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Will the Tata Nano EV Revolutionize Electric Cars?

By Daka's calculation, this all adds up to an electric Nano with a roughly estimated price tag of around $8,000 to $10,000. That's still, of course, significantly cheaper than, say, Toyota's (TM - Get Report) gas-electric hybrid 2010 Prius, which is priced at more than $20,000, and the much-anticipated GM plug-in electric Chevrolet Volt, which has a reported price tag of $40,000.

Another eagerly awaited electric vehicle that could soon come to the U.S. is Nissan's (NSANY) Leaf, which Nissan's chief Carlos Ghosn says faces virtually zero competition as it enters the market and will exhibit the largest capacity to make new vehicles compared to all the other automakers trying to introduce an electric car to the market, according to The report also says that while Nissan plans to start shipping out the Leaf by the year's end, the automaker is aiming for a production capacity of 500,000 vehicles in North America, Japan and Europe by 2012.

Ultimately, a Nano EV export would probably be cheaper than most any electric vehicle currently on the market. But based on Morningstar's guesstimated price, would it be cheap enough for you to choose it over the other possibilities out there? Take out poll, and see what TheStreet thinks -- and don't hesitate to leave a comment, while you're at it.

Based on Morningstar's estimated price, would you choose a Tata Motors' proposed electric car over the other electric car options?

Yes -- the Tata Nano EV sounds like a good deal.
No -- it's still a bit pricey and the size is just too small.

-- Reported by Andrea Tse in New York


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