The 2014 Chevrolet Spark EV has undercut the prices of the rest of the electric vehicles on the market. At $27,495 without the federal tax credit (which is up to $7,500), it’s a real steal.
When the tax credit is factored in, you can purchase the car for $19,995, a very reasonable price. The California state tax rebate (and those in some other places) can provide an additional savings of up to $2,500, reducing the vehicle’s price to as little as $17,495!
I think the fact that it is the cheapest electric vehicle that seats at least four people on the market, and that it charges the fastest (in 20 minutes, to 80% of its capacity), makes it a real consumer contender. It also accelerates from 0-60 MPH in 7.6 seconds, which is considered “peppy,” faster than most cars.
Has Chevy pulled off another Volt? The Volt set the bar higher for plug-in electric vehicles with its generous interior room and its range extender, which enables it to drive anywhere on gas or electricity.
“The Chevrolet Spark EV is the most efficient – and now one of the most affordable — EVs you can buy,” said Chris Perry, vice president of Chevrolet Marketing, in a press release yesterday. “Combined with outstanding infotainment and great design, the fun-to-drive Spark EV is engineered to impress.”
GM backs the Chevy Spark’s battery with an 8-year, 100,000-mile warranty.
On its website, Chevy pointed out some of the important advantages of electric vehicles, such as the lack of a transmission — at most, an electric vehicle will contain a single reduction gear to boost overall torque. Gasoline-engines actually use conventional transmissions to mimic the torque curve which is innate to electric motors.
I think GM and Chevrolet have a win here. What do you think? Will it take over the Leaf’s top spot?