Detroit, Michigan – Chevrolet has dropped the prices of its Spark EV, bringing prices down as low as $18,500 after federal electric vehicle (EV) tax credits for some customers ($26,000 starting price minus the $7,500 credit) – undercutting the prices of most battery-powered cars on the market. Base model prices dropped $700 for the 2015 model.
“Chevrolet is committed to making EV driving more accessible, affordable and fun,” says Steve Majoros, director of Chevrolet Car and Crossover Marketing. “The Spark EV is already the most efficient – and one of the most affordable – EVs you can buy.”
California and Maryland Spark EV owners may also qualify for a $2,500 California state rebate or $2,300 Maryland excise tax exemption. After full federal and state tax credits and Chevrolet bonus cash, the Spark EV could be as low as $14,995.
Spark EV owners in California and Maryland 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 $83 per month in fuel costs according to EPA assessments based on 24mpg highway for an average vehicle and 12 cents per kWh of electricity cost. Currently available at select Chevrolet dealers throughout California and Oregon, select Chevrolet dealers in Maryland will have Spark EV’s available beginning in mid-2015.
More than 90% of Spark EV owners are trading in a non-GM nameplate or adding a new car to the household.
“The Chevrolet Spark EV is helping us reach new buyers in critical markets like Los Angeles,” says Majoros. “Spark EV owners recognize the car as an opportunity to drive an all-electric vehicle that fits their budget and lifestyle.”
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 miles per gallon equivalents (mpge).
Source: General Motors