The 500e boasts a range of up to 87 miles.
The Environmental Protection Agency (EPA) has given Fiat's new all-electric 500e a rating of 108 MPGe on the highway and 122 MPGe in the city. The pint-sized hatchback is capable of returning 116 MPGe in a combined cycle, making it the third most efficient EV on sale in the United States.
Built in Mexico, the 500e's drivetrain is made up of a lithium-ion battery pack and a 111-horsepower motor that transmits power to the front wheels. A full charge takes less than four hours on a standard 240-volt household outlet.
Although Fiat CEO Sergio Marchionne openly admitted that the 500e is a compliance car, Fiat claims that it was designed to take on the best of the EV segment.
"Our environmentally sexy Fiat 500e offers a design proposition like no other while delivering unsurpassed MPGe and class-leading range, making our 500e a serious contender in the market," said the automaker in a statement.
The 500e will arrive in Fiat showrooms in California in the second quarter of 2013. Pricing information will be released closer to its launch.