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Chevrolet Spark EV to lease for as low as $199 per month; MSRP $27,945 pre-incentives

23 May 2013

2014-Chevrolet-SparkEV-021
Spark EV. Click to enlarge.

Chevrolet announced a low-mileage lease on the new 2014 Spark EV 1LT (earlier post) 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), making the vehicle one of the most affordable EVs on the market.

Payments are for a 2014 Chevrolet Spark EV with an MSRP of $27,495, with 36 monthly payments totaling $7,159.68. An option is available to purchase at lease end for an amount to be determined at lease signing. A mileage charge of $.25/mile is applied after 12,000 miles. With the full Federal tax credit, the net price of the Spark EV could be as low as $19,995, including $810 destination freight charge.

Depending on their tax situation, California Spark EV owners may also qualify for other state and local tax credits and incentives ranging from $0 to $2,500, potentially reducing the price to $17,495. Spark EV owners in California are also eligible for High-Occupancy Vehicle, or carpool lane, access.

Compared to the average new gas-powered vehicle, the Spark EV can save drivers, on average, about $150 per month in fuel costs based on EPA assessments.

The Spark EV will be available at select Chevrolet dealers throughout California and Oregon beginning mid-June 2013.

The Spark EV features a combined city/highway EPA estimated range of 82 miles (132 km) when fully charged and an EPA-estimated combined city/highway 119 MPGe fuel economy equivalent. The vehicle’s 21 kWh lithium-ion battery pack carries a limited warranty of eight years or 100,000 miles, whichever comes first.

Spark EV will also be the first vehicle on the market to offer as an available option compatibility with the recently approved SAE combo charger for DC Fast Charging. The capability, available shortly after launch, will enable the Spark EV to recharge up to 80% of its capacity in approximately 20 minutes at select DC Fast Charging stations when they become available.

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 2014 Chevrolet Spark EV will offer several forms of in-vehicle connectivity, including the MyLink infotainment system that includes a seven-inch touch screen and integration with third-party apps and features such as Siri Eyes Free, Pandora and BringGo navigation. These features require the user to purchase third party apps separately on a compatible smart phone.

The Spark EV RemoteLink application is designed to enhance the overall ownership experience with fingertip interaction and control. The application, which requires compatible smart phone and active OnStar subscription:

  • displays charge status – plugged in or not, and voltage;
  • provides flexibility to “Charge Now” or schedule charge timing;
  • displays percentage of battery charge level and total range;
  • allows manual setting of grid-friendly charge mode for off-peak times when electricity rates are lowest;
  • sends text or email for charge reminders, charge interruptions and full-charge notification;
  • displays miles and odometer readings; and
  • remotely starts the vehicle to pre-condition interior temperature.

Because the Spark EV operates only on electricity, drivers will need to know if they can reach their destination on a single charge. The Spark EV Waypoint tab, which is integrated into the RemoteLink app, can quickly plot a waypoint route with recommended charging stations if the route is beyond the vehicle’s remaining range.

The Spark EV comes with three years of OnStar Directions and Connections service, which includes Automatic Crash Response, stolen vehicle assistance and connected navigation.

May 23, 2013 in Electric (Battery) | Permalink | Comments (19) | TrackBack (0)

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Comments

Range anxiety? There's an "app" for that.

The saving for gasoline could be more than $200/month in our area, where gas price is around $5.10+/gal most of the time.

We get $8000 tax credits for EVs with more than 16 kWh batteries + 50% with a ceiling of $2000 for a domestic charging station.

This could become one of the lower cost city car on the market place? Let's hope that it will be one of many more to come?

Look at it like leaving the garage with 1/8th tank of gasoline every morning, your options are limited. Now imagine that there are NO gasoline stations. You can see the situation.

Nice price point. Impressive 0-60 times, too bad there are next to no DC fast chargers out there. Not sure how active the pack management system is, but it has to be better than the Leaf has.
Too bad it is a compliance car for just the ZEV states. Hopefully, if it is selling/leasing well, GM will enlarge the area that they are selling it in.

"Now imagine that there are NO gasoline stations."

Should we also imagine that the 5,678 US public charging don't exist?

"Look at it like leaving the garage with 1/8th tank of gasoline every morning.."

80 miles is more like 1/4th gas tank, maybe 1/3rd with 10 mpg trucks.

"Now imagine that there are NO gasoline stations."

Should we also imagine that there are not millions of electric outlets as well.

Pack a 50 lb. Honda generator if it relieves personal anxiety.

The price isn't bad...if they could get the range up to about 160 miles on a full charge, I would actually consider this.

@Matthew, if 'the world record energy density of 400Wh/kg in Li-ion rechargeable batteries Envia batteries' from 15 months ago were used - 300 mile range would be possible.

Buyer perceptions trump all comments. If people feel anxious about range and available chargers, their mind set wins...period.

Perceptions are changing. Better driving experience combined with incredibly low running costs (typically 1/5th that of gas) are starting to filter through.

You can feel the potential building, these are exciting times.

Yes Alan...perceptions are progressively changing and Asian EVs @ $199/month will accelerate those changes.

All it takes to change most people's perceptions is one person they know to buy one.

Perceive the EV is just a Prius without a gas cap.

I am pointing out possible market barriers to a rapid acceptance. True believers always feel that people should see the world the way they see it.

If it were just a matter of people telling others, the word should have gotten out over the past 2 years and 10,000 units how great it all is. That may not be the case.

"an save drivers, on average, about $150 per month in fuel costs"

I wonder if I could get a tax credit for saving gas by driving less?

"Depending on their tax situation ..."

I just do not understand why I need to help rich buy a car.

"eligible for High-Occupancy Vehicle, or carpool lane"

Carpools save gas and reduce congestion and it does not require me to pay higher taxes.

"I just do not understand why I need to help rich buy a car."

With a century of ~$4 billion/yr oil subsidies, we have helped the rich buy thousands more Rolls than Leafs.

The pricing is very reasonable. Unhappily this may turn out to be the ugliest car ever sold by Chevrolet. Hideous.

"Asian EVs @ $199/month will accelerate those changes."

The Spark chassis is made by GM Korea but the Batteries, Electric Motors and Drives are made in the US, It is being offered initially in California and Oregon but then be rolled out in other sections of the US, Canada, Europe and South Korea. If there is sufficient market acceptance, GM will probably branch out and electrify other vehicles. There is a Cadillac version of the Volt coming out in 2014. The Cadillac ELR is a 2 door coupe with different sheet metal but the with the basic Volt power train.

"The Spark EV can save drivers, on average, about $150 per month in fuel costs based on EPA assessments"

That's quite a feat, considering that the EPA estimates that the gasoline Spark costs $133/month to fuel ($1600/year). Does the tooth fairy leave a twenty under your pillow every month? Is electricity "on average" free in the US? Are there a lot of customers wavering between a Silverado and a Spark?

Perhaps the simple answer is that GM's marketing department assumes that we are all idiots. They could have printed some realistic numbers, but why bother if their customers don't understand elementary arithmetic?

This matters because it gives every electric car a bad name. People will figure out that they aren't saving $150/month, and they will blame the technology, rather than blame GM's marketing.

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