In October, we lastly acquired an opportunity to drive the Hyundai Kona EV, a reasonably great little electrical automobile. Based on the inner combustion-powered Kona, it packs in 64kWh of lithium-ion to present it an EPA vary of 258 miles (415km). On prime of that, the little Kona EV additionally sported a reasonably nifty Smart Regeneration System that makes use of the automobile’s cruise management radar to maximise power recuperation when following different vehicles. The one factor we could not inform you again then was how a lot this EV would price.
Wonder no extra. On Friday, Hyundai lastly revealed US pricing: the 2019 Kona EV will begin at $36,450, which suggests it ought to price $28,950 after the $7,500 IRS tax credit score is taken into consideration. (On prime of that, there’s the supply cost, which bumps the post-credit value as much as $29,995.)
That makes it costlier than the bottom mannequin Nissan Leaf, which begins at $29,990 earlier than tax credit. However, the Leaf solely gives 150 miles (241km) of vary, and also you’d must spring for the $36,200 Leaf SL to get an identical stage of kit to the Hyundai. (An extended-range, costlier Leaf with a 60kWh battery pack is coming sooner or later in 2019, however that provides $5,500 to the automobile’s value.)
A more in-depth competitor range-wise is the Chevrolet Bolt EV. This was the primary mass-market EV with a 200+ mile vary—238 miles (383km) by the EPA’s reckoning. It’s extra enjoyable to drive than the Kona EV, however the Bolt additionally lacks a number of the newer automobile’s options. And because the Bolt EV’s pre-tax credit score MSRP is $37,495, the Korean battery EV manages to undercut it.
Many are nonetheless holding out for the $35,000, 220-mile vary (354km) Tesla Model 3. But Elon Musk lately instructed staff that the present value of that configuration Model Three would price the corporate $38,000 to construct, which means Tesla has an terrible lot of optimization and price chopping to do if it desires to have the ability to provide that automobile to clients and nonetheless make any revenue by any means. And after all, Tesla’s tax credit are within the technique of sunsetting as the corporate delivered its 200,000th US automobile in July of this yr.