GM drops price of Chevrolet Spark EV in US
The carmaker announced that the model, currently on sale in California and Oregon with Maryland to come on board in the summer, will now carry a manufacturer’s suggested retail price of $25,995.
The move – believed to be in response to slow sales – brings the price as low as $14,995 after full federal and state tax credits and Chevrolet Bonus Cash.
Depending on an individual’s tax situation, the Spark EV is eligible for federal tax credit up to $7,500. California and Maryland Spark EV owners may also qualify for a $2,500 California state rebate or $2,300 Maryland excise tax exemption. Additional Chevrolet bonus cash is also available as follows: $1,000 in California, $1,200 in Maryland and $3,500 in Oregon.
Chevrolet is also offering a $139 per month sign-and-drive lease deal for 39 months.
“Chevrolet is committed to making EV driving more accessible, affordable and fun” said Steve Majoros, director of Chevrolet Car and Crossover Marketing. “The Spark EV is already the most efficient – and one of the most affordable – EVs you can buy. 2015 Spark EV customers will benefit from an impressive blend of technology, capability and low cost of ownership, now at an even more impressive price.”