Kia confirmed plans to launch new AWD and GT variants for its electric EV3 SUV. The EV3 is the first of Kia’s new low-cost EV lineup as it looks to challenge industry leaders.
It’s been almost a year since Kia first took the sheets off the EV3 during its first annual EV Day last October.
After opening orders this summer in Korea with prices starting at just $30,700 (KRW 42.08 million), Kia’s new electric SUV racked up over 10,000 reservations in 23 days. With incentives, Kia said the EV3 could be bought for under $30,000
Following the successful launch, Kia’s vice president, Jeong Won-Jeong, called the EV3 a “game changer” in its home market.
Last month, Kia opened EV3 orders in the UK. Starting at $42,300 (£32,995), Kia called it the “brand’s most affordable EV yet.” Like in Korea, the EV3 is offered in four trims: Air Standard Range, Air Long Range, GT-Line, and GT-Line S.
Based on Hyundai’s E-GMP platform with advanced new tech, the EV3 gets up to 372 miles (600 km) WLTP driving range. In Korea, it’s rated with up to 311 miles (501 km) range.
Kia EV3 (Source: Kia)
Powered by its fourth-gen (81.3 kWh) battery, the EV3 packs about 22% more energy density than its Niro EV.
Kia EV3 to gain AWD and GT variants
Kia confirmed plans to launch new AWD and GT variants on Wednesday, expanding the lineup beyond the current 2WD models.
The news comes after Kia sold over 4,000 EV3 models last month. Kia’s new electric SUV was a bright spot in August despite overall sales slipping in Korea (-4.1%) and overseas (-1.4%).
Kia EV3 interior (Source: Kia)
Kia is expected to launch the EV3 in the US early next year as it expands to new markets. Ahead of its official debut, the compact electric SUV has already been spotted testing on US streets.
The EV3 is expected to be among the most affordable electric options in the US, with prices around $30,000 to $35,000.
Kia EV3 GT-Line (Source: Kia)
With plans to build the EV3 at its Monterey plant in Mexico by the end of 2024, Kia could take advantage of the federal EV tax credit, enabling even lower starting prices.
At 4,300 mm long, 1,850 mm wide, and 1,560 mm tall, the EV3 is about the size of a Chevy Bolt EUV (4,306 mm length x 1,770 mm width x 1,616 mm x height).
Kia EV3 trim
Range (WLTP)
Starting Price
Air Standard Range
267 miles
$42,300 (£32,995)
Air Long Range
372 miles
$46,200 (£35,995)
GT-Line
347 miles
$50,750 (£39,495)
GT-Line S
347 miles
$55,300 (£42,995)
Kia EV3 range and price in the UK
After its second consecutive record-breaking sales month in the US, Kia is confident in the brand’s direction. The EV3 will join the EV6 and Kia’s new three-row EV9 as it looks to gain market share in the US.
Kia’s latest target is America’s leading EV brand. The company introduced a new Tesla Competitive Bonus Program this month, which offers up to $1,500 in savings for current Tesla drivers (see the details here).
Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.
In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.
If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.
With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?
Advertisement – scroll for more content
The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.
At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.
Previous versions of the Lectric XP e-bike line have seen sky-high sales
Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.
As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.
Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.
FTC: We use income earning auto affiliate links.More.
Logo of the Organization of the Petroleum Exporting Countries (OPEC)
Andrey Rudakov | Bloomberg | Getty Images
U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.
U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.
The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.
The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.
Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.
Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.
“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.
Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.
Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.
In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.
Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.
“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”
Advertisement – scroll for more content
Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.
“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”
The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.
The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”
Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.
Electrek’s Take
ComEd press conference at Chicago Drives Electric, 2024; by the author.