General Motors will begin selling its new Chevrolet Spark EV at select dealers in California and Oregon next month for a base price of $27,495 including destination charges.
Since the little battery-electric vehicle will qualify for a federal tax credit of $7,500, that will bring its effective price to $19,995 – and possible even lower thanks to various state and local tax credits. The maker also plans to offer a three-year, $199 a month lease after a downpayment of $999.
That will position the Chevy Spark EV as one of the lowest-priced battery cars on the market, a move Chevy hopes will increase the appeal of the vehicle in a market still skeptical of electric propulsion. Based on EPA forecasts, the maker claims motorists could save as much as $150 a month on gasoline.