The new Hyundai Casper EV has a sticker price of just $23,000 (31.5 million won) in Korea. After government incentives, Hyundai’s compact electric SUV can be bought for as little as $17,000 (23 million won). Is the low price tag worth it?
Hyundai opened pre-orders for the Casper EV (Inster EV in Europe) in its home market, starting at just $23,000 (31.5 million won) last month.
The Casper EV is the “new standard for popularizing electric vehicles,” according to Hyundai. Hyundai designed the mini electric SUV for young drivers looking for affordable EV options.
“We have prepared the Casper Electric with unrivaled product competitiveness and reasonable price” to meet demand, Hyundai explained.
Like the new 2024 Kona Electric, the Casper EV is a significant upgrade from the gas-powered model. It includes new design elements like Hyundai’s signature DRLs, pixelated turn signals, and a closed grille.
Hyundai’s electric SUV gets up to 196 miles (315 km) driving range in Korea, topping the new Kia Ray EV by about 62 miles (100 km). The Casper EV can also fast charge (10% to 80%) in 30 mins.
Is the Hyundai Casper EV worth the low price?
To test it out, The Korea JoongAng Daily took the Casper Electric on a 37-mile (60 km) trip across Gyeonggi, South Korea.
The reporter first noted that Hyundai’s “cute and funky” electric SUV reminded them of a toy car you would find in cartoons.
The Casper EV offers a more spacious interior with more second-row and trunk room than the gas-powered model. Hyundai extended the wheelbase by about 7″ (180 mm).
Although the electric model includes a dual 10.25″ infotainment and driver display setup, it lacks some basic features. The Casper EV lacks a center console, which could be seen as a positive with a more minimalist feel.
The report also mentions interior design elements, like fabric and plastic, are “far from high quality or trend.” Given the Hyundai Casper EV’s low price tag, this is as expected.
Another big thing to note is the lack of wireless phone connection. To connect, drivers must have a USB cable.
Meanwhile, the report did highlight a few things that exceeded expectations. For one, the drive was softer than expected, even with heavy rain. The electric SUV didn’t shake or vibrate when it had to accelerate quickly.
If you happen to go over the speed limit, the car warns you with a red light on the dash. It will also remind you if you get too close to the vehicle in front of you. Both are helpful features for younger drivers.
The Casper EV is equipped with the world’s first Pedal Misapplication Safety Assist (PMSA) system. The system will take control of the vehicle if the accelerator is fully pressed for a quarter of a second with an object detected within 3′ 3″ (1 meter).
In the end, the report claims “you get what you pay for” with Hyundai’s new Casper EV. At 3,825 mm long, the Casper Electric is even smaller than the Chevy Bolt EV (4,145 mm).
In Europe, the mini electric SUV will go by the Inster EV. It gets up to 221 miles (255 km) WLTP range with starting prices under $27,000 (25,000 euros).
Would you buy Hyundai’s mini electric SUV for under $30,000? What about under $20,000? Let us know in the comments.
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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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