Hyundai’s new low-cost Casper EV can now be leased for less than $8 a day. Through its new “Battery Care Lease” plan, Hyundai’s new electric SUV is even cheaper to drive than the gas-powered model.
Last month, Hyundai made a statement after opening pre-orders for its new Casper Electric in Korea, starting at just $23,000 (31.5 million won).
With incentives, Hyundai said the Casper EV can be bought for as little as $14,500 (20 million won). Now, the Korean automaker is making it even more affordable for buyers in its home market.
Hyundai launched a new Battery Care Lease plan exclusively for the new Casper EV. The new program, a first in Korea, reduces lease prices by reflecting the residual battery of the vehicle.
When leasing the new EV, drivers can check the battery status, charging and driving habits, and more through the Hyundai Capital App.
Hyundai Capital will pay drivers $225 (300,000 won) after the lease ends if the battery meets certain standards to encourage safe and efficient driving.
Hyundai Casper Electric (Source: Hyundai)
Hyundai’s new Casper EV gets even more affordable
Hyundai estimates the average lifespan of Casper Electric models to be ten years and will cover the remaining value through “advance purchases.”
Casper Electric customers who lease the car for five years will receive a discount equal to the battery price when the vehicle is scrapped after ten years.
Hyundai Casper Electric (Source: Hyundai)
Hyundai said the Casper EV can be leased for less than $7.50 (10,000 won) per day, which is even cheaper than the gas-powered model.
A five-year lease for a gas-powered (1.0T Inspiration) Casper model is around $215 (KRW 287,000) per month. Hyundai’s Casper EV with the battery care lease plan is around $205 (KRW 273,000) per month.
Hyundai Casper EV interior (Source: Hyundai)
The new lease offer will “help relieve customer anxiety about batteries and lower the initial price burden of electric vehicles,” a Hyundai Motor Company official said.
Hyundai launched the program after a battery fire caused a stir in Korea. Hyundai and other automakers have released battery supply information and taken other measures to ease concerns.
The Casper EV will be called the Inster EV in Europe. It gets up to 221 miles (225 km) WLTP range, starting under $27,000 (25,000 euros).
FTC: We use income earning auto affiliate links.More.
Fueled by incentives from the Illinois EPA and the state’s largest utility company, new EV registrations nearly quadrupled the 12% first-quarter increase in EV registrations nationally – and there are no signs the state is slowing down.
Despite the dramatic slowdown of Tesla’s US deliveries, sales of electric vehicles overall have perked up in recent months, with Illinois’ EV adoption rate well above the Q1 uptick nationally. Crain’s Chicago Business reports that the number of new EVs registered across the state totaled 9,821 January through March, compared with “just” 6,535 EVs registered in the state during the same period in 2024.
At the same time, the state’s largest utility, ComEd, launched a $90 million EV incentive program featuring a new Point of Purchase initiative to deliver instant discounts to qualifying business and public sector customers who make the switch to electric vehicles. That program has driven a surge in Class 3-6 medium duty commercial EVs, which are eligible fro $20-30,000 in utility rebates on top of federal tax credits and other incentives (Class 1-2 EVs are eligible for up to $7,500).
The electric construction equipment experts at XCMG just released a new, 25 ton electric crawler excavator ahead of bauma 2025 – and they have their eye on the global urban construction, mine operations, and logistical material handling markets.
Powered by a high-capacity 400 kWh lithium iron phosphate battery capable of delivering up to 8 hours of continuous operation, the XE215EV electric excavator promises uninterrupted operation at a lower cost of ownership and with even less downtime than its diesel counterparts.
XCMG showed off its latest electric equipment at the December 2024 bauma China, including an updated version of its of its 85-ton autonomous electric mining truck that features a fully cab-less design – meaning there isn’t even a place for an operator to sit, let alone operate. And that’s too bad, because what operator wouldn’t want to experience an electric truck putting down 1070 hp more than 16,000 lb-ft of torque!?
Easy in, easy out
XCMG battery swap crane; via Etrucks New Zealand.
The best part? All of the company’s heavy equipment assets – from excavators to terminal tractors to dump trucks and wheel loaders – all use the same 400 kWh BYD battery packs, Milwaukee tool style. That means an equipment fleet can utilize x number of vehicles with a fraction of the total battery capacity and material needs of other asset brands. That’s not just a smart use of limited materials, it’s a smarter use of energy.
As “extreme” weather events become more commonplace, the demand for reliable and portable energy continues to rise. In response to that growing demand for dependable off-grid power, Volvo has developed the new PU500 Battery Energy Storage System (BESS) designed to take electrical power when it’s needed most.
Designed to be deployable in a number of environments at a moment’s notice, the Volvo Energy PU500 BESS is equipped with approximately 500 kWh of usable battery capacity (up to 540 kWh total). More than enough juice, in other words, to power a remote construction site, disaster response effort, or even a music festival – anything that needs access to reliable electricity beyond a grid connection.
That’s great, but what sets the PU500 apart from other battery storage solutions is its integrated 240 kW DC fast charger.
“With an integrated CCS2 charger, the PU500 is designed to work with all brands of electric equipment, trucks, and passenger cars,” says Niklas Thulin, Head of BESS Product Offer at Volvo Energy. “This ensures that no matter what type of electric vehicle or machinery you rely on, the PU500 can provide the power you need, making it a truly flexible solution for any grid constrained site or location.”
Advertisement – scroll for more content
The integrated charger in the PU500 has the impressive ability to charge a heavy equipment asset (be that an electric semi truck or something like a wheel loader) in under two hours. Its on-board capacity allows to fully recharge up to 3 electric HD trucks or 20 electric cars per day, making it an incredibly versatile disaster response asset.