Chevrolet has just announced that the 2014 Chevy Spark EV will carry an MSRP of $27,495, or as low as $19,995 after the full federal tax credit that ranges from $0 to $7,500, including an $810 destination freight charge.
Spark EV buyers in California may also be eligible for other state and local tax credits and incentives that range from $0 to $2,500. In particular, the $2,500 tax incentive reduces the price even further to $17,495. Those lucky California owners are also eligible for High-Occupancy Vehicle access.
Spark EV Lease
Chevy also announced a $199 per month, 36-month low mileage lease on the Spark EV 1LT with $999 due at signing, which includes security deposit (tax, title, license dealer fees extra).
Capability, Economy, Savings
The Spark EV is scheduled to arrive at select Chevrolet dealers in California and Oregon beginning in the middle of June 2013. The car features an EPA estimated electric range of 82 miles when fully charged, and an EPA-estimated combined city/highway 119 MPGe fuel economy equivalent.
According to EPA assessments provided by Chevrolet, the Spark EV can save drivers about $150 a month compared to the average new gas-powered vehicle. Those estimates are based on 23 MPG highway for an average vehicle, and $0.12 per kW-hrs electricity cost.
The Spark EV’s 21 kWh lithium-ion battery pack carries a limited warranty protection of eight years or 100,000 miles, whichever comes first. The vehicle will be the first on the market to offer the recently approved SAE combo charger for DC Fast Charging. Scheduled to be available shortly after launch, the SAE combo charger will enable Spark EV owners to recharge up to 80 percent of the car’s capacity in roughly 20 minutes at certain DC Fast Charging stations when they become available. And unlike competitors’ offerings, the Spark EV’s battery system is capable of handling multiple compatible DC Fast Charges daily. The Spark EV will also be capable of being charged in less than seven hours using a dedicated 240V charge; a 120V charge cord comes standard.
Spark EV owners will be able to manage and monitor charging remotely using the OnStar RemoteLink smart phone application, which is provided standard for three years.