2015 Chevrolet Spark EV Gets Sticker Price Reduction, Low-Cost Lease Deal

When General Motors unveiled the latest incarnation of the Chevrolet Spark global minicar at the 2015 New York Auto Show at the start of April, it showed off a car which it said was more refined than its predecessor, offering greater efficiency, safety and connectivity over the outgoing model.

But while the all-new Chevy Spark may have some advantages over the outgoing 2015 model year car, the next-generation minicar won’t be available as an electric car. That’s because next year GM plans to launch the 2017 Chevrolet Bolt — a 200-mile all-electric car based on GM’s Global Gamma platform — negating the need for the limited-range Spark EV.

The Chevrolet Spark EV just got a price cut.

The Chevrolet Spark EV just got a price cut of $1,650.

Until then, GM will continue to produce and sell the outgoing Spark EV alongside the new 2016 Spark to fill the gap in its electric vehicle portfolio and satisfy zero emission mandates in states like California, Oregon and Maryland.

What’s more, it will do so with a reduced sticker price and some incredibly competitive lease deals to boot.

Announced yesterday, the entry-level 2015 Spark EV 1LT is now available from $25,995, a $1,650 price cut on its previous MSRP. In addition to the price drop, Chevrolet’s chief global marketing officer Tim Mahoney, explained during a luncheon speech at the Washington Automotive Press Association that Chevrolet would be offering additional cash-incentives to buyers in each of the three states where the limited-production compliance car is sold.

After various state, Federal and cash-on hood incentives have been accounted for, the Chevy Spark EV is now available for just under $15,000.

After various state, Federal and cash-on hood incentives have been accounted for, the Chevy Spark EV is now available for just under $15,000.

In California, where the car is already eligible for a $2,500 purchase rebate and a $7,500 Federal tax credit, Chevrolet will stump up an additional $1000 to sweeten the deal.

In Maryland, where the Spark EV can use the High-Occupancy Vehicle lanes with single occupancy and is eligible for $2,300 in Maryland excise tax exemption alongside the Federal tax credit, an additional $1,200 of cash incentives will be offered, while Oregon customers will be offered an impressive $3,500 in cash-on-the-hood deals to buy a Spark EV.

Combined, that brings the effective price after all incentives in any of the three states to just under $15,000.

For those who prefer to lease rather than buy their cars, Mahoney said GM would offer a $139 per month ‘sign-and-drive’ lease deal for 39 months with nothing due at signing,  excluding tax, title license and dealer fees. The offer, only good until the end of April, contains the usual small print, outlining mileage overage charges of 25 cents per mile over 10,000 miles and that the lessee pays for any excess wear to the vehicle.

CCS charging comes as standard.

CCS Charging is available as an optional extra.

With an EPA-approved range of 82 miles per charge of its 19 kilowatt-hour lithium-ion battery pack, the Chevrolet Spark EV is the second-most efficient car on sale today, managing a combined fuel efficiency of 119 MPGe at 28 kilowatt-hours per 100 miles. This places it second only to the BMW i3 electric car, which manages 124 MPGe at 27 kilowatt-hours pe 100 miles.

Due to the BMW i3 having a smaller battery pack than the Chevrolet Spark EV however, the Spark manages one more mile per charge, at least on EPA test cycles.

When it comes to charging, the Chevrolet Spark EV comes with an on-board 3.3 kilowatt charger for use with any Level 2 public or domestic charging station. It can also be ordered with the optional CCS charging port to enable the ability to quick charge from empty to 80 percent full at a nearby CCS quick charging station.

So if you happen to live in one of the three states where the Spark EV is sold, it might be worth arranging a test-drive some time soon.

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