Earlier this year, Daimler announced that it is converting the Smart brand to all-electric in North America and discontinuing gas-powered Smart cars.

By September, Canadian and American dealerships will stop receiving gas-powered smart cars and the 2017 electric smart model year cars will become the only options.

Today, Daimler confirmed pricing of the 2017 smart fortwo electric drive and it received a small price reduction to a starting MSRP of $23,800.

It’s a $1,200 price cut for the coupe version, while the cabrio remains the same price – $28,000.

The 2017 models not only come with a price reduction but also with several performance increases like a faster onboard charger and 80 hp motor versus 74 hp.

The biggest difference is the increase in efficiency. While the battery pack is still 17. 6 kWh, they use new battery cells increasing the range to up to 80 miles – though the EPA has yet to rate the vehicle.

GreenCarCongress put together a comparison chart with the last generation:

Previous Generation smart electric drive New Generation smart electric drive
MSRP $25,000 (coupe) $28,000 (cabrio) $23,800 (coupe) $28,000 (cabrio)
Battery 93 cell lithium-ion high- voltage  battery 96 cell lithium-ion high- voltage battery
Battery capacity 17.6 kWh
Motor liquid-cooled permanent- magnet synchronous electric motor air-cooled  three-phase synchronous electric motor
On-board Charger 3.3 kW 7 kW
Range in miles (approx.) 68 estimated 70-80
Charging time, wallbox (240V) (approx.) 0-80% = 4.5 hours 0-100% = 6 hours 0-80% = estimated 2.5 hours 0-100% = estimated 3 hours
Performance 74 hp 96 lb-ft 80 hp 118 lb-ft
Acceleration 0-60 mph (sec) 11.5 (cabrio: 11.5) 11.4 (cabrio: 11.7)
Top speed (mph) 78 81
Transmission single-stage
Drive Config. Rear-Wheel Drive
Turning Radius (ft) 28.7 22.8
Curb weight (lbs) 2,094 (cabrio: 2,138) 2,363 (cabrio: 2,383)
Wheelbase (in) 73.5 73.7
Length (in) 106.1 106.1
Width (in) 60.7 65.6
Height (in) 61.4 61.2

After the federal tax credit, it brings the price down to $16,300 and the vehicle can be eligible to state EV incentive bringing the price down even further.

While the relatively short range is not ideal, it can be a decent commuter car for city dwellers and at that price, it’s one of the cheapest EV ownership experience today.

The first 2017 models are expected in the US this summer.