Remove Affordable Remove Cars Remove Kia Remove Tax Credit
article thumbnail

Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

Kia recently announced plans to develop new hybrid and plug-in hybrid models to help it cope with wavering EV demand, but that hasn’t stopped the automaker’s trudge toward full electrification. In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3.

Kia 59
article thumbnail

Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. Kia is now cutting another sub-$20,000 option with its announcement of the Rio’s demise after 2023. Image: Kia] Become a& TTAC& insider. Though disappointing, the move isn’t a surprise.

Kia 84
article thumbnail

Hyundai and Kia surge past Ford, GM to take second in US EV sales in 2023

Baua Electric

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 Hyundai capped off a record year with nearly 47,000 IONIQ 5 and IONIQ 6 EVs sold, while Kia sold almost 19,000 EV6 electric crossovers.

Kia 52
article thumbnail

Feature: Top 6 Reasons Why an EV Is the Right Choice

Clean Fleet Report

One of these remarkable initiatives is the introduction of electric cars. Electric cars are a current trend. One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., If you fancy high instant speeds, then an electric car is ideal for you.

article thumbnail

Road Test: 2021 Kia Niro PHEV EX Premium

Clean Fleet Report

Photos by John Faulkner and Kia. The 2021 Kia Niro PHEV is one of three electrified Niro models to choose from, alongside a hybrid and a pure battery electric version. Not bad, unless I was driving the Kia Stinger , which welcomes some seriously aggressive driving. A Winning Formula. Story by John Faulkner.

PHEV 94
article thumbnail

Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. Hyundai Motor Group is investing $7.59 billion in HMGMA. billion in individual earnings per year.

Hyundai 77
article thumbnail

Cost Parity?: Two Dozen EVs “Available” in the US Start At Less Than $45,000

EV Adoption

Nine of these EVs have a base MSRP of less than $35,000 and another nine would have a net effective price below $30,000 when factoring in the applicable federal EV tax credit. And buyers in some states may qualify for further incentives including rebates or no sales tax, along with some utilities also providing rebates.