Summary Box: Nissan sets electric car price

Summary Box: Nissan sets electric car price

THE DEAL: Nissan Motor Co. says it will sell its Leaf electric car for just over $25,000 in the U.S., including a government tax credit. The base sticker price is $32,780. The Leaf can travel 100 miles on a charge from a home outlet.

THE CHOICES: The Leaf and General Motors Co.’s Chevrolet Volt go on sale in December, the first electric vehicles for sale to mainstream buyers. Other automakers have plans for electrics in later years.

THE IMPACT: GM and others may have to reduce prices to compete with the Leaf. GM expected the sell the Volt for around $35,000 not including the tax credit. It says the Volt is worth more because it has a gas engine to extend its range.