article thumbnail

Kia EV6 Offers Make Driving Award-Winning Crossover More Affordable

Electric Cars Report

Kia America is making the award-winning EV6 crossover more affordable. From now to July 5, 2023, Kia America is offering a $7,500 EV lease bonus, applied as a capitalized cost reduction, on a lease of a new 2023 EV6 to well-qualified customers.

Kia 105
article thumbnail

Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. And that’s including gas-powered cars. 361 $43,656 SEL RWD 77.4

article thumbnail

April auto gross sales defy financial hesitancy

Baua Electric

Stated Zack Krelle, an analyst with TrueCar: “Interest rates on vehicle loans appear to be plateauing as manufacturers offset higher financing costs with increased APR-based relief.” ” Regardless of buying groceries process, affordability extra a priority. Honda Motor Co., building up in April.

Auto 52
article thumbnail

Rivian (RIVN) R1S cracks top 5 best-selling EVs in Q4 just as EV leasing heats up

Baua Electric

New data from Xperian’s State of the Automotive Finance Market Report Q4 2023 shows Rivian’s electric was the fifth best-selling EV in the US last quarter. SUVs, in general, dominated in the fourth quarter, pulling market share from pickups and sedans with almost 63% of financing. That’s up from 7.1% a year ago.

SUV 52
article thumbnail

Used EVs – Over The Hill, Or An Absolute Steal?

My Energi

And that’s not all, while the purchase price of EVs has continued to tumble, comparable finance rates are still far higher than their internal combustion engine (ICE) counterparts. With government incentives also beginning to wane, affordability remains a major concern for many motorists. Mythbusting – are used EVs a ticking time bomb?

Cheap 133
article thumbnail

The Hottest EVs Coming Out in 2023-2024 and How to Save Big on Them

EV Life

The Chevy Blazer EV is expected to compete with similar vehicles, such as the Ford Mustang Mach-E , Kia EV6 , Hyundai Ioniq 5 , Volkswagen ID.4 It will be available in rear- and all-wheel-drive, and Kia says its all-wheel drive and rear-wheel-drive Long Range models will have an estimated range of 300 miles. 4 , and the Tesla Model Y.

F-150 52
article thumbnail

Electric Car Buyer’s Guide: 7 Steps to Find The Best EV for Your Life

EV Life

Narrow your electric car search Make a charging plan Know your range Maximize EV incentives Test drive Consider leasing vs. financing Get safe pickup or delivery. Consider leasing vs. financing. Why Finance? Regardless of whether you lease or finance, be sure to research and negotiate your best deal. Learn more here.