That sounds awfully close to the $7,500 tax credit Kia doesn't yet qualify for.
Kia has announced that it will cull the cheapest addition to the EV6 range - the Light. That, in addition to a $1,000 price bump for the now-base Wind model, makes for a $7,100 price jump. That's almost exactly how much of the Inflation Reduction Act tax credit Kia is losing out on, despite its best efforts to the contrary.
As a result of the pricing and structure change to the EV6 lineup, which was recently topped off by the new GT trim, the base price of a Kia EV6 is now $49,795, which includes a $1,295 destination charge.
However, as CarsDirect points out, the actual price increase is theoretically more significant than that in some circumstances.
After the passing of the Inflation Reduction Act (IRA), Kia lost out on the $7,500 tax credit for the EV6. Factor that into the new trim level structure and pricing bump, and the price increase of an EV6 jumps to $14,600.
It explains why Kia and Hyundai are trying so hard to be held exempt from the new tax deduction structure put in place by President Biden's IRA. At the level the majority of consumers are purchasing cars, $7,500 is a lot of money, which will push buyers toward brands that produce vehicles that qualify for the tax cut.
"With strong sales and continued customer demand, the Wind RWD becomes the base EV6 for the 2023 model year, replacing the Light RWD. With just a $1,000 MSRP increase from last year, its greater range and sought-after standard features- leather seating surfaces with ventilated front seats, external and internal vehicle-to-load ports, a smart power liftgate, and a Meridian premium audio system - ensures the Wind RWD offers tremendous value for discerning EV buyers," said spokesperson James Hope.
Luckily for Kia, the hit is a temporary one. Come 2025, production of Kia EVs will begin in America, once again ensuring the brand is eligible for the $7,500 tax credit.