Chrysler plans to launch an electrified version of the Fiat 500 in the US. The story inside.

Chrysler has announced they will be bringing an electric version of the Fiat 500 to the US market.  Production is said to begin in 2012.  The combustion powered Fiat 500 goes on sale in America later this year.

The US edition will undergo further development at Chrysler hq in Auburn Hills, Michigan.  "The alliance with Fiat presented new opportunities to merge Chrysler Group engineering knowledge with new platforms and the Fiat 500EV is an outstanding example of our efforts," said Chrysler engineering executive Scott Kunselman.

"The Fiat 500 is a small, lightweight platform perfect for integrating electric-vehicle technology."

Chrysler brought an electrified version of the Fiat 500EV to the Detroit motor show earlier this year.   Details about the car's performance, power, range and recharge time have not been revealed.  US pricing of the Fiat 500EV will be announced closer to the vehicle's launch date, but the company says it "will be competitive with similar electric vehicles in the market."

Let's hope it's much better priced than the Chevrolet Volt or the MINI Cooper E.