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Chevy Spark EV to cost under $20K after tax credit | The Detroit News |

Melissa Burden
| The Detroit News
General Motors Co. said Thursday its 2014 Chevrolet Spark EV will start at $27,495 and will cost less than $20,000 after factoring in a $7,500 federal tax credit available for electric vehicles.

The Detroit automaker also will offer its Spark EV 1LT for as low as $199 a month in a 36-month lease, with $999 due at signing. The monthly payment matches what competitor Nissan Motor Co. is offering with its Leaf S model and is slightly less than the starting sticker price on the Leaf, which has had a sales increase in recent months.

GM spokesman Kevin Kelly said the automaker wanted to make sure the Spark EV was competitively priced with all electric vehicles on the market.

From The Detroit News:



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