- The 2015 Chevrolet Spark EV has received a $1,650 price cut compared to 2014
- Pricing now starts at $25,995, or $14,995 after incentives and tax rebates
- The 2015 Spark EV is only available in California, Maryland and Oregon
The fully electric Chevrolet Spark EV is now cheaper than ever before. That’s the latest from Chevrolet, which recently announced that the 2015 Spark EV will start from just $25,995, a decrease of more than $1,600 compared to last year’s price.
Although Chevrolet hasn’t announced the reason behind its price-slashing decision, the automaker is likely looking to boost sales of the tiny Spark EV, which offers a standard 5-door hatchback body style, an 82-mile range and a 7-hour recharge time using a 240-volt outlet or a much quicker time with the Spark’s optional DC fast charger.
Unfortunately, not everyone will benefit from the Spark EV’s new pricing. In fact, few drivers will, since the Spark EV is only on sale in three states: California, Maryland and Oregon. But drivers in those states can take advantage of federal tax rebates, local tax rebates and Chevrolet’s own incentives for savings of up to $11,000. After all rebates and manufacturer incentives, some drivers will end up spending just $14,995 on the Spark EV, a figure that makes the car one of the cheapest electric vehicles on the market.
The Spark EV’s new pricing also allows Chevrolet to offer the electric vehicle with an impressive new lease incentive: zero down and payments from just $139 per month for 39 months. That trumps the lease offer on Nissan’s popular LEAF EV, which touts payments from $199 per month after $1,999 down at lease signing.
Drivers in California, Maryland or Oregon who are interested in the Spark EV will be able to take advantage of the new pricing, along with the newly standard 4G LTE wireless, when the 2015 model reaches dealers this summer.
What it means to you: Thanks to a lowered base price, the 2015 Chevrolet Spark EV is more affordable than ever before.