Chevrolet Spark EV Priced Below $25k After $7,500 Federal Tax Credit
November 27, 2012 2:25 PM
comment(s) - last by
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.
This article is over a month old, voting and posting comments is disabled
RE: These Tax Credits Are Rediculous
11/28/2012 4:46:23 PM
I'm not being a troll. Fox News did run the story about this latest report, and in the past they pushed this nonsense more than any other new outlet. That's why Lutz targetted them specifically in his blog.
All that effort is not just for a low margin product. It is for an entire line of products beginning with the Volt. The Ampera in Europe is going to be huge with fleets, because corporations have to pay their employee's gas bills which are twice as large as here (I'm quite shocked that nobody in Europe developed a PHEV before GM, but they're now a step ahead). The Cadillac ELR will have a fat margin. GM plans to use the Voltec powertrain for millions of cars.
"negligibly positive margins" doesn't make it a loss leader. If you include R&D when calling it loss leading, then every car is loss leading.
Did you even look at that data? It's accelerating at at pace that'll take far less than a lifetime to become significant. They're not going to hit Obama's overly optimistic goal of 1M in 2015, but they're taking off.
Every technology has to start somewhere. To write this off as irrelevant is extremely myopic.
"Intel is investing heavily (think gazillions of dollars and bazillions of engineering man hours) in resources to create an Intel host controllers spec in order to speed time to market of the USB 3.0 technology." -- Intel blogger Nick Knupffer
2014 Spark EV Capable of 0-60 MPH Under 8 Seconds
November 19, 2012, 5:37 PM
Nissan to Release 2013 Leaf EV with Longer Range
August 17, 2012, 8:22 AM
Ford Focus Electric Customers in Cash-strapped CA Get Extra $2,500 Tax Incentive
March 12, 2012, 5:29 PM
Chevrolet Announces Spark EV for 2013
October 12, 2011, 12:55 PM
Ford Focus Electric Announced at CES, Will Launch in Late 2011
January 7, 2011, 4:12 PM
Ford, Toyota, and Universal Pictures Celebrate "Back to the Future Day' in Style
October 21, 2015, 4:19 PM
Consumer Reports Flexes Muscle, Hits Slumping Tesla Motors Stock
October 20, 2015, 4:13 PM
Debunked: Beneath the Lies, Nigerian "Pee Generator" Is Still Pissing Into the Wind
October 19, 2015, 7:53 PM
Hot Air? President Obama, G7 Pledge to Eliminate Most Fossil Fuel Use by 2100
June 8, 2015, 5:40 PM
Study Predicts Self-Driving Vehicles Could Rake in Billions
March 6, 2015, 8:34 AM
Dual-Motor Tesla Model S P85D's "Insane Mode" Shocks Passengers
January 28, 2015, 11:18 PM
Most Popular Articles
Free Windows 10 offer ends July 29th, 2016: 10 Reasons to Upgrade Immediately
July 22, 2016, 9:19 PM
Smart Security Cameras: 5 Good Choices For Any Budget
July 25, 2016, 7:13 PM
2017 Porsche Panamera: I’ll Take Three of These.
July 24, 2016, 6:44 PM
Top 5 Smart Watches
July 21, 2016, 11:48 PM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information