GM announced today Chevrolet Spark EV 1LT’s new manufacturer’s suggested retail price would start at $25,995. Depending on an individual’s tax situation, the Spark EV is eligible for federal tax credit up to $7,500.
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. Individuals should consult a tax professional prior to claiming any credits to confirm eligibility for tax benefits.
Spark EV owners in California and Maryland are also eligible for High-Occupancy Vehicle, or carpool lane, access
A $139 per month sign-and-drive lease for 39 months with $0 due at lease signing including security deposit but excluding tax, title, license and dealer fees, is also available, making the Chevrolet Spark EV one of the most affordable EVs on the market.
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.
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 percent of Spark EV owners are trading in a non-GM nameplate or adding a new car to the household.
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 MPGe fuel economy equivalent.
The Spark EV is compatible with the SAE combo charger for DC Fast Charging as an available option. The capability enables the Spark EV to recharge up to 80 percent of its capacity in approximately 20 minutes at select DC Fast Charging stations based on charging levels and outside temperature.
Unlike most competitors, the Spark EV’s battery system is capable of handling multiple compatible DC Fast Charges daily. Charging can also be completed in less than seven hours using a dedicated 240V charge. A 120V charge cord set comes standard. Charging can be managed and monitored remotely using the Spark EV’s smart phone application, provided by OnStar, which is standard for three years. The vehicle’s 19 kWh lithium-ion battery pack offers limited warranty protection of eight years or 100,000 miles, whichever comes first.