Chevy Spark EV

Chevy Spark EVForget pricey Teslas; Chevrolet announced pricing for its Spark EV model at $27,495. If a buyer qualifies for the full federal tax credit of $7,500, that price drops to $19,995. The Spark EV goes on sale in June but will be limited to California and Oregon. California owners will be able to apply further credits up to $2,500. Oregon may be less friendly, as the state considers charging electric car owners a special per-mile tax. Chevrolet’s announcement also notes that dealers can offer lease deals for $199 per month, and that the Spark EV will save owners an estimated $150 per month in fuel charges. The Spark EV is not the lowest-priced electric car hitting the market. The Smart Electric Drive goes for $25,000 before tax credits or other state incentives. The Spark EV is based on the Chevrolet Spark, a compact car with a 1.25-liter four-cylinder engine, and a price tag of $13,745.

Read the full story at CNET.

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