Chevrolet announced today a low mileage lease on its new 2014 Spark EV 1LT model for as low as $ 199 per month for 36 months, with a $999 due at least signing.
The price includes security deposit fees, making it one of the most affordable electric vehicles on the market today.
Spark EV's Suggested Retail Price starts at approximately $27,495, as low as $19,995 net of the full federal tax credit which ranges from $0 to $7,500 while including the $810 destination freight charge according to a GM press release.
Certain locations like California may also qualify for other state, local tax credits and incentives priced from $0 to $2,500, which could reduce the price to $17, 495.
"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 in a press statement. "Combined with outstanding infotainment and great design, the fun-to-drive Spark EV is engineered to impress."
Click here to see a slideshow of the new Spark model.
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 range.
Chevrolet confirmed earlier this year that the EV will be the first model to offer as an available option compatible with the SAE combo charger for DC Fast Charging. The capability will allow the EV to recharge up to 80 percent of its capacity in 20 minutes at DC Fast Charging stations according to GM.
Charging can be completed in less than seven hours using a 240V charge cord set that comes standard with the vehicle.
The new EV will be available in select locations through Chevrolet dealers starting this June according to GM.
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