Chevrolet discounts Spark EV: 'Cheaper than phone bill' - USA TODAY
Chevrolet discounts Spark EV: 'Cheaper than phone bill' Against a backdrop of cheap gasoline and ho-hum sales of electric vehicles, Chevrolet is cutting the price of its Spark EV battery car by $1,650, enough so that with all available government... ly/1FR12CB Against a backdrop of cheap gasoline and ho-hum sales, some shorter-range electric cars are being priced so low that they are competing with some of the most inexpensive conventional cars on the market. Chevrolet announced on Tuesday that it is dropping the price of its Spark EV electric car by $1,650, the latest in a series of price cuts on models that generally go no more than 100 miles per charge. The Spark EV subcompact is sold in California, Oregon and Maryland. While the cut leaves Spark at $26,820, including destination charges, federal and state tax credits can cut that as low as $14,995 — only about $2,000 more than the cheapest conventional Spark. Yet electric cars continue to cost automakers substantially more to make, raising questions about how deep a loss Chevrolet parent General Motors (GM) is taking on every Spark EV. . "They are clearly taking a loss to move product," says Ron Cogan,... "There's a limited market" for electric cars, he says, mostly true believers and those who have short commutes or just need a car to tool around town. Source: www.usatoday.com
