Chevrolet Spark EV Priced Below $25k After $7,500 Federal Tax Credit
November 27, 2012 2:25 PM
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Spark EV will come with an 8-year/100,000 mile battery warranty
We've talked about
Chevrolet's Spark EV for quite some time
. Over the past year, numerous details have been revealed about the vehicle. Most recently, it was revealed that the vehicle's 130hp/400 lb-ft torque electric motor was good enough to
propel it to 60 mph in less than eight seconds
Today, we've learned that General Motors has priced the vehicle at "under $25,000" when tax credits are taken into account. In other words, we're expecting that the vehicle will actually priced at $32,495 before the $7,500 federal tax credit is applied.
For comparison, the
Ford Focus Electric
are priced at $35,200 and $39,995 respectively before the $7,500 federal tax credit kicks in. Depending on where you live, the Spark EV might also quality for
state tax credits/rebates
that would knock the price down even further.
According to GM, the Spark EV features a 560-pound lithium-ion battery pack that is warrantied for 8-years/100,000 miles. This should be enough to give peace of mind to customers who plan on keeping the vehicle for more than the typical 5-year loan period.
The Spark EV will also be the first vehicle that features SAE Combo DC Fast Charging capabilities. This allows the Spark EV to reach 80 percent of its charge within 20 minutes. Getting recharging times down to reasonable levels is a critical in the adoption of electric vehicles in the U.S. and this is a much needed step in that direction.
“The Spark EV battery has undergone more than 200,000 hours of testing in our global battery systems labs,” said Pamela Fletcher, Chevrolet executive chief engineer of electrified vehicles. “It is extremely durable and has undergone the same abuse tolerance testing as the Volt battery.”
GM still hasn't provided us details on how far the Spark EV will travel on a charge, but we expect to learn more details closer to its Summer 2013 launch.
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Yes sir, push those impractical vehicles
11/27/2012 5:56:05 PM
Ya gotta love the balls of the criminals in DC. They have no problem pissing away billions of tax payer dollars on pet projects that are impractical, unsustainable and often irrational.
Anyone who works and pays income taxes will be paying more to support these pipe-dreams even if you never buy one because you are subsidizing those who do buy these absurd forms of transportation.
Apparently it has not occured to anyone that there are no charging stations for these vehicles. Your tax dollars will pay for those also, to the tune of hundreds of millions of dollars. Then in 10 years all of this "tech" will be trash and thrown out and we'll start all over with more wasteful spending.
Until the criminals in DC are removed from office, this country is only going to continue to descend into Hell.
“Then they pop up and say ‘Hello, surprise! Give us your money or we will shut you down!' Screw them. Seriously, screw them. You can quote me on that.” -- Newegg Chief Legal Officer Lee Cheng referencing patent trolls
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