Mitsubishi Motors Corp has cut the price of its i-MiEV subcompact electric car in the United States by 20 percent for the 2014 model year, joining the parade of automakers who have lowered EV prices to boost demand.

The Japanese automaker said on Tuesday that it would cut the price of the i-MiEV by $6,130 over the previous 2012 model to $23,845 when the new version goes on sale in the spring. After a $7,500 federal tax credit, the price starts at $16,345.

California residents can receive up to another $2,500 in EV incentives, which would lower the price to $13,845.

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Mitsubishi Slashes  i-MiEV Subcompact Electric By 20% In Hopes Someone Will Buy It

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