Available next month in California and Oregon, the new 2014 Spark EV 1LT can now be leased for as low as $199 per month for 36 months. Requiring a nominal $999 due at lease signing, which includes a security deposit but is exclusive of tax, title, and registration, now makes this small Chevy EV an affordable option for new car buyers interested in electric transportation.
The Chevy Spark EV’s MSRP starts at $27,495 but is as low as $19,995 when factoring in an available $7,500 federal tax credit. Other state and local tax credits may be available to bring the price down further. Chevy says that compared to the average new gasoline-powered vehicle, the Spark EV can save drivers an average of $150 per month in fuel costs.
Driving range is an EPA estimated 82 miles, similar to that of other small EV models. Its combined fuel economy equivalent is rated by EPA at 119 MPGe. Charging with a Level 2 240-volt charger takes about seven hours and a 120-volt convenience charge cord comes standard, although charge time is considerably longer. Chevy points out that the Spark EV is the first electric vehicle on the market to offer an option to be charged via the recently approved SAE combo charger for DC Fast Charging, which will enable the Spark EV to recharge up to 80 percent of its capacity in 20 minutes. Of course, that’s when DC Fast Charging stations become available.
In-vehicle connectivity is well looked-after with Chevy’s MyLink infotainment system, which includes a seven-inch touch screen and integration with third-party apps and features such as Siri Eyes Free, Pandora, and BringGo navigation. These features require the user to purchase third party apps separately on a compatible smart phone. The Spark EV RemoteLink application, which requires a smart phone and OnStar subscription, provides an array of desired functions including charge status, scheduled charge timing, interior temperature pre-conditioning, and the ability to send a text or email for charge reminders.