Comment Re:Something Doesn't Smell Right (Score 1) 462
How much did it cost to setup their infrastructure to produce these cars? It seems like it would be a loss if they don't sell any at all. Why wouldn't they raise the price?
The electric Fiat shares probably 90% of its parts and most of an assembly line with the gas-powered Fiat 500; it's the remaining 10% (particularly the batteries) that make the 500e so expensive to produce. California clean-air laws require Fiat to sell a certain number of electric cars if they want to do business in California and restrict how much Fiat can mark up the price of the electric version. If Fiat can't get the parts needed for less than the permissible markup, they're required to sell the cars at a loss.