Starting price of new Spark EV set at under $20,000 after tax credits

Article by Anita Panait, on May 24, 2013

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.

Press Release

Chevrolet Spark EV Lease as Low as $199 per Month

Chevrolet announced today a low mileage lease on the new 2014 Spark EV 1LT for as low as $199 per month* for 36 months, with $999 due at lease signing including security deposit (tax, title, license dealer fees extra), making the vehicle one of the most affordable EVs on the market.

Spark EV’s Manufacturer’s Suggested Retail Price starts at $27,495 – as low as $19,995 net of the full federal tax credit which ranges from $0 to $7,500 – and includes $810 destination freight charge.

Depending on their tax situation, California Spark EV owners may also qualify for other state and local tax credits and incentives ranging from $0 to $2,500, potentially reducing the price to $17,495. Spark EV owners in California are also eligible for High-Occupancy Vehicle, or carpool lane, access.

Compared to the average new gas-powered vehicle, the Spark EV can save drivers, on average, about $150 per month in fuel costs based on EPA assessments.**

The Spark EV will be available at select Chevrolet dealers throughout California and Oregon beginning mid-June 2013.

“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 features a combined city/highway EPA estimated range of 82 miles when fully charged and an EPA-estimated combined city/highway 119 MPGe fuel economy equivalent. The vehicle’s 21 kWh lithium-ion battery pack will continue Chevrolet’s tradition of offering outstanding limited warranty protection – eight years or 100,000 miles, whichever comes first.

Spark EV will be the first vehicle on the market to offer as an available option compatibility with the recently approved SAE combo charger for DC Fast Charging. The capability, available shortly after launch, will enable the Spark EV to recharge up to 80 percent of its capacity in approximately 20 minutes at select DC Fast Charging stations when they become available. Unlike most competitors, the Spark EV’s battery system is capable of handling multiple compatible DC Fast Charges daily. Charging can also be completed in less than seven hours using a dedicated 240V charge. A 120V charge cord set comes standard. Charging can be managed and monitored remotely using the Spark EV’s smart phone application, provided by OnStar, which is standard for three years.

Connectivity to Enhance Efficiency

The 2014 Chevrolet Spark EV will offer several forms of in-vehicle connectivity, including the MyLink infotainment system that includes a seven-inch touch screen and integration with third-party apps and features such as Siri Eyes Free, Pandora and BringGo navigation. These features require the user to purchase third party apps separately on a compatible smart phone. See Chevrolet.com/MyLink for more details. The Spark EV RemoteLink application is designed to enhance the overall ownership experience with fingertip interaction and control. The application, which requires compatible smart phone and active OnStar subscription:

  • displays charge status – plugged in or not, and voltage
  • provides flexibility to “Charge Now” or schedule charge timing
  • displays percentage of battery charge level and total range
  • allows manual setting of grid-friendly charge mode for off-peak times when electricity rates are lowest
  • sends text or email for charge reminders, charge interruptions and full-charge notification
  • displays miles and odometer readings
  • remotely starts the vehicle to pre-condition interior temperature
  • Because the Spark EV operates only on electricity, drivers will need to know if they can reach their destination on a single charge. The Spark EV Waypoint tab, which is integrated into the RemoteLink app, can quickly plot a waypoint route with recommended charging stations if the route is beyond the vehicle’s remaining range.

The Spark EV comes with three years of OnStar Directions and Connections service, which includes Automatic Crash Response, stolen vehicle assistance and connected navigation.

Chevrolet will also provide customer assistance via a Spark EV advisor. Dealers will provide on-site dedicated Spark EV service and sales experts. To be among the first to purchase a Spark EV, customers can visit their nearest participating Chevrolet Spark EV dealer. A Spark EV dealer locator is available on www.chevy.com/sparkev.

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