The first electric Vespa costs more than $7,000

Two years after it was announced, the first all-electric Vespa scooter is about to go on sale in Europe, and parent company Piaggio has finally shared the starting price: €6,390, or a little over $7,300. That’s nearly twice as expensive as some of the cheapest gas-powered Vespas. Preorders are available now in Europe ahead of the scooter’s ship date later this year, while customers in the US and China will have to wait until early 2019.

The Vespa Elettrica, as it’s called, has about 62 miles of range, takes about four hours to fully charge from a standard wall outlet, and the battery pack should last for about 10 years’ worth of riding. It offers peak power of 4kW, or about 5.2 horsepower, which is roughly the same as a 50cc scooter…

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