Chevrolet Slashes Spark EV Prices - Offers $0 Down $139 Month Leases To Jump Start Sales

Chevrolet is cutting the sticker price on the Spark EV by $1,650 and adding cash incentives that will allow buyers to get the battery electric minicar for as low as $14,995 after federal and state tax breaks.

Chevy also has begun offering a lease offer of $139 per month for 39 months with no money down.

General Motors is the latest automaker to cut EV prices as lower fuel prices make green cars a tougher sell. On Monday, the average price for regular gasoline was $2.41, down from $3.65 a year ago, according to the U.S. Energy Information Administration.

Chevy spokeswoman Annalisa Bluhm said lower fuel prices are not a factor in the price cut and added incentives. She said Chevy wants to reach more customers.

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TheSteve - 4/15/2015 1:26:30 PM

+1 Boost

With (temporarily) depressed fuel prices, people have shifted their focus to more powerful engines and what they *really* want. Their focus shifts away from fuel efficiency. EVs and hybrids become less interesting, and their sales decline. Manufacturers put more money on the hood in the hope of stimulating sales. That's what we're seeing today.

MDarringer - 4/15/2015 11:47:16 PM

0 Boost

They are getting rid of the old Spark given that a new one is coming.