Chevrolet Spark EV to lease for as low as $199 per month; MSRP $27,945 pre-incentives

Chevrolet 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.

Payments are for a 2014 Chevrolet Spark EV with an MSRP of $27,495, with 36 monthly payments totaling $7,159.68. An option is available to purchase at lease end for an amount to be determined at lease signing. A mileage charge of $.25/mile is applied after 12,000 miles. With the full Federal tax credit, the net price of the Spark EV could be as low as $19,995, including $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 Spark EV features a combined city/highway EPA estimated range of 82 miles (132 km) when fully charged and an EPA-estimated combined city/highway 119 MPGe fuel economy equivalent. The vehicle’s 21 kWh lithium-ion battery pack carries a limited warranty of eight years or 100,000 miles, whichever comes first.

Spark EV will also 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% 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.

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.

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; and
• remotely starts the vehicle to pre-condition interior temperature.

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.

Source: Green Car Congress