Chevrolet Prices Spark EV at $27,495 Before $7,500 Tax Credit
May 23, 2013 9:08 AM
comment(s) - last by
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.
This article is over a month old, voting and posting comments is disabled
5/26/2013 12:00:44 AM
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.
5/26/2013 9:07:08 AM
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.
"Young lady, in this house we obey the laws of thermodynamics!" -- Homer Simpson
Chevrolet Spark EV Gets an EPA Estimated Driving Range of 82 Miles
April 25, 2013, 10:34 AM
Fiat Unveils 2013 500e Electric Vehicle with Italian Style
November 29, 2012, 9:04 AM
Nissan CEO Admits Company Won't Hit Leaf Sales Mark of 20,000 for 2012
November 16, 2012, 9:26 PM
Quick Note: GM Teases Next Generation Chevrolet Volt
November 20, 2014, 3:26 PM
Audi is Latest to Step Into the Hydrogen Game, Delivers A7 Sportback h-tron quattro
November 19, 2014, 1:41 PM
Toyota’s Mirai Hydrogen Fuel Cell Vehicle Priced from $57,500 in the U.S.
November 18, 2014, 10:23 AM
Honda Still Pushing Hydrogen, Introduces FCV Fuel Cell Concept
November 17, 2014, 8:27 AM
Ford Enlists Wind Energy Corp. to Provide Wind, Solar Energy to Four U.S. Dealerships
November 10, 2014, 10:58 AM
AutoNation CEO Calls Slams Michigan’s “Anti-Tesla Bill”, Chides Elon Musk
November 7, 2014, 6:52 PM
Most Popular Articles
Wal-Mart: Miss Thanksgiving, Get Xbox One + Master Chief Collection for $299
November 17, 2014, 9:40 PM
Nokia Lumia 635 LTE Windows Phone is Only $40 at Best Buy on Black Friday
November 18, 2014, 11:59 AM
Sweden Mulls Labelling "Sexist" Video Games in the Wake of Gamergate
November 17, 2014, 2:00 PM
It's Official: Twitter is Profitable "Junk"
November 16, 2014, 10:45 PM
Austrian Pilots Call Surface 3 Pro Flight Bag a "Dream Come True"
November 14, 2014, 2:00 PM
Latest Blog Posts
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
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information