(May 23, 2013) DETROIT — Chevrolet has announced 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 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 comes with a warranty of 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.