Chevrolet announced today a low mileage lease on the new 2014 Spark EV 1LT for as low as $199 per month for 36 months, with $999 due at lease signing including security deposit (tax, title, license dealer fees extra), making the vehicle one of the most affordable EVs on the market.

Spark EV’s Manufactures’ Suggested Retail Price starts at $27,495 – as low as $19,995 net of the full federal tax credit which ranges from $0 to $7,500 – and includes $810 destination freight charge.

Depending on their tax situation, California Spark EV owners may also qualify for other state and local tax credits and incentives ranging from $0 to $2,500, potentially reducing the price to $17,495. Spark EV owners in California are also eligible for High-Occupancy Vehicle, or carpool lane, access.

Compared to the average new gas-powered vehicle, the Spark EV can save drivers, on average, about $150 per month in fuel costs.

The Spark EV will be available at select Chevrolet dealers throughout California and Oregon beginning mid-June 2013.

The Spark EV features a combined city/highway EPA estimated range of 82 miles when fully charged and an EPA-estimated combined city/highway 119 MPGe fuel economy equivalent. The vehicle’s 21 kWh lithium-ion battery pack will continue Chevrolet’s tradition of offering outstanding limited warranty protection – eight years or 100,000 miles, whichever comes first.

Source: Chevrolet