Chevrolet Spark EV - front three-quarter view

The Nissan Leaf, the Fiat 500e and now the 2014 Chevy Spark EV 1LT. Three different electric hatchbacks that can all be had for the same low lease price: $199 per month. The Spark even has the same appealing $999 down payment as the Fiat (the Leaf's is $1,999) and both require 36-month leases, so the cost of these two city runabouts is identical, at least at the base level. The one potential hiccup: Chevy says it's a "low mileage lease," and you'll pay 25 cents a mile for each mile over 12,000 per year. Considering these are urban-minded vehicles with limited ranges, however, that doesn't seem like as pressing an issue.

If you want to buy a Spark EV outright, General Motors will ask you for $27,495, a figure that will drop to $19,995 for anyone who qualifies for the full $7,500 federal tax credit. That's a good deal for EVs, but the gas-powered Spark starts at just $12,185. Before Fiat announced its low lease deal last month, all GM would say is that the Spark EV would cost somewhere "under $25,000 with tax incentives." Well under, apparently.

The Spark EV goes on sale in California and Oregon in the middle of June. The car is rated at 119 MPGe combined and has a range of 82 miles. When that's not enough, DC quick charging with the SAE combo charger will refill the battery to 80 percent in about 20 minutes (when such DC stations stations become available, since the Spark is not compatible with the already-available CHAdeMO stations).
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Chevrolet Spark EV Lease as Low as $199 per Month
Could save owner average $150 monthly in fuel costs based on EPA assessments

DETROIT. – Chevrolet announced today a low mileage lease on the new 2014 Spark EV 1LT for as low as $199 per month* for 36 months, with $999 due at lease signing including security deposit (tax, title, license dealer fees extra), making the vehicle one of the most affordable EVs on the market.

Spark EV's Manufactures' Suggested Retail Price starts at $27,495 – as low as $19,995 net of the full federal tax credit which ranges from $0 to $7,500 – and includes $810 destination freight charge.

Depending on their tax situation, California Spark EV owners may also qualify for other state and local tax credits and incentives ranging from $0 to $2,500, potentially reducing the price to $17,495. Spark EV owners in California are also eligible for High-Occupancy Vehicle, or carpool lane, access.

Compared to the average new gas-powered vehicle, the Spark EV can save drivers, on average, about $150 per month in fuel costs based on EPA assessments**.

The Spark EV will be available at select Chevrolet dealers throughout California and Oregon beginning mid-June 2013.

"The Chevrolet Spark EV is the most efficient – and now one of the most affordable - EVs you can buy" said Chris Perry, vice president, Chevrolet Marketing. "Combined with outstanding infotainment and great design, the fun-to-drive Spark EV is engineered to impress."

The Spark EV features a combined city/highway EPA estimated range of 82 miles when fully charged and an EPA-estimated combined city/highway 119 MPGe fuel economy equivalent. The vehicle's 21 kWh lithium-ion battery pack will continue Chevrolet's tradition of offering outstanding limited warranty protection – eight years or 100,000 miles, whichever comes first.

Spark EV will be the first vehicle on the market to offer as an available option compatibility with the recently approved SAE combo charger for DC Fast Charging. The capability, available shortly after launch, will enable the Spark EV to recharge up to 80 percent of its capacity in approximately 20 minutes at select DC Fast Charging stations when they become available. Unlike most competitors, the Spark EV's battery system is capable of handling multiple compatible DC Fast Charges daily. Charging can also be completed in less than seven hours using a dedicated 240V charge. A 120V charge cord set comes standard. Charging can be managed and monitored remotely using the Spark EV's smart phone application, provided by OnStar, which is standard for three years.

Connectivity to Enhance Efficiency

The 2014 Chevrolet Spark EV will offer several forms of in-vehicle connectivity, including the MyLink infotainment system that 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. See Chevrolet.com/MyLink for more details. The Spark EV RemoteLink application is designed to enhance the overall ownership experience with fingertip interaction and control. The application, which requires compatible smart phone and active OnStar subscription:

• displays charge status – plugged in or not, and voltage
• provides flexibility to "Charge Now" or schedule charge timing
• displays percentage of battery charge level and total range
• allows manual setting of grid-friendly charge mode for off-peak times when electricity rates are lowest
• sends text or email for charge reminders, charge interruptions and full-charge notification
• displays miles and odometer readings
• remotely starts the vehicle to pre-condition interior temperature
• requires compatible smart phone and active OnStar subscription

Because the Spark EV operates only on electricity, drivers will need to know if they can reach their destination on a single charge. The Spark EV Waypoint tab, which is integrated into the RemoteLink app, can quickly plot a waypoint route with recommended charging stations if the route is beyond the vehicle's remaining range.

The Spark EV comes with three years of OnStar Directions and Connections service, which includes Automatic Crash Response, stolen vehicle assistance and connected navigation.

Chevrolet will also provide customer assistance via a Spark EV advisor. Dealers will provide on-site dedicated Spark EV service and sales experts. To be among the first to purchase a Spark EV, customers can visit their nearest participating Chevrolet Spark EV dealer. A Spark EV dealer locator is available on www.chevy.com/sparkev.

Founded in 1911 in Detroit, Chevrolet is now one of the world's largest car brands, doing business in more than 140 countries and selling more than 4.5 million cars and trucks a year. Chevrolet provides customers with fuel-efficient vehicles that feature spirited performance, expressive design, and high quality. More information on Chevrolet models can be found at www.chevrolet.com.

*Lease example based on survey. Each dealer sets its own price. Your payments may vary. Payments are for a 2014 Chevrolet Spark EV with an MSRP of $ $27,495. 36 monthly payments total $7159.68 . Option to purchase at lease end for an amount to be determined at lease signing. Ally must approve lease. Take delivery by 07/01/2013. Mileage charge of $.25/mile over 12,000 miles. Lessee pays for excess wear. Payments may be higher in some states. Not available with some other offers. Residency restrictions apply.

**Savings of $150 per month based on 23 MPG HWY for an average vehicle and $0.12 per kW-hrs electricity cost. Visit fueleconomy.gov for details.