Chevrolet has decided to hack $690 off the nose of the 2015 Spark EV 1LT, which drops the MSRP from $26,685 down to a newly minted $25,995.
The company is also quick to mention that you could be eligible to save up to an additional $7,500 in federal tax credits, but keep in mind that the extent of the credits depends on your tax bracket.
Buyers can even take advantage of state tax credits, too. Californians can save up to $2,500 in state rebates, while Marylanders can keep up to $2,300 in their pockets thanks to the state’s excise tax exemption.
Chevrolet is even offering bonus cash on top of the federal and state tax credits: $1,000 in California, $1,200 in Maryland, and a whopping $3,500 in Oregon.
Combine both government tax credits with Chevy’s bonus cash and you could end up in a Spark EV for as little as $14,995. In other words, you could (potentially) get into a Spark EV for just $2,725 more than a regular, gas-powered Spark.
“Chevrolet is committed to making EV driving more accessible, affordable and fun” said 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. 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.”
The company is also offering a $139 per month sign-and-drive lease for 39 months with $0 due at lease signing including security deposit, but excluding tax and all the other goodies.
Anyway you cut it the new price drop means the Spark EV is currently one of the cheapest all-electric vehicles you can get. One of the most fun, too.