In an effort to keep ahead of the competition, Honda has announced that the pricing for the 2013 Honda Fit EV has been lowered to $259 a month. Currently the Fit EV’s monthly lease price is set at $389 a month, but starting next month, Honda is lowering the lease price and throwing in a free 240 volt home charging station.

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The Nissan Leaf, Fiat 500e and Chevy Spark EV all have a $199 a month lease rate for 36 months, which is still lower than the Honda Fit EV, but the 2013 Fit EV requires no down payment and includes unlimited mileage, routine maintenance and collision coverage.

“The Fit EV already is a benchmark electric vehicle with a leading-range rating, fun-to-drive dynamics and excellent packaging,” said Steve Center, vice president of Environmental Business Development at American Honda Motor Co., Inc. “Now it’s the only EV on the market with no down payment, unlimited mileage, collision coverage and a free home charging station, giving customers an unprecedented value that only Honda can provide and a compelling reason to get off the barrel and onto the grid.”

The announcement even applies to current Fit EV customers, which will also see their lease rates drop in June 2013. In addition to the new lease price, the Fit EV online application process is further streamlined to allow for quicker approval and delivery of the vehicle to the customer. Further, the network of qualified Fit EV Honda dealers in California, Oregon, New York, New Jersey, Massachusetts, Maryland, Rhode Island and Connecticut will expand from 36 to more than 200 by the end of June.

+ Honda