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Price Hike for All-Electric Nissan Leaf

Breaking News

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Nissan North America has announced a price hike for the 2012 model of its all-electric Nissan Leaf.

Automotive News reports that the base model will now cost $36,050, an increase of $2,420. The SL model will start at $38,100, a $3,530 jump. 94% of all Leaf purchases are of the upgraded SL.

The new prices put the Leaf closer to the electric-hybrid Chevrolet Volt, which starts at $39,995. Both cars are also eligible for the $7,500 credit.

The Leaf, which Automotive News calls "hard-to-get, slow-to-build," is currently only for sale in seven states. Nissan said it will expand that by seven more states for 2012.

Also, the company said production is back to normal following the devastating earthquake and tsunami in March.

Production for both 2011 and 2012 are limited to no more than 20,000 cars in the U.S. But after 2012, Nissan intends to open the floodgates -- starting a U.S. production line that will pump out 150,000 cars per year.

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