Mini has released pricing information for the new all-electric Cooper SE, which will hit U.S. showrooms in March.

The electric subcompact hatch has an MSRP of $29,900*, excluding the $850* destination and handling fee. However, with the federal tax credits and state electric vehicle tax, some customers could pay as low as $17,900*.

“U.S. pricing of the new Mini Cooper SE was set to establish this new battery electric as a true class leader in making premium electric mobility more accessible to a broader range of customers”, said VP of Mini Americas, Michael Peyton. “We at Mini are pleased to offer more people the ability to experience a drive charged with passion in the form of the Mini Cooper SE, an EV that is built ‘for the drive’.”

Also Read: BMW Production Chief Defends Electric Mini’s Driving Range

The new EV will be offered in three trim levels, with the base model featuring 16-inch wheels, LED headlights and fog lamps, 6.5-inch infotainment system, digital dials, Apple CarPlay, Bluetooth, reversing camera, dusk-sensing headlights and rain-sensing wipers, heated side mirrors, auto A/C, leatherette upholstery and heated front seats. Moreover, Cruise control, Active Driving Assistant with Forward Collision Warning and Acoustic Pedestrian Warning are also standard.

Mini has yet to detail the other two grades, but all of them are powered by a 181 HP (184 PS / 135 kW) and 199 lb-ft (270 Nm) of torque electric motor that drives the front wheels, allowing for a 0 to 60 mph (0-96 km/h) sprint in 6.9 seconds and a 93 mph (150 km/h) top speed.

The 32.6 kWh battery pack supports 7.4 kW AC charging, taking 4 hours to charge at home, and up to 50 kW DC charging, which brings it up to 80 percent in 35 minutes. According to the specifications, the Cooper SE has a range of 146-167 miles (235-270 km).