The Environmental Protection Agency has rated the fuel economy equivalency of the 2013 Honda Fit EV. The all-new electric car will get 132/105/118 mpg-e city/highway/combined, making it the most efficient small electric car in its class.

Mpg-e (miles per gallon-equivalent) is how fuel economy is calculated for electric cars. Since electric cars use no gas, their energy consumption is displayed as a comparison to a conventional gas-powered car. In real-world driving, the Fit EV can travel up to 82 miles before it needs a charge. That driving range is also higher than comparable electric cars:

The Fit EV has a 20-kWh lithium-ion battery and a 92-kilowatt electric motor. Honda says it will cost owners about $500 to charge the Fit EV each year. The Associated Press writes that while the Fit EV’s mpg-e rating is impressive, it will take more than a decade for its low charging costs to compensate for its $37,415 price tag. That’s almost double the cost of a comparable gas-only Honda Fit Sport with navigation.

Honda will introduce the Fit EV gradually. Inside Line says only 1,100 will be available to lease through 2015. This summer, select markets in California and Oregon can lease the Fit EV for $389 a month for three years with no down payment. The East Coast introduction will begin in 2013.

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