Let the Sparks Fly: Get Ready For The EV Wars

Bertel Schmitt
by Bertel Schmitt
let the sparks fly get ready for the ev wars

Prepare for a low intensity price war over electric vehicles. GM announced that its all-electric Chevrolet Spark, going on sale next month in California and Oregon, will sell for as low as $19,995 after the full federal tax credit of $7,500. According to the calculations of Reuters, that’s “as much as 38 percent less than what it takes to buy its larger sibling, the hybrid Volt.”

The larger Volt sells for about $32,500 after the tax credit. MSRP of the base Spark will be $27,495, undercutting the Mitsubishi i-MiEV ($29,975) and the Nissan Leaf ($29,650). It is expected that there will be a reaction.

The car can be leased for as low as $199 a month for 36 months with $999 due at signing. California EV owners may also qualify for other state and local tax credits and incentives of up to $2,500, reducing the price to $17,495. EV owners in California are also eligible for carpool lane access with only a solitary driver in the car.

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  • E46M3_333 E46M3_333 on May 23, 2013

    I'll consider an EV when they don't either cost 80 grand, or look like something a circus clown should drive.

    • See 1 previous
    • Beerboy12 Beerboy12 on May 23, 2013

      You should have seen the original Deawoo Matiz that the spark is descended from...

  • Redav Redav on May 23, 2013

    What about the smart car EV that was supposed to retail for ~$22k? Sure, it doesn't really count as a full car, but IIRC, after fed & state rebates, you could pick one up in CO for just over $10k, and if I was there, I'd buy one.

  • CapVandal CapVandal on May 23, 2013

    I doubt if I am close to unique here, but I own 3 vehicles. DD+SUV+Sports. For multiple car owners, range simply isn't an issue. Gotta drive more than a few miles, take one of the ICE vehicles. It seems like there is a convergence between the small EV's and the NEV's. http://en.wikipedia.org/wiki/Neighborhood_Electric_Vehicle. There have to be some economies of scale if EV's become more popular. The spark might look like a clown car compared to a cam/cord, but it's an ultra high performance NEV.

  • Tjh8402 Tjh8402 on May 27, 2013

    I will be watching this car and any prospective lease deals with anticipation. Currently, the $199/month Nissan Leaf lease means the car will just about break even in terms of ownership costs with my BMW if I was to add the Leaf to my auto fleet and drive it the maximum mileage per year. The spark leasing for $199/month with a smaller down payment means I could lease it, drive it to its maximum annual mileage, and then come out ahead financially than if I'd driven the BMW over that mileage.