General Motors Co. (GM), which has failed to meet sales goals for the Chevrolet Volt plug-in hybrid, plans to begin selling an all-electric version of the Chevrolet Spark initially in California and Oregon in 2013’s third quarter.
The electric model will start at less than $25,000 after a $7,500 U.S. tax credit, the company said today in an e-mailed statement. Michael Albano, a GM spokesman, declined to provide an exact price. The gasoline-powered Spark has a starting price of $12,245, according to Edmunds.com.
The Spark EV is part of GM’s effort to produce as many as 500,000 vehicles annually by 2017 with some form of battery propulsion. GM made the announcement about the electric Spark ahead of this week’s Los Angeles Auto Show.
Source
Bloomberg Businessweek