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Can Chevrolet Beat Nissan’s Leaf On the Pricing Field?

For those eagerly awaiting an electric car that won’t break the bank, Chevrolet (NYSE:GM) has answer: the electrified version of its Spark compact car, after the deduction of the $7,500 federal tax credit, will come in below $20,000. With a retail price of $27,495 without the tax credits or other perks, the Spark is among the cheapest EVs hitting the market.
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If you do not want to commit to purchasing the vehicle outright, Chevrolet is offering a three-year lease, with $999 down, at $199 per month — matching the leasing terms of its equally petite rival, the Fiat 500e. In comparison to its kin, the Spark comes in a solid $2,000 less than the next most affordable: the Nissan Leaf runs $29,650, the Fiat 500e will set you back about $33,200, and the Mitsubishi i-MiEV will run you about $29,975.

The car will first go on sale in California and Oregon (likely to the surprise of nobody), and feature a range of about 82 miles on a full charge with the equivalent of 119 miles per gallon. GM said that following the launch, the company will look into expanding the Spark into more markets.
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