Chevy Spark EV Can Be Had For Under $25,000 After Incentives


Automakers are working hard to find the “sweet spot” for electric vehicle pricing. For GM and its soon-to-launch Chevy Spark EV, the sweet spot for pricing is right around $25,000 after federal tax incentives, making it one of the more affordable EVs on the market. But will that help the Spark EV sell better than the competition?

That seems to be GM’s hope, and just a few days away from the “official” unveiling comes a few other key details that make the Spark EV seem like a serious contender. GM already let slip that the Chevy Spark EV will have pretty good acceleration of 0 to 60 mph in under 8 seconds thanks to an available 400 ft-lbs of torque and 130 horsepower. Yet the 20 kWh battery pack is still expected to deliver as much, if not more range than similar EVs on the market.

Now comes word that after incentives, the Chevy Spark EV will cost “less than” $25,000. That puts the before-incentive price at $32,500. That makes the Spark EV cheaper than the Nissan Leaf, but more expensive than both the Mitsubishi i and Smart ForTwo Electric Drive, slated to be the cheapest EV on the market.

In addition, the Chevy Spark EV will be the first electric car equipped with the newly-approved SAE Combo charger, that will allow for both Level 2 and Level 3 charging. This will allow the Spark EV to be charged to 80% capacity in just 20 minutes, another huge advantage over the competition.

If you ask me, it looks like GM put a lot more effort into the Spark EV than some other automakers and their compliance cars. Another example of this are the improved aerodynamics, which GM says added an extra 2.5 miles to the range of their little electric car. GM will also be selling the Spark EV in California, Oregon, Canada, and South Korea, dismissing the notion of the Spark EV as a “compliance car.” The only design choice I question is the inclusion of two 7-inch LCD screens. While not exactly energy intensive, how much more range might a more standard setup have netted?

So far, the Chevy Spark EV sounds like it has the potential to really make an impact. But with sales starting in just a couple of states, most of the country won’t even be able to see one in person. Maybe once GM fills in the blanks (like the official range), more people will be open to trying out the General’s second take on pure-electric vehicles.

Source: GM

About the Author

A writer and gearhead who loves all things automotive, from hybrids to HEMIs, can be found wrenching or writing- or else, he's running, because he's one of those crazy people who gets enjoyment from running insane distances.
  • Markw

    The Volt and the Leaf have kicked the door open, now lets see what drives on thru… the spark looks like a good start to a bad decade to own a hummer!

  • The Spark looks like it would fit my family’s needs. I’m glad they are working on lowering the Cd – 0.36 down to 0.325 is a start. But this is the company that brought us the EV1 that had a Cd of 0.19-0.20 – they need to keep working hard on this.


  • JiffieJefferson

    Please explain to me how the car costs less than $25,000. The $7500 incentive is a tax credit, not a discount or rebate on the car and only reduces my yearly income by that much on my taxes. The car still costs $32,500 and any buyer will have to finance it for that much. Saying it costs $25,000 would seem a flat out lie.

  • A net price of $24,900 is pretty decent, nearly $3,000 less than a Leaf, albeit with an EPA range of 70 miles if they are lucky. This isn’t a full utility car, it is more of a town car, so I am not too worried about the Cd, though as Neil mentions, getting it lower would help a lot on the highway and on the faster parts of an urban commute.
    JJ, I am not sure how saying the Spark, “can be had for under $25,000 after incentives” is a lie. It would seem to be a fact. If you change your deductions with HR you don’t have to wait for the benefit. And if you use some of your ready cash/savings to increase your down payment, with the knowledge that your taxes are going to be $7500 less in a couple months, there is an opportunity cost to that action, but it is miniscule. The $7500 doesn’t reduce your taxable income by $7500, it reduces your tax due by $7500. Check with your accountant, the info you got on it reducing your ‘yearly income by that much on my taxes’ is wrong.
    All in all, an interesting offering from Chevy. I hope that they expand the states that it is offered in soon. At the very least, Washington state would seem to be a no brainer.
    Sounds like the Spark EV will be 354 pounds lighter than the Leaf, so maybe the GM boasts about better EPA AER than the Leaf may have some semblance of truth. I don’t see how, but weight matters on the city part of the commute.

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  • Eric

    I am happy to see EV2 from GM. I wish they had built another EV specific chassis for it, and I also wish they hadn’t taken stylistic cues from the leaf (I’m talking about you, stupid bubbly wheel accents). Range will be the deciding factor for many; I hope that it goes at least 90 miles, beating out the Coda.

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