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Kia is Readying a New Affordable EV4 Sedan for the 2025 Model Year

The Truth About Cars

Several automakers have promised affordable EVs, but so far, none have truly delivered. The car’s starting price is expected to come in at under $35,000, which would make it one of the most affordable electric models in the U.S., EV tax credits, but Kia has begun production of the EV9 in Georgia, and Hyundai will follow suit soon.

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Kia’s EV sales surged to a new record in the US with affordable, long-range models

Baua Electric

Kia’s EV sales hit new record in first half of 2024 Kia is on a roll in the US with affordable, long-range models like the three-row EV9 and EV6, reaching buyers. Kia kicked off EV9 production in Georgia in May as the first EV built in the state. With the $7,500 federal tax credit, prices fall to as low as $48,995.

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

The Truth About Cars

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. That should help keep costs in the low $30,000 range, a significant departure from most EVs, which are notably more expensive. Kia is also moving to improve its North American EV manufacturing footprint.

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. It will have up to 315 km (196 miles) range in Korea and 355 km (221 miles) WLTP range.

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Hyundai says EVs are ‘top priority’ in the US with massive $7.6B Metaplant opening soon

Baua Electric

billion Metaplant wraps up in Georgia. For now, electric vehicles are the top priority,” Hyundai’s leader added while at an event organized by Georgia Governor Briant Kemp. Once assembly begins, Hyundai expects EVs built at the facility to qualify for the $7,500 federal tax credit, giving the automaker even more momentum.

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Kia overtakes Hyundai in US electric vehicle sales in Q2 as its new EV9 sparks growth

Baua Electric

Kia’s EV9 was the first EV built in Georgia after production at its West Point plant kicked off in May. With the $7,500 federal tax credit, prices could fall to as low as $48,995. The long-range model (with up to 304 miles range) could be bought for under $55,000 (including the EV tax credit).

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Hyundai and Kia launch new LFP battery project for lower-priced EVs

Baua Electric

More affordable EVs are coming Hyundai claims its new method can boost production efficiency while driving lower costs compared to current processes. Hyundai Kona Electric N Line (Source: Hyundai) In Europe, Hyundai’s Casper (Inster) EV will start at less than $27,000 (25,000 euros) with up to 220 miles (355 km) WLTP range.

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