Peugeot iOn: now £21,216
Citroen and Peugeot have slashed the price of their C-Zero and iOn – both rebranded versions of the Mitsubishi i-MiEV – from £33,155 to £26,216.
That’s a reduction of £6,939 in one fell swoop. Take into account the additional £5,000 saving available from the Government Plug-in Car Grant and that translates into an on-the-road price of £21,216.
By comparison, the new Renault Zoe is priced from £13,650, inclusive of the £5,000 Government subsidy. However, where the iOn and C-Zero include the cost of the vital battery pack, the Zoe does not. Instead, Renault buyers must sign up to a battery leasing scheme.
Costing £70 per month including VAT – based on a 36-month/6,000 miles-per-year contract – hiring the Zoe’s battery will be an extra expense. However, if we adjust for that, the total cost of the Renault over three years still works out at £5,046 cheaper than the purchase price of a C-Zero or iOn.
C-Zero and iOn electric motors
The C-Zero and IOn are designed for cities, with a small footprint, zero tailpipe emissions and a sufficient electric-only range for day-to-day driving and commuting – according to the manufacturers.
Powered by the same 64bhp electric motor and lithium-ion battery pack, the two cars are claimed to offer equivalent fuel economy of 134.5mpg, with a range of 93 miles and a potential top speed of 80mph.
When we tested the Peugeot iOn, we recorded a range of just 58 miles. And although no CO2 is emitted from the car's tailpipe, using the latest figures from the Department for Energy and Climate Change – which state that an average of 521g of CO2 is emitted per kilowatt-hour of electricity in the UK – the iOn's CO2 emissions from charging equate to 88g/km.
Recharging the car's battery pack takes 14 hours using a 110-volt supply, dropping by half to seven hours when upping electricity to a 220-volt input. With the official emissions figure standing at 0g/km CO2, though, the iOn and C-Zero incur no car tax (VED).
That said, neither do many much cheaper small cars powered by conventional internal combustion engines. Given this vast difference in asking price, you’ll have to go a long way in an electric car before you start to see genuine savings. Plus it will take a long time to do so, what with the lengthy charging times and limited range.