Chevrolet Prices Spark EV at $27,495 Before $7,500 Tax Credit
May 23, 2013 9:08 AM
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Chevrolet Spark pricing gets official
Chevrolet has offered up the official pricing on its
-- 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
. 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.
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RE: This must be a joke
5/23/2013 12:16:43 PM
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
5/23/2013 12:48:17 PM
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.
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