The new Chevrolet Spark electric vehicle will have a starting price of $27,495, including destination charges and excluding federal tax credits. After applying a $7,500 federal tax credit, the new Chevy Spark will have sticker price of less than $20,000, making it among the cheapest EVs available on the market. General Motors is also offering a $199 per month, 36-month lease with $999 down, thereby matching the lease offer of rival Fiat 500e.
The carmaker said they will start rolling out the Spark EV in some markets in California and Oregon by mid-June. GM said buyers in California can qualify for additional state and local tax credits and incentives of up to $2,500. The Spark EV will get the equivalent of 119 mpg in combined city and highway driving and a driving range of 82 miles. According to a GM spokeswoman, the carmaker will consider selling the Spark EV in other markets after the mid-June launch.
Chevrolet is planning to market the Spark EV as a nifty urban car for people on-the-go wanting to stay connected. The new Spark EV will feature Chevy MyLink infotainment system, loaded with several smartphone-based applications, as a standard. The vehicle’s gauge cluster will include a "confidence gauge" that displays minimum, maximum and average expected range – all of which adjust in real time based on current driving conditions.
The new Spark EV is powered by a GM-built electric motor run a 560-pound lithium ion battery pack, providing 130 hp and 400 pounds-feet of torque. The new Spark could accelerate from zero to 60 mph in under 8 seconds. The new Spark will be going up against a number of current EVs in the market, including the $29,650 Nissan Leaf, the $33,200 Fiat 500e and the $29,975 Mitsubishi i-MiEV -- all prices include destination charges.