GM Lowers Price Of Chevrolet Spark EV To $25,995, Leases From $139 Month

APR 14 2015 BY JAY COLE 67

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.

Special HOV Access Is Also Granted To The Spark EV In California And Maryland - No Soup For You In Oregon

Special HOV Access Is Also Granted To The Spark EV In California And Maryland – No Soup For You In Oregon

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.

Unlike The Chevrolet Volt, The Spark EV Can Charge Via L2 And Optional DC Fast Charging (CCS)

Unlike The Chevrolet Volt, The Spark EV Can Charge Via Both L2 And Optional DC Fast Charging (CCS)

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?”

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67 Comments on "GM Lowers Price Of Chevrolet Spark EV To $25,995, Leases From $139 Month"

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This is a good start the fact that they are lowering the prices of the low range EV’s brand new.

What’s on the horizon is EVs CHEAPER then ICE.

Kind of unexpected. So now the Spark EV nicely straddles the price divide between the iMiEV and the Leaf.

At this point, anyone who buys an i-MiEV is just throwing away their money compared to these alternatives with better performance and range.

This should put some more pressure on Mitsubishi to improve the i-miev by adding 40 miles more range or knock another $3000 off of the price of it.

Except you can’t get a Spark outside of three compliance states. :(. So, the iMiev is still the low price leader (even cheaper than the Smart) for a vehicle generally available nationwide.

Except that MiEVs are still nowhere to be found in the US…

So in most states, the only 4-seater BEV you can get right now is the pricey i3.

Good point. The Fiat 500e and Spark EV cannot be purchased in much of the country such that they have fewer options.

But even outside CARB states there is now more choice. Available almost everywhere should be LEAF, i3, i-MiEV, Volt, Ford Focus Electric, Ford Energi models, Tesla, etc.

i-MiEVs really aren’t available most places, and nor, anymore, are Focus Electrics. You’re actually more likely to find a Smart EV in flyover country than one of these two. The Energis and Volts are in decent supply, but they aren’t BEVs. We are now seeing i3s available in the middle of the country, and they are joining LEAFs and Telsas as the only universally available EVs. The LEAF is still the only one with a sub-$30k price after credits.

Check AutoTrader … you might be surprised. I see low-mileage used Spark EVs in Illinois, Ohio, and Oklahoma.

Prices are good too … for example, $16,500 for this used Spark EV with only 3200 miles.

http://www.autotrader.com/cars-for-sale/vehicledetails.xhtml?listingId=395524426

I guess you mean in any quantity and with marketing so people know about it. Because, the iMiev has been available and if you want one a dealer, even in a low EV density area like Central PA, will get one for you. Not so on the Spark, 500e, e-Golf, Soul … all of which compete in that size/price segment. The i3 is similar in size, but is a bit more expensive to be considered in that segment.

There is a 2016 iMiEV available in Gaithersburg MD:
http://www.kingautomitsubishi.com/new-inventory/index.htm?model=i-MiEV&&&&

22,035 out the door.
Regards,

Haha, with the Spark EV available in MD now, this MiEV is going to stay on the lot for a while at that price.

I bought a Spark EV in California and had it shipped to Utah, where I live. The dealer was very cooperative. I did not register the car in California nor pay California sales tax. I realize someone probably got screwed on the ZEV credit. Was it GM or California? Don’t know.

You can claim California incentives being an out of state resident? How?

I did not claim any CA incentives, but I am sure GM would like to claim their CA Zero Emission Vehicle credit for the sale of a Spark EV. I don’t know if they get credit when the car sells or when it registers in California.

From my perspective, I am only getting the federal credit and the Utah credit.

This suggests the Volt will have a price decrease too. #winning

Not bad. Obviously most of us don’t live in these states but it is nice to see Chevy improving the price like this.
I hope they reduce the Gen II Volt by a slightly greater percentage of current price!

Yeah, but if someone in Oregon can get a NEW Spark for $15k, think about what the used price will be three years from now when that person upgrades to something else. $10k? $8k? It’s all good….

Hmm.. Makes me wonder how many they are trying to sell. I guess they are no longer happy with the 100-200 per month?

Maybe LG Chem might have reduced the costs by a significant margin on the new battery packs for this car to make GM cut prices to raise sales volume.

Doesn’t the ’16 Volt use the same battery chemistry as the Spark EV? If so, that’s good news on the pricing front.

I remember GM talking about how the Spark EV was a training EV for battery types.

Actually the other way around. The original Spark EV used A123 cells and switched to LG Chem for the 2015 model year.

Bingo!

Now this really makes the i-MiEV and to a point, the ForTwo EV look a bit… I like both of them quite a lot, but this here on paper makes them look a bit pathetic.

I’ve seen a few of these around. It is a nice EV but it just isn’t as cute as the Fiat 500e. But at least the Spark EV has a DC fast-charger ability.

Damn . . . these cheaper EVs are tempting (Fiat 500e and Spark EV) . . . but I now I want a longer range EV.

That would mean a Spark EV lease in MD would be $80 a month (before taxes), factoring in the 2,300 in rebates (yes, leases are eligible too). That is stupid cheap.

Wow, $80 a month before gas savings, and $83 a month in projected gas savings. It is truly a car that pays you to drive it at this price. Unreal! 🙂

Yeah, it is pretty crazy. Some of these EV deals are basically free if you get rid of a gas guzzler. Get into a fresh new car, reduce pollution, and use zipcar or rentals to handle long distances.

I hope they choose to extend the offering to more states! Maybe it will be a moot point as the Bolt gets introduced.

I like the price decrease, and also the looks of the new spark compared to the ugly old one.

Are you referring to the 2016 Spark Bill?

Unfortunately, the Spark EV will retain the 2015 looks. Luckily it’s still not the WORST looking EV on the market, but it is in the running! 😉

The Spark EV would be my logical choice of all the short range EVs, with it’s near perfect blend of range, size, performance, reliability and price.
Too bad it’s not available in AZ. Sure, I could go to CA, buy one, and have it trucked back to Phoenix, but who’s going to service it?

“Chevrolet is committed to making EV driving more accessible, affordable and fun.”

Chevy’s idea of making EV driving “more accessible” is making it available in 3 states instead of 2? Maybe more “commitment” is needed.

That “commitment” is only applicable to where such commitment is required by state legislation.

electric-car-insider.com

+1

Since your local dealer is servicing Volts, they can probably handle a Spark EV. I will find out soon.

Although I haven’t had any service done as yet my local dealer that services Volts assured me that they could service the Spark as well. The non-local dealer I bought it from assured me that any dealer carrying the Volt could service the Spark.

David, Lindsay, thank you both!

I leased another new Leaf in December. A 36 month lease no money down $255 per month with $1875 rebate check from Texas brought net cost to a $203 per month with bonus EV charger that I sold on ebay for around $500.

I almost bought a new 2014 I-Miev for about $23,000 out the door, this would be after federal $7,500 and Texas $2,500 net price of $13,000.

The 62 mile range of the I-Miev was the deal killer along with the lack of push button start and the very simplistic dashboard. After driving the Leaf for 2 years it is hard to down in range.

I would have loved to have a chance to lease or buy a Spark EV or maybe a Soul EV. We need to get more EVs in more states.

GM would have a great line-up with a Spark EV and a Bolt and a Volt all on the same lot. People love choices and different price points.

If you can get an 82-mile BEV for $22.5K before tax credits from GM, then that bodes well for the Bolt. GM should be able to pull off a 200-mile BEV for $37.5K. That’s $15K more for about 30kWh of battery.

that’s 500$/kwh. I hope someone (tesla) significantly undercuts this.

By the time the Bolt is out (Wouldn’t it be great if it was September of 2017?) I would imagine even GM will be able to get a price per kWh for notably less than $400, and maybe as little as $300. I would guess that the Volt pack (including thermal management system) costs around $400 per kWh now, maybe a bit less.
LG Chem’s Dr. Patil stated in 2010 (late 2009?) that the Volt pack cost around $10,000 at that time ($625 per kWh) and that the price would drop. We really don’t know what the pack of any of these electric vehicles cost, but I think we can surmise that Tesla’s approach is the cheapest by the kWh, if only because they use so many more than everyone else.

I think the Bolt is to start production end of 2016, so it should be out early 2017.

I figure GM is lowering the price of the compliance car to keep sales up while people hold off for the Bolt release in less than two years (IMO).

GM is selling the Spark EV at/below cost now, so I don’t think you can make any judgments from that.

“GM is selling the Spark EV at/below cost now”

Please cite references.

The gas Spark is $12,700. The Spark EV is $22,500 (after cash on the hood). Remove the gas engine, add the EV drive train and 20kWh pack. That’s probably a $10K net difference.

electric-car-insider.com

Gas engine, exhaust system and fuel system are at least $3k according to DOE.

You really think GM is paying $13,000 for an electric motor, controller, 20kWh battery and 3kW charger?

I would be very surprised if GM is still paying $500 kWh for batteries.

No. I was making a case they can make profit at their current price.

Hmmm… interesting. Got to believe that GM is doing this strickly for business reasons…

The Spark EV is a complience car. Perhaps GM needs more CARB credits during the transition from Gen 1 Volt to Gen 2 Volt and is using the Spark EV to bring in those credits, hence the price cut?

One nit to pick with the article. The Volt can also charge at Level II albeit painfully slow but the article is correct in the lack of DCFC with the Volt

Last time I checked the Spark EV can only chage at 3.3 kW at 240V, which is the same speed as the Volt. It really could use a bump to 6.6 kW charging at 240V to bring it on par with the LEAF, Focus EV, Fiat 500e, etc. 3.3 kW is fine for overnight charging, but the 6.6 kW bump makes a huge difference for on the go charging.

Fully agree on the benefits of 6.6kW charging. I have a 500e and I wish it came with DC charging but realistically, for the next few years, 6.6kW is much more useful than DC charging.

Well hopefully GM will offer a 6.6 kw charger at least as an option on the new 200 mile BOLT.

Most of their competitors seem to be offering 6.6 kw on the more modern products. So hopefully GM won’t have to play catch up here. It would allow a full charge starting from dead in only one overnight period.

I wish we could get that deal in Canada!

CCS only. Deal breaker in Oregon which has an insane CHAdeMO infrastructure.

They should see if they can convert some of those Chademo units to combo Chademo/CCS units.

Any site that can handle CHAdeMO can take CCS- at the equivalent power level, of course. Might even be drop-in replacements.

+1

Also, should have a CHAdeMO -> CCS adaptor.

I’ll bet the Tesla adapter would be a good foundation for such a thing.

Yes, long ago I had inquired with Blink about this. They had planned to retrofit their fast chargers with a CCS port once the cars started becoming available, so you’d have both Chademo and CCS available.

I assume Chargepoint will be compelled to do the same thing with the units they inherited from Blink.

I agree with the charging question. I was one of the first to lease a Spark EV when they first came out. I love it, but I can’t figure why they went with 3.3 charging. Both takes twice as long and costs twice as much as a result when charging at my office chargers, which like most, charge by the hour. Since I have a 75 mile each way commute, it pretty well needs a full charge by the time I get here.

“I can’t figure why they went with 3.3 charging”

Because that allowed them to use the same charger that they use in the Volt.

Yeah, but now GM is offering something slightly different with the new volt. Of course, if they are married to these 3.3 or 3.6 kw things, maybe they could do what Tesla does and offer 2 of them as an optional extra or as a ‘trim upgrade’. especially on the upcoming BOLT.

Charging a 200 mile range vehicle in s single overnight period would require either 6.6 or 7.2 kw of charger capability. Its certainly not too much to ask as an optional extra.

Oh I’m sure they’ll bump it up for the 200 mile car. The Spark EV is clearly just a bit of a compliance car thrown together for CARB credits and using some Volt parts. But they did a pretty damn good job.

I still firmly believe GM is making a mistake in not offering 6.6kW charging on the Volt, at least as an option.

They’ve interpreted the statistics incorrectly, to justify their conclusion. It’s silly. I plan to write an article about it, and get flamed in the comments. 😉

have no desire to own/ lease a spark ev

am 6ft 4 inch tall 290 lbs

sat in one might as well be in a coffin
its so confining

my coda which i had shipped new is huge

also new 17,900 minus 7500 fed tax credit

makes it all worthwhile

10,000 miles still going strong.

cant believe it listed for 38,000

These lease terms do not exist. The vehicle with these options is no longer available. I took a half day off work and sat in the Chevy dealership in San Luis Obispo for over an hour. The (really great) salesman came back and said they could not find one of these vehicles anywhere. False advertising?! He did say I could pay more for one with a different option. What option was different? The 240v charger vs the 120v. So frustrated!