Kia has announced US pricing for the refreshed 2023 Kia Niro EV, which starts at $39,450, about $500 less than the outgoing model. The car will arrive at US dealers this month and will be available in all 50 states.
The 2023 Kia Niro EV comes in two trims – “Wind” and “Wave.” Wind is the base model, starting at $39,450, and the upgraded Wave model will cost $5k extra to start at $44,450.
Both trim levels come with the same 64.8kWh battery, but the Wave has upgraded headlights, heated mirrors, power sunroof, and some interior and exterior upgrades. It also has the coolest upgrade, Kia’s Vehicle-to-Load inverter which allows you power devices off the car’s battery.
To see a full list of the differences between the Wind and Wave trims, check out Kia’s trim comparison page.
Compared to the rest of Kia’s lineup, the Niro EV base model is $1,950 cheaper than the $41,400 EV6 base model, Kia’s newer crossover based on its dedicated E-GMP platform. The EV6’s base model comes with a smaller battery pack than the base Niro EV – 58kWh instead of 64.8 kWh – and has correspondingly lower range, 232 versus 253 miles.
Kia calls the Niro its “intelligent” EV and its EV6 the “emotional, halo” EV. Halo is a term that typically denotes more exotic, eye-catching models in an automaker’s lineup, intended to increase interest in the brand even if customers don’t buy that specific vehicle. These also tend to be the more expensive cars in the lineup, though in this case, it’s possible to buy a more expensive Niro EV than a base model EV6.
Electrek’s Take
We have to say we’re a little disappointed by this news. When we did our Kia Niro first drive in San Diego, they told us pricing for the hybrid ($26,490) and PHEV ($33,740) versions but hadn’t yet announced the EV pricing yet. We thought at the time that mid-30s would be a better price than, essentially, 40k.
To be fair, Kia was dealing with the recently-signed Inflation Reduction Act, which made them ineligible for the US Federal EV tax credit, throwing the company’s pricing for a loop, especially compared to peer vehicles like the now-US-built ID.4.
Now the 2023 Kia Niro EV price is $1,955 more than the ID.4 before credits – not to mention $13,850 (!!) more than the 2023 Chevy Bolt. And, both of those cars qualify for federal tax credits as well, adding another potential $7,500 to the difference.
Kia has already announced that it wants to start producing EVs in the United States in 2024 in order to regain tax credit eligibility, so perhaps they’ll only need to ride out the next model year or two before closing that gap.
And right now, due to enormous EV demand, price differences may not matter much at all. Every EV is selling out everywhere, and it’s difficult to find them at MSRP. So while we have to compare MSRP since that’s the only guideline we have, MSRP is somewhat meaningless right now and for the foreseeable future.
Maybe Kia is right, here, and inflated EV demand will keep EV prices above MSRP for long enough that the company’s tax credit ineligibility won’t really matter. If it takes a couple years for supply to catch up with demand (which we think it will), then Kia might just sell out of Niros at any price.
Even compared to Kia’s own lineup, I personally would rather have an EV6 built on a dedicated EV platform than the EV version of the multi-powertrain Niro, though I acknowledge that the Niro does have some benefits over the EV6. It has a taller cargo area, is a less bold statement than the EV6, and has a slightly higher range than the base EV6 (though really not enough to make a big difference, especially given the EV6’s improved fast charging capability). Some customers may prefer that “intelligent” choice over the “emotional” draw of the EV6, at least in the way Kia frames it.
What do you think about Kia’s pricing strategy? Do you think this is the right price for the Niro, particularly compared to both gas and electric competition, both from within Kia and without? Let us know in the comments.
If you’re interested in the 2023 Kia Niro EV, click here to find a local dealer and see if you can snatch one up at close to MSRP. Cars are expected to arrive at Kia dealers this month.
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National Grid Renewables has broken ground on its 100 MW Apple River Solar Project in Polk County, Wisconsin.
The Wisconsin solar farm, which will use US-made First Solar Series 6 Plus bifacial modules, will be constructed by The Boldt Company, creating 150 construction and service jobs. Apple River Solar will generate over $36 million in direct economic benefits over its first 20 years.
Once it comes online in late 2025, Apple River Solar will supply clean energy to Xcel Energy, which serves customers throughout the Upper Midwest. According to National Grid Renewables, the solar farm will generate enough energy to power around 26,000 homes annually. It will also offset about 129,900 metric tons of carbon dioxide emissions each year – equivalent to taking 30,900 cars off the road.
“We are excited to see this project begin as it underscores our dedication to delivering clean, reliable and affordable energy to our customers,” said Karl Hoesly, President, Xcel Energy-Wisconsin and Michigan. “This project is an important step in those goals while bringing significant economic benefits to Polk County and the local townships.”
Electrekreported in February that Xcel Energy, Minnesota’s largest utility, expects to cut more than 80% – and possibly up to 88% – of its emissions by 2030, putting it on track to hit Minnesota’s goal of net zero by 2040. It also says it’s on track to achieve its clean energy goals for all the Upper Midwest states it serves – Minnesota, Wisconsin, North Dakota, South Dakota, and Michigan.
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Tesla has announced that it will finally deliver 500 kW charging as it is about to install its long-awaited V4 Supercharger cabinets.
The rollout of Supercharger V4 has been a strange one, to say the least.
Tesla has been deploying the new charging stations for two years and calling them “Supercharger V4”, but it has only been deploying the charging stalls.
Supercharger stations are made of two main parts: the stalls, which are where the charging cable is located, and the cabinets, which are generally located further back and include all the power electronics.
For all these new “Supercharger V4”, Tesla was actually using Supercharger V3 cabinets. This has been limiting the power output of the charging stations to 250 kW – although
Today, Tesla officially announced its “V4 Cabinet”, which the automaker claims will enable of “delivering up to 500kW for cars and 1.2MW for Semi.”
Here are the main features of the V4 Cabinet as per Tesla:
Faster charging: Supports 400V-1000V vehicle architectures, including 30% faster charging for Cybertruck. S3XY vehicles enjoy 250kW charge rates they already experience on V3 Cabinet — charging up to 200 miles in 15 minutes.
Faster deployments: V4 Cabinet powers 8 posts, 2X the stalls per cabinet. Lower footprint and complexity = more sites coming online faster.
Next-generation hardware: Cutting-edge power electronics designed to be the most reliable on the planet, with 3X power density enabling higher throughput with lower costs.
Tesla reports that its first sites with the new V4 Cabinets are going into permitting now. The company expects its first sites to open next year.
We recently reported about Tesla’s new Oasis Supercharger project, which includes larger solar arrays and battery packs to operate the charging station mostly off-grid.
Early in the deployment of the Supercharger network, Tesla promised to add solar arrays and batteries to all Supercharger stations, and Musk even said that most stations would be able to operate off-grid.
While Tesla did add solar and batteries to a few stations, the vast majority of them don’t have their own power system or have only minimal solar canopies.
Back in 2016, I asked Musk about this, and he said that it would now happen as Tesla had the “pieces now in place” with Supercharger V3, Powerpack V2, and SolarCity:
It took about 8 years, but it sounds like the pieces are now getting actually in place with Supercharger V4, Megapacks, and this new Oasis project.
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Hyundai has a new secret weapon it’s about ready to unleash. To revamp the brand in China and counter BYD’s surge, Hyundai is launching a new AI-powered EV next year. The new model will be Hyundai’s first dedicated electric car for the world’s largest EV market.
With the help of Haomo, a Chinese autonomous startup, Hyundai will launch its first EV equipped with generative AI. It will also be its first model designed specifically for China.
A Hyundai Motor official said (via The Korea Herald) the company is “working to load the software” onto the new EV model, “which will be released in the Chinese market next year.” The spokesperson added, “The level of autonomous driving is somewhere between 2 and 2.5.”
In comparison, Tesla’s Autopilot is considered a level 2 advanced driver assistance system (ADAS) on the SAE scale (0 to 5), meaning it offers limited hands-free features.
With Autopilot, you still have to keep your eyes on the road and hands on the steering wheel, or the system will notify you and eventually disengage.
Haomo’s system, DriveGPT, unveiled last spring, takes inspiration from the OpenAI’s popular ChatGPT.
The system can continuously update in real-time to optimize decision-making by absorbing traffic data patterns. According to Haomo, DriveGPT is used in around 20 models as it looks to play a bigger role in China.
Hyundai hopes new AI-powered EV boosts sales in China
Electric vehicle sales continue surging in China. According to Rho Motion, China set another EV sales record last month with 1.2 million units sold, up 50% from October 2023.
Over 8.4 million EVs were sold in China in the first ten months of 2024, a notable 38% increase from last year.
BYD continues to dominate its home market. According to Autovista24, BYD accounted for 32.9% of all PHEV and EV (NEV) sales in China through September, with over half of the top 20 best-selling EV models.
Tesla was second with a 6.5% share of the market, but keep in mind these numbers only include plug-in models (PHEV).
Like most foreign automakers, Hyundai is struggling to keep up with the influx of low-cost electric models in China. Beijing Hyundai’s sales have been slipping since 2017. Through September, Korean automaker’s share of the Chinese market fell to just 1.2%.
According to local reports, Hyundai is partnering with other local tech companies like Thundersoft, a smart cockpit provider, and others in China to power up its next-gen EVs
With its first AI-powered EV launching next year, Hyundai hopes to turn things around in the region quickly. The new model will be one of five to launch in China through 2026.
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