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Chevrolet Cuts Price of 2015 Spark EV to $26,820

Motor Trend logo Motor Trend 4/15/2015 Megan Stewart
2015 Chevrolet Spark EV Charging Chevrolet Cuts Price of 2015 Spark EV to $26,820

With gas prices still relatively low, automakers are doling out price cuts on their most popular electric vehicles and adding further incentives to get people's attention. Chevrolet has announced that the 2015 Spark EV will have a starting price of $26,820, but after federal and state tax credits, that number could dip below the $15,000 mark.

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GM today announced that the updated 2016 Cadillac ELR will receive a whopping $10,000 price cut. Other automakers that have cut EV prices include Ford, who shaved $6,000 off the price of the 2015 Focus Electric. Now, the price comes to $29,995 before federal and state credits. For the past few years, Ford has continually cut the price, including taking $4,000 off the MSRP in July 2013. With low sales of the Mitsubishi i-MiEV, the automaker cut $6,130 off the initial price for the 2014 model, dropping the price to $23,845 before rebates.

2015 Chevrolet Spark EV Front Side View Sunrise© Provided by MotorTrend 2015 Chevrolet Spark EV Front Side View Sunrise

The Spark EV isn't the first electrified vehicle in the Chevrolet lineup to receive a price cut. The 2014 Chevrolet Volt's price tag was cut by $5,000 back in 2013.

If you don't want to purchase a Spark EV, you can lease one starting at $139 a month for 39 months and $0 due at signing. The similarly sized Fiat 500e can be leased for $139 a month for 36 months, though $1,999 is due at signing. Leasing the larger Kia Soul EV costs $249 a month for 36 months with $1,999 due at signing.

The 2015 Chevrolet Spark EV is currently on sale at dealers throughout California and Oregon, and will go on sale in Maryland later this year.

Source: Chevrolet

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