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GM plans a plug-in at under $25,000

SOUTHFIELD, Mich. – General Motors, which has failed to meet sales goals for the Chevrolet Volt plug-in hybrid, plans to begin selling an all-electric version of the Chevrolet Spark initially in California and Oregon in 2013’s third quarter.

The electric model will start at less than $25,000 after a $7,500 U.S. tax credit, the company said Tuesday. Michael Albano, a GM spokesman, declined to provide an exact price. The gasoline-powered Spark has a starting price of $12,245.

The Spark EV is part of GM’s effort to produce as many as 500,000 vehicles annually by 2017 with some form of battery propulsion.

GM made the announcement about the electric Spark ahead of this week’s Los Angeles Auto Show.

The small car follows the Volt, which first went on sale in late 2010, and has failed to meet CEO Dan Akerson’s sales target of 60,000 globally this year, including 45,000 in the U.S. Akerson backed away from his goal in June, saying sales would probably total 35,000 to 40,000.

Through October, GM sold 19,309 Volts in the U.S.
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