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Mazda to Lease Fleet of EVs in Japan, Next Year

Mazda is embarking on an independent venture to develop an electric vehicle (EV). And it won't take long for the car to hit the streets. The Japanese automaker plans to start leasing the new vehicle in Japan, starting next spring.

The new EV is based on the Mazda Demio subcompact and is expected to have a competitive driving range of just over 124 miles. The plan, at least initially is to lease the vehicle…