What we already know if that subsequent to their alliance, Fiat and Chrysler are bringing the Fiat 500 to market in the US later this year.? Now Chrysler announces that by 2012 the Fiat 500 will be electric.? The Fiat 500EV will use the same platform as the gas 500 with a new powertrain, comprised of three main systems; high power electric powertrain module, advance lithium ion battery, and an EV control unit to manage power flows.? The Electric powertrain is all-American developed at the Auburn Hills Chrysler Group Headquarters.? What we do not know is pricing, that will be announced closer to launch.