Chevrolet today announced that the new 2014 Spark EV 1LT is available for low mileage lease (12,000 miles/19,300 km) for as low as $199 per month for 36 months, with $999 due at lease signing including security deposit (tax, title, license dealer fees extra). The offer makes the Spark one of the most affordable EVs currently on the market, though, it’s one of the smallest in size as well.
The Spark EV’s Manufacturer’s Suggested Retail Price (MSRP) starts at $19,995 (€15,580) after deducting the full federal tax credit of $7,500 (€5,840) and includes $810 destination freight charge.
Spark EV owners in California may also qualify for other state and local tax credits and incentives ranging from $0 to $2,500, which means the price could go down to $17,495 (€13,630). California residents are also eligible for High-Occupancy Vehicle, or carpool lane, access.
GM says that the Spark EV can save drivers, on average, about $150 per month in fuel costs based on EPA assessments, compared to an equivalent new gas-powered vehicle.
The Spark EV has a combined city/highway EPA estimated range of 82 miles (132 km) when fully charged and an EPA-estimated combined city/highway 119 MPGe (1.98 l/100 km) fuel economy equivalent. Chevrolet offers eight years or 100,000 miles of warranty for the 21 kWh lithium-ion battery pack.
When equipped with the SAE combo charger for DC Fast Charging, the Spark EV can recharge the battery up to 80 percent of its capacity in approximately 20 minutes at DC Fast Charging stations. However, a full charge on a dedicated 240V charger takes about 7 hours.
The Spark EV will be available at select Chevrolet dealers throughout California and Oregon beginning mid-June 2013.
By Dan Mihalascu