The Fiat 500e is one of the cheapest electric vehicles available in the U.S., and it gets even cheaper in its second model year since returning to this market in redesigned form.

The 2025 Fiat 500e costs $2,000 less than it did for 2024, bringing its base price down to $30,500 before destination. That makes the two-door hatchback the second-lowest-priced EV in the U.S. after the 2025 Nissan Leaf, which is priced from $28,140 before destination.

The price cut was first reported by CarsDirect, which later received an official statement from a spokesperson for Fiat parent Stellantis. It explained that the current-generation Fiat 500e has been in production much longer for the European market and that as a result the automaker has found some places to cut production costs.

The other big news for Fiat’s sole U.S.-market model is a Giorgio Armani Collector’s Edition with exclusive paint colors and interior trim inspired by the fashion brand, plus wheels shaped like the Armani logo. Revealed at the 2024 Los Angeles auto show last November, it’s set to be part of the lineup for 2025, but hasn’t yet been priced for the U.S.

2025 Fiat 500e Giorgio Armani Collector’s Edition

While no longer a compliance car, like the original, the 500e was set to serve as a litmus test for American electric small-car demand—and short-range EV demand. Its 42-kwh battery pack provides just 149 miles of EPA range. It appears that demand was very low, as the parent company had to reel back and pause production.

That said, we called the 500e pretty charming for urban use in a first drive, though we do wonder if a four-door might be more popular. Meanwhile, parent Stellantis has been testing battery swapping with this model—while considering a gasoline option, despite ostensibly planning this generation to be electric-only.