Honda's new all-electric Fit only available via lease, and only in California and Oregon

Los Angeles Auto Show Previews Latest Car Models

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The new Honda Fit EV all electric car is unveiled at the L.A. Auto Show on November 16, 2011 in Los Angeles.

Southern California will be one of the first markets where drivers can lease Honda's newest electric car. The Japanese automaker has announced it will offer a lease for the all-electric version of its popular five-passenger Fit starting later this month.

The electric Fit made news recently when the Environmental Protection Agency awarded it the highest "miles per gasoline equivalent" rating so far. MPG-e is how the federal government is trying to make it possible to compare electric cars to gas-powered ones, though electric car owners say the car’s range — how far it can travel on a charge — matters to them too.

The new Honda Fit isn’t even available for purchase yet. The idea is to offer it under a three-year lease for $389 a month in some California and Oregon markets, then expand the program for six East Coast cities next year.

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