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Chevrolet Spark pricing gets official

Chevrolet has offered up the official pricing on its Spark EV -- the little vehicle will carry an MSRP of $27,495. Even though the outright purchase price for the Spark is $27,495, people who qualify for the $7,500 federal tax credit will be able to get that purchase price down to $19,995.
 
People interested in the Spark EV that live in certain areas of California could also qualify for up to an additional $2,500 off purchase price.
 
Chevrolet is also offering a very attractive lease option for the small electric vehicle that most people will probably choose. The lease option is for 36 months at $199 per month. That lease price puts the monthly out-of-pocket cost for the Spark on par with the Nissan Leaf and the Fiat 500e. The Spark lease does require a $999 down payment, which doesn't include tax, title, registration and other dealer fees.

The EPA estimates that the driving range for the vehicle on a full charge will be 82 miles. The vehicle also uses a SAE combo charger able to recharge the battery to 80% in only 20 min.

A regular, gasoline-engined Spark has an MSRP of $12,185 and get EPA estimated 32/38 mpg (city/highway).

"The Chevrolet Spark EV is the most efficient – and now one of the most affordable - EVs you can buy" said Chris Perry, vice president, Chevrolet Marketing. "Combined with outstanding infotainment and great design, the fun-to-drive Spark EV is engineered to impress."
 
The Spark EV will be offered through select Chevrolet dealers in California and Oregon beginning in June of 2013.

Source: Autoblog Green



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The price is right- too bad it looks so horrible.
By 91TTZ on 5/23/13, Rating: 0
By GulWestfale on 5/23/2013 10:19:59 AM , Rating: 4
well they're tall because people still have to fit inside them, and that isn't possible with a short, low car. so you sit more upright in a short car. i remember a designer once said that it was difficult to design a small car that didn't look awkward, but i think the toyota yaris hatch actually looks good.


By The0ne on 5/23/2013 10:29:11 AM , Rating: 5
Driving a rental Yaris now. I am very surprised at how it handles and feels. This is the basic model. It's gotten me interested enough to take a day test driving similar vehicles. I have to say the Sonic and Rio, with packages, aren't bad at all. But then for the packages you're looking over 20k+, which enters into the more luxurious vehicles.

Still, was surprised. :)


By Spuke on 5/23/2013 10:29:33 AM , Rating: 4
They got the price down and you guys are STILL complaining. LOL! You're NOT going to get a cheap EV that looks like an Aston Martin. They HAVE to use an existing car to keep that price point otherwise you'll be paying for a Tesla S.


By Cheesew1z69 on 5/23/2013 10:31:21 AM , Rating: 3
I'd buy one, if it really gets 84 miles to a charge, that's close to 2 days driving to and from work for me. :o


By Apone on 5/23/2013 1:03:50 PM , Rating: 2
I think the Chevy Spark EV might be a bit much considering it's aimed at the younger, post-college working professional, who is just starting their financial life. Sure $19,995 sounds like a price point but perhaps this particular demographic might prefer a $14-$17k gas vehicle that can hit (or almost hit) 40+ MPG as an alternative until they can swing a higher monthly car payment. Oh, and that $199 lease payment is a disaster waiting to happen as I encountered so many lease owners who "swore" they would keep the miles in check but went way over when I worked part time at a Nissan dealership back in college.


By Mint on 5/24/2013 2:00:42 PM , Rating: 2
quote:
perhaps this particular demographic might prefer a $14-$17k gas vehicle that can hit (or almost hit) 40+ MPG as an alternative until they can swing a higher monthly car payment.
When you add in gas costs, you're not going to be paying less per month for a $14k gas car.

A 30 MPG combined gas car will need $130 to go 1000 miles a month, while the Spark EV will need about $30. You're not going to be able to lease a $14k car for $99/month, and even if you finance it over 5 years you'll still pay less per month with the EV.
quote:
Oh, and that $199 lease payment is a disaster waiting to happen as I encountered so many lease owners who "swore" they would keep the miles in check but went way over
It's pretty hard to drive more than expected in an EV, IMO, because you're not going to take it on unexpected road trips.

Besides, $0.25/mile for overage really isn't that bad. You're paying $0.23/mile anyway if you drive exactly 12,000 miles/yr.


By Apone on 5/28/2013 2:03:17 PM , Rating: 2
quote:
A 30 MPG combined gas car will need $130 to go 1000 miles a month, while the Spark EV will need about $30. You're not going to be able to lease a $14k car for $99/month, and even if you finance it over 5 years you'll still pay less per month with the EV.


But isn't that how they get you? Sure gas would be $30 but assuming you don't lease @ $199/month, what would be the monthly car payment for $27,495? I crunched $491.49 per month (5yr loan @ 2.79% APR);

I'm not counting the $7500 federal tax credit as I'm still confused if that's an actual cash refund to you or just a $7500 credit during tax season (Even then, would it be $7500-taxes you owe = cash refund?)?

quote:
It's pretty hard to drive more than expected in an EV, IMO, because you're not going to take it on unexpected road trips.


That makes sense, but I have a few friends who own super-fuel efficient vehicles and they get adventurous planning distance drives between LA, San Diego, Vegas, etc. since the constraint of spending excessively on gas is greatly reduced with a fuel-efficient vehicle.


By JediJeb on 5/25/2013 4:55:29 PM , Rating: 2
It may be the least expensive right now but it still isn't cheap. Considering the base gas model is $12K and the EV model is $27K that is still $15K for batteries and electric motor.

Also if I remember how that tax credit works, most people who this should be targeted for would probably not get the full amount. I believe that $7500 tax credit reduced your tax liability by that much, but thinking about it I made nearly $50k this year and only had a tax liability of about $5k so if I purchased one I would not get the full $7500 back. You also can't just walk into the dealership with $20k an buy one, you have to pay the actual full price at time of purchase, that has to be taken into consideration as that is what the loan you would get is going to have to cover.


By 91TTZ on 5/23/2013 1:42:50 PM , Rating: 2
quote:
well they're tall because people still have to fit inside them, and that isn't possible with a short, low car


People seem to fit inside Neons and Minis just fine. This car isn't actually all that small. If you saw it next to an older Civic or Corolla you'd see that it's larger in almost every dimension. I think this tall, awkward look is just a fad.


By 91TTZ on 5/23/2013 3:06:22 PM , Rating: 2
quote:
well they're tall because people still have to fit inside them, and that isn't possible with a short, low car. so you sit more upright in a short car.


Here's another small car for comparison so you can see what I mean:

Mini:
Length: 143.1 inches
Height: 56.2 inches
Spark:
Length 143.3 inches
Height: 61.1 inches

So the Spark is actually a little longer than the Mini, but it is substantially taller.


By lagomorpha on 5/23/2013 3:17:25 PM , Rating: 2
quote:
i remember a designer once said that it was difficult to design a small car that didn't look awkward, but i think the toyota yaris hatch actually looks good.


It's not that the Yaris doesn't look awkward. It's that it looks a little awkward in the same way that a baby penguin looks a little awkward. It's the sort of awkwardness that is also cute.


By UsernameX on 5/23/2013 10:32:12 AM , Rating: 2
It's not a sexy car but it's passable, and this would cover my work commute completely, unlike the volt.


By Dr of crap on 5/23/2013 12:42:30 PM , Rating: 2
Yep asked this in a previous post - why do these small cars have to be tall and narrow. Remember the Civics of a few years back? They were wide and they were not so tall.

I guess with the expanding waist bands of the car buyers, no one could fit in a low to the ground, wide small car!!
But making them wider would help for better handling and lower to the ground would help in the looks of these FUGLY small cars.


By BillyBatson on 5/23/2013 3:23:32 PM , Rating: 1
I agree that the car is absolutely ugly! It looks worse than a Toyota Yaris and a Ford Fiesta.
I am going to go 1 further and say that is it also WAY over priced even with the tax credits and is an outright rip-off at the full retail price.
Are spark sales even doing well that they had to add this ridiculous option?


By Mint on 5/24/2013 2:33:41 PM , Rating: 2
quote:
I am going to go 1 further and say that is it also WAY over priced even with the tax credits
And you would be dead wrong.


This must be a joke
By ERROR666 on 5/23/2013 11:02:31 AM , Rating: 4
12k car for 30k???
I can assume that some people just want to buy a small ugly car that's not really good at anything. But buying it for more then 2x the price just doesn't make any sense at all.




RE: This must be a joke
By Harinezumi on 5/23/2013 12:16:43 PM , Rating: 3
Given that I've spent over $180 in the past month on gas for my Civic, the $199/month lease sounds pretty cost effective. I imagine there are plenty of other people with longish commutes, who don't care about how their car looks or how much it fits as long as it will get them to the office and back in a cost-effective manner.

Also, that car is 20k after the tax credit, not 30k.


RE: This must be a joke
By fleshconsumed on 5/23/2013 12:48:17 PM , Rating: 2
Except based on your gas bill you're driving at least 16200 miles a year assuming $4 a gallon and 30 mpg average. I think typical Chevy Volt lease has 12K annual mileage limit, spark will have something similar. So that $199 is not as cost effective as you think it is if you have to pay penalty for driving over the limit.


RE: This must be a joke
By Cheesew1z69 on 5/23/2013 12:54:59 PM , Rating: 2
And where is this car for "12k"? Hmm?


RE: This must be a joke
By GulWestfale on 5/23/2013 1:35:33 PM , Rating: 3
RE: This must be a joke
By Cheesew1z69 on 5/23/2013 6:03:38 PM , Rating: 1
Yep, because that's ALL electric...Show me the 12k ELECTRIC car. Obviously the point went over your head...


RE: This must be a joke
By GulWestfale on 5/23/2013 6:07:07 PM , Rating: 3
his point was that the spark is a 12k car that chevy is trying to sell for twice as much because it's an electric. i guess you didn't pay attention in special school?


RE: This must be a joke
By Cheesew1z69 on 5/23/2013 6:10:45 PM , Rating: 1
His point is wrong. The Spark is 27k, not 12k. If it was 12k, it would be 12k.

Really? You want to talk about "special school"?


RE: This must be a joke
By Mint on 5/24/2013 2:22:57 PM , Rating: 2
Yeah, for the base model. You also forgot that it's $20k after tax credit.

A comparable model is one with auto and power door locks, features that 90%+ of new cars have, including the EV. That's $14k. The gas version is also dog slow.

Here's the surprise: Whether you finance or lease, the $20k EV costs less per month than the $14k equivalent gas model.

So you get a faster, quieter, more reliable car for less money, but can't use it for long trips. For many people, that's a good deal.


RE: This must be a joke
By JediJeb on 5/25/2013 5:28:11 PM , Rating: 2
quote:
Yeah, for the base model. You also forgot that it's $20k after tax credit.


That is assuming you owe at least $7500 in taxes, as for me the tax credit this year would only have given me back maybe $5000 so it actually cost $22,500 and for someone making less money than I do it would cost even more because they would not get that much money back on a refund. Also when you finance you have to finance the full pre-tax-credit price so it is misleading to say it only cost $20k.

Even compared to the non base model gas version the EV version still costs almost twice as much up front. Another thing to consider is once the sell 60,000 of these the tax credit begins to be reduced until they hit 200,000 units to where it is completely gone. Not that they will sell that many any time soon. There is also a catch that if a dealership for some reason registers the EV to themselves for demo or other reasons it becomes ineligible for the tax credit once they sell it.

It is just a big misleading statement when everyone up front gives the price of EVs minus the $7500 tax credit.


RE: This must be a joke
By Mint on 5/26/2013 10:10:32 AM , Rating: 2
Your 60,000 figure is incorrect. That was many years ago for regular hybrids. 200k is the correct figure, and it'll take some time to hit that (though the Volt eats into that figure as well for GM).

As for financing, just make sure the loan doesn't have a penalty for extra payment, so when you get the $7500 rebate, it becomes equivalent to financing a $20k car.

If your credit doesn't allow that, or if you don't earn enough to benefit from the full tax credit, then leasing is probably a better option. The discount applies to everyone in that case.


RE: This must be a joke
By BRB29 on 5/23/2013 1:50:48 PM , Rating: 2
So you conveniently rounded down the cheap gas model then rounded up the EV model by a few thousand

It's 12.2k vs 27.5k

after tax credit
12.2k vs 20k

It's still a terrible ratio lol. But at least with the fuel savings, it wouldn't be that bad. It's obviously a city car and there's nothing better in the city than a small electric or hybrid vehicle.


RE: This must be a joke
By Mint on 5/24/2013 2:32:37 PM , Rating: 2
Most people want auto and power door locks. That makes the gas version it $14k.

Over 5+ years, the $20k EV actually works out to less (if you lease it's much less right off the bat), and is a better car. 0-60 in under 8 seconds (11+ for gas), silent, better standard features, far better resale value, etc.

There's only one reason to buy the gas version: range. If you can live with 80 miles of range, you'd be an idiot to buy the gas car.


Thoughts
By SuperFly03 on 5/24/2013 7:42:37 AM , Rating: 2
As many have noted this car does not make a whole lot of sense. I think EV has a place in the market long term but will not supplant IC cars fully.

With that said, 82 miles per charge puts this squarely in a city only vehicle with no room to grow and no deviations from your normal commute to work, largely. The majority of Americans do not live that close to work (for those that drive) which limits your marketable base. Inner city living ( San Fransico, NYC, etc) are viable but many who live there do not own cars. Once you get into suburbia you get into travel days of 50-60 miles, and to me, I wouldnt want to have to worry about range if I wanted to hit a friend up at a bar across town or pick up my GF. Thats really the dfinition of range anxiety that hangs over you with this type range.

Further, I find a Mustang more practicle than a Spark because I can get a 50" TV in there easily for cargo or 4 people but I would love to see someone fit such an object in a Spark. Based on rough math from the spec sheet, it won't go. If anyone questions the Mustang... I did it in mine when I moved from my apt to my house.

To counter another point, the tax credit can be used to reduce your loan interest. If your wages have taxes withheld consister with your IRS tables, then, assuming you dont have any taxable income that hasnt been withheld, your year end federal refund would be quite large. Take the refund and apply it to your loan balance and reduce the principal. Recompute your necessary monthly payment and rock on.

End of the day, on the low end of the market hybrids make more sense than EV at this point. On the high end, EV (read Tesla) make more sense than hybrids.

Volts (read gas engine rnge extended EV) are jacked up uses of cash at their price points. One can cross shop more practical options with lower TCO or nicer ones with the same TCO. TCO is a complex calc that most do not fully vet. They instead look at their gas bill only not the full economic cost.




RE: Thoughts
By foxalopex on 5/24/2013 11:25:32 AM , Rating: 2
TCO is NOT the only reason to own one of these cars. When I originally was trying to buy a car I actually had a choice between another corolla, a prius or a volt. I ended up with the Volt.

There is a novelty to driving an EV that is unlike any gas car. They're quiet, have a tremendous amount of low end torque and respond to the throttle instantly. They also don't flood your garage or car heating system with gas fumes when you start it in the mornings. They're very quiet even when completely floored so you can easily pass folks without a second thought. Think about it, when your car roars like a lion everyone stares at you, you're wasting a huge amount of gas and some folks will purposely get in your way out of amusement. Instead a volt will go by silently.

Brake regeneration is awesome too as I've gone down some massive hills and literally regained miles of distance. This is why it is so nice to drive with an EV.

The problem of course is not enough battery range which the Volt resolves by resorting to gas. I recently completed a 3000 mile cross Canada road trip which no pure EV could pull off. The Volt's other curious trait is that it's a great car for passing people going uphill on the highway. The gas and electric work in tandem meaning that nearly everyone else will be unable to catch your electrical boost unless they really want to strain the life out of their gas engine.

After owning the volt for 1/2 year, I've really come to like it. You can drive the car with a lead foot and unlike most regular ICE cars which tend to suffer a lot in fuel efficiency, the Volt for the most part is still fairly efficient.


RE: Thoughts
By SuperFly03 on 5/24/2013 12:40:27 PM , Rating: 2
I would only own an EV or Hybrid if it was a lower TCO relative to the comparable ICE car. If it was not then I see it as spending more and getting less relative to where these cars are targeted (lower end of the car market). Running up a 28k price tag vs a 12k pricetag and getting little for the extra cost. So, to me, the value proposition is not there. Youre paying for a novelty at that point.

Also, I will give you a heads up, I roll a GT500 with straight pipes so gas fumes and exhaust noise are not the top of my concerns.

You are correct about the low end torque but a good chuck of that delta is eaten up if you roll a twin turbo engine. So, reduce the displacement and add turbos and you net about the same performance.

As to the Volts passing ability, the combined power output is never put to the wheels. The gas motor powers the electroc motor and "recharges" it. This is different from the Prius where the gas engine takes over for the electric motor. The range anxiety is a huge problem on the low end car spectrum, no question. Nothing works just right.

When it is all said and done, if I wanted so ething efficient I would go buy a Civic for 14-15k and pocket the 25k saved over the Volt and have the same range and features at a much lower cost or some ecoboost from Ford so I get the low end torque.


RE: Thoughts
By Mint on 5/24/2013 2:43:38 PM , Rating: 2
quote:
Running up a 28k price tag vs a 12k pricetag and getting little for the extra cost.
For the consumer, it's $20k, not $28k.

"little extra" my ass:
-save $1200 per yr in fuel costs on average
-0-60 in under 8 seconds, vs 11 seconds with gas
-instant torque
-better handling from low center of gravity
-silent powertrain
-better standard features


RE: Thoughts
By SuperFly03 on 5/24/2013 3:10:41 PM , Rating: 1
You assume they use the 7500 to payback their loan, if they do not then how can say they did not spend 28k? While I do not disagree, the target market of this is not likely the most sophisticated people who will view the refund as an excuse to buy something else. But I did previously note the 20k tag, it is 28k off the lot with 7500 coming back the following April.

Who cares about 1200/yr in fuel cost? That is a 6.7 year payback period ignoring the likely, although admittedly estimated, higher insurance costs. I am not sure about R&M (eg battery pack life/replacement cost). All in all, you have to drive this thing a long ass time just to break even after Uncle Sam hands you approx 15% of the purchase price.

Silent power train is no bonus really in my book. Wind noise isusually louder than powertrains in cars. No reAl win there.

Where are the better standard features? I would bet there is nothing new in the EV that isnt in the gas car.

Torque I give you.

When you hit 28k before tt&l (I say 28k only because tax is based on 28k not 20k), you are squarely in a different segment than 12k. 20k goes up againt Accord, Fusion, Altima, etc. Alot more car than a over grown hot wheel that is more useful every day and still very fuel efficient. I would cross shop a crap load of cars at 20k but at 12k there is very very little to cross shop.


RE: Thoughts
By Mint on 5/24/2013 4:22:07 PM , Rating: 2
quote:
While I do not disagree, the target market of this is not likely the most sophisticated people who will view the refund as an excuse to buy something else.
You're really reaching, aren't you...
quote:
Who cares about 1200/yr in fuel cost?
WTF? Did you just say that?

First of all, it's $14k for the 1LT auto model, which still isn't as well equipped as the EV. The vast majority of cars sold today are autos, whether you like it or not.

Run some car loan figures for $20k and $14k:
https://www.google.com/search?q=auto+loan+calculat...

Then tell me with a straight face that $130/mo of gas doesn't matter.
quote:
That is a 6.7 year payback period
No it's not, because your comparing it against a poorly equipped car.

It's a 5 year payback, and even less if you include maintenance. EVs need no oil changes and have minimal brake wear due to regenerative braking.

Then, after the 5 years, the EV is worth more as well, because it keeps saving the owner money.


RE: Thoughts
By SuperFly03 on 5/24/2013 4:38:04 PM , Rating: 1
quote:
You're really reaching, aren't you...


Unfortunately, not really but a debatable point.

quote:
WTF? Did you just say that?


Yes, I did. When you compare the premium over the base, exclusive of the options they force you to buy, the cost of fuel is not significant.

If you compare the monthly payments you are ignoring the total cost and comparing on a monthly basis not a total out of pocket number which should be economic reality. Unfortunately, many in this segment take the short term approach.

As to your point about 5 yr return, you are again missing the big picture. If you break even after 5 yrs and save approximately 6k over the next five (assume the increase in insurance offsets oil changes which are cheap as crap) then ou will have made 6k on yournpurchase over 10 years. Then annualize that against the purchase price of 20k (I will give you net). That gives you a 3% return per year on your investment. Hate to tell you but that barely cracks the inflation barrier which makes the entire model total crap. Which is my whole point. The economics are not there, yet.

Now, that analysis assumes zero cost for a battery replacement within 10yrs which is conservative but reasonable based on the warranty.


RE: Thoughts
By Mint on 5/25/2013 6:24:41 AM , Rating: 2
quote:
If you compare the monthly payments you are ignoring the total cost
No, when you look at up front cost only YOU are ignoring total cost.

If you're a short term kind of guy, then you lease, and you save with the EV from the very beginning.
quote:
Then annualize that against the purchase price of 20k (I will give you net). That gives you a 3% return per year on your investment.

Your math sucks. The gas car isn't free, genius.

If you had $20k and decided not to get the EV, you can buy a $14k gas car and invest only $6k . Do you know how difficult it is to make $6k worth more than $100/mo after 10 years? You need over 20% ROI.

Even 10% is dreaming nowadays. $100/mo @ 10% nets you $20k in 10 years. $6k fixed @ 10% nets you only $15.6k in 10 years. The difference gets larger for more reasonable, lower rates.
quote:
assume the increase in insurance offsets oil changes which are cheap as crap

It's not just oil changes. It's all engine maintenance/repair plus brakes as well (regenerative braking takes away most break wear).

That plus the difference in resale value after 5 or 10 years will more than make up for the difference in insurance.


RE: Thoughts
By flyingpants1 on 5/26/2013 12:00:44 AM , Rating: 2
I dunno what kind of math you guys are doing, but $20k is $333 x 60 months, plus electricity which is almost negligible.
$14k is $233 x 60 months, plus gas which could be easily be over $100/mo depending.
So not only is there no "payback period", the EV may start putting extra money in your bank account every month from the very first day you drive it.

Compare 96 months and add more miles and more expensive gas, you can put like $12k in the bank with the EV version.


RE: Thoughts
By Mint on 5/26/2013 9:07:08 AM , Rating: 2
That's exactly what I've said repeatedly to these calculator inept fools.

If you lease, the EV is cheaper when including gas.

If you finance over 5 or more years, the EV is cheaper when including gas.

If you buy outright, with the gas car you save $6k but pay $100/mo extra for the life of the car. Nobody can get that rate of return on a $6k investment.


By GlobleWarmingisbunk on 5/23/2013 3:02:09 PM , Rating: 1
Most people don't understand a tax credit is not going to change the price of the car. You will still pay $27,495 for the car. What happens is, if you pay the $27,490 the government lets you pay $7500 less in taxes for that year.




By Dorkyman on 5/23/2013 5:00:00 PM , Rating: 2
Okay, so what's your point? That the price differential is delayed by six months?


By Spuke on 5/23/2013 5:33:42 PM , Rating: 2
quote:
Okay, so what's your point? That the price differential is delayed by six months?
There are a lot people that still think this is a cash rebate.


By GlobleWarmingisbunk on 5/24/2013 4:26:47 AM , Rating: 1
quote:
Okay, so what's your point? That the price differential is delayed by six months?


You are still paying interest on 27,490 and the tax credit will not lower your monthly payment.

If you think that you will get it as a refund, I have some bad news. If you owe $40,000 for that year in taxes, all the tax credit does is make you owe $32,500 in taxes. You never see the $7500 and any savings are negligible.


RE: $7500 tax credit does not mean a $19,995 car.
By BRB29 on 5/24/2013 7:41:35 AM , Rating: 2
Umm...almost everyone pays taxes before they even see their paycheck. Very few professions require you to pay taxes after you receive your paycheck.

I don't get your dumb post anyways. If you have to pay 40k in taxes and only pay 32.5k then you will see 7.5k left over in your bank account. It's real money lol. You're just spewing nonsense.


By Cheesew1z69 on 5/24/2013 7:48:37 AM , Rating: 2
quote:
Umm...almost everyone pays taxes before they even see their paycheck. Very few professions require you to pay taxes after you receive your paycheck.
What in the hell are you talking about, he isn't talking about your PAYCHECK, he is talking YEARLY tax time. DERP!


By maugrimtr on 5/24/2013 10:54:20 AM , Rating: 2
quote:
You never see the $7500 and any savings are negligible.


You mean the €7,500 I got off the tax bill? It doesn't appear negligible. You must be rolling in cash to describe it as such. May I suggest a calculator to ensure you understand reality?


By GlobleWarmingisbunk on 5/24/2013 3:32:07 PM , Rating: 2
First of all I am talking US Dollars not euros. The US Tax Code is written to shaft the people at every turn; Don't know a bout the EU's. Second I used the $40,000 as an example since it is 40% of $100,000 I know people that make a lot less and still pay 40% in taxes. The way the tax code is written the government will make it so most will never see the $7500. Trust the government to shaft you.

Also, their are people that do get their paycheck then have to pay taxes. I the US it is called 1099 income and those people know how F**** up the tax code really is.(They have to write a check to the IRS every year.) Most of those people own small businesses.

In the end all I am trying to say is don't count on a tax rebate, and the government will shaft you.



ouch
By GulWestfale on 5/23/2013 10:01:12 AM , Rating: 2
that is pricy compared to a prius when you consider it's just a re-badged korean subcompact with a battery in it. and then there are the diesel alternatives, and even frugal "regular" family cars. and when you compare it to a standard spark, you realize you won't make back the extra money you spent on the electric version anytime soon.
i don't see how this could become a big seller.




RE: ouch
By tanjali on 5/23/2013 10:16:20 AM , Rating: 2
1. Too expansive, for low budget looking car
2. Low mileage per charge, 82 miles they can do better
3. Electric cars really should be cheaper than regular cars they have much less components (minus battery).


RE: ouch
By GulWestfale on 5/23/2013 10:21:31 AM , Rating: 1
the batteries are expensive, but what bothers me about this is tat instead of developing a new car they just stuck a battery in a crappy (and it is crappy, judging by the reviews for the gas version) car and then they try to sell it for honda accord V-6 money. i'd be surprised if they moved more than a couple of hundred.


RE: ouch
By CaedenV on 5/23/2013 12:10:54 PM , Rating: 2
1) yes, a bit expensive, but see #3
2) no, actually they cannot. The issue right now with electric cars is balancing mpge with battery weight with car price and with range. Considering electric cars are mostly commuter cars, and most people have a 30 mi (one way) commute, 80-90 mi is a good commute range with an additional grocery run.
3) you are right. Minus the battery, electric cars ARE cheaper... but they do have batteries, and batteries are expensive. Thankfully battery prices have dropped like a rock over the last few years, and they will continue to do so as mass battery production continues to pick up. We are currently seeing some electric cars (like the spark and Smart ED3) at/near the same price as their gas variants after rebates, and I would expect they will hit those prices without rebates at some point over the next 5 years or so. Within 10 years I think we will see some really compelling electric cars on the market, but car tech is nothing if not slow to change. It is like SSDs on the PC market. Ya, they are cool, but it is still new tech, and we are still a ways off before mass market adoption.


Bad Price
By Flunk on 5/23/2013 11:31:55 AM , Rating: 2
quote:
That lease price puts the monthly out-of-pocket cost for the Spark on par with the Nissan Leaf and the Fiat 500e


If this is true the Spark EV is a terrible buy, it's a size category smaller than either and (at least in my opinion) the finishes in either of those cars are a lot nicer than the Spark. I'm not saying ~$20,000 is an outrageous price for an EV, just that there are much better buys out there than this particular EV.




RE: Bad Price
By SuperFly03 on 5/24/2013 7:43:14 AM , Rating: 2
Agreed.


Hello
By bigi on 5/23/2013 2:06:43 PM , Rating: 2
This needs to cost 20-22K tops w/out tax credit.

When gas gets to $7-$10 per gallon EVs will get very popular quickly.




RE: Hello
By Spuke on 5/23/2013 5:36:53 PM , Rating: 2
quote:
When gas gets to $7-$10 per gallon EVs will get very popular quickly.
I don't think they will then either. Range is still not solved. I DO think hybrids will gain in popularity though. In reality, even the fuel economy of hybrids would have to go up by quite a bit to absorb $10 gas. Wife and I have already taken steps to absorb $10 gas and didn't need EV's or even hybrids to do it either.


Oh well...
By Windogg on 5/23/2013 6:25:11 PM , Rating: 1
Those that hate EVs will always find a way put the worst spin on their point of view. No matter how low the price drops the haters will always find a way to make EVs sound like a bottomless money pit.

"$30K? I can buy a nice car for that price!"
"$20K? I can buy a decent car for that price!"
"$10K? I can buy a used car for that price!"
"$5K? I can buy a beater car for that price!"
"$2K? I can buy a nice scooter for that price!"
"$1K? I can buy a awesome bicycle for that price!"
"$100? I can buy a crappy bike for that price!"
"$0? I can just borrow mom's car for that price!"

EVs work for some people and not for others. Period. EVs work for me and the payback is about 1 year. Love only having to put 3 gallons of gas every 3 - 4 months in the Volt.




RE: Oh well...
By rountad on 5/23/2013 6:34:24 PM , Rating: 2
LOL at "$0? I can just borrow mom's car for that price!"


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