Friday, May 24, 2013

New Chevrolet Spark electric car to cost 38% less than sibling Volt

This is a welcomed piece of news for Electric Vehicle fans and tree huggers.

In a move to make electric cars more affordable to the masses, GM came out with a relatively cheap Chevrolet Spark costing as low as $19,995 or RM60,675 when converted dollar-to-dollar.

The recently launched electric car, Mitsubishi i-MiEV cost Malaysian consumers RM139,888 to own one! Chevrolet is quite aggressive in the local market and the Chevy Spark is expected to land on our shore at a later date. But a price tag of twice of those that in the US - say RM121,350 - would be ridiculously expensive.

Chevrolet spark EV
Reuters file pic: A model sits in a new Chevrolet Spark auto-transmission during its launch in Hanoi, May 20, 2013. The Chevrolet Spark all-electric subcompact car will cost 38% less than its larger sibling, the hybrid Volt.

GM Chevy Spark electric car's price 38 percent less than sibling hybrid Volt's

DETROIT, May 23 — The Chevrolet Spark all-electric subcompact car will cost US buyers as much as 38 per cent less than what it takes to buy its larger sibling, the hybrid Volt, General Motors Co said today.

The 2014 Spark EV, which goes on sale next month in California and Oregon, will sell for as low as US$19,995 after accounting for the full federal tax credit of US$7,500, GM said. The larger Chevy Volt, which was introduced in the fall of 2010, sells for about US$32,500 after the tax credit.

“The Chevrolet Spark EV is the most efficient — and now one of the most affordable — EVs you can buy,” Chris Perry, GM’s vice-president of Chevrolet marketing, said in a statement.

GM has made rolling out cars with electrical technology — including its eAssist system that boosts fuel efficiency in gasoline-powered cars — as a central part of its global strategy.

The US automaker is aiming by 2017 to build up to 500,000 vehicles a year that include some form of electric engine power, including cars like the Spark EV, the Volt and those with eAssist.

Reference: SRN News

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