Mitsubishi Motors Australia sets the price of its i-MiEV electric car at A$48,800 ($51,444) when it goes on sale in August. The auto maker says the price applies to the ’12 model, which will be available for outright purchase, rather than lease. The EV features upgraded specifications, including side and curtain airbags and electronic stability control. Mitsubishi Australia President and CEO Genichiro Nishina says the price represents a 22.5% reduction on the cost of the previous ...

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