GM Lowers Price Of Chevrolet Spark EV To $25,995, Leases From $139 Month
Last month General Motors announced the continuation of the Chevrolet Spark EV for another model year, today they announced that it will also be getting $1,650 cheaper.
The new pricing moves the base LT model from $27,645 to $25,995.
“Chevrolet is committed to making EV driving more accessible, affordable and fun. The Spark EV is already the most efficient – and one of the most affordable – EVs you can buy. 2015 Spark EV customers will benefit from an impressive blend of technology, capability and low cost of ownership, now at an even more impressive price.” – Steve Majoros, director of Chevrolet Car and Crossover Marketing.
The 82 mile, all-electric Chevrolet Spark EV will also shortly be available in three US states – California, Oregon, and starting mid-year – Maryland.
Additionally, by utilizing the applicable federal and state incentives (along with some cash on the table by GM), Chevrolet is offering the Spark EV from $139 per month (39 mths) with nothing down on a low mileage lease through at least the end of the month.
Looking to buy a Spark EV outright? Provided you have the ability to claim the federal and state incentives, GM is also putting some bonus cash on the table right now (up to $3,500) to bring the effective cost down to $14,995 in all 3 states.
Witness the fine print:
California and Maryland Spark EV owners may also qualify for a $2,500 California state rebate or $2,300 Maryland excise tax exemption. Additional Chevrolet bonus cash is also available: $1,000 in California, $1,200 in Maryland, and $3,500 in Oregon. After full federal and state tax credits and Chevrolet bonus cash, the Spark EV could be as low as $14,995.
Using the Fueleconomy.gov site as reference, GM says that 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 24 mpg highway for an average vehicle and 12 cents per kWh of electricity cost.”
Effectively making the carrying cost about $56 compared to that “average” car you drive now.
The only other question to be asked now is “did Chevrolet lower the price to sell more Spark EVs, or to bring the starting price-point more in line with the anticipated lower MSRP of the 2016 Chevrolet Volt to be released later this month?”