Kia's Only American Market EV Gets A Price Hike

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Is it still worth it?

At the moment, there's only one Kia sold in the US that's fully-electric. That model is the Kia Niro EV. The redesigned Kia Soul EV isn't due to arrive in America until 2021. Although demand for EVs in the US is still relatively low, more automakers are jumping into the segment. Eventually, demand will increase and buyers will already have several great EVs to choose from.

As for the 2020 Kia Niro EV, it turns out it's receiving a slight price increase despite the fact it doesn't have any improvements in terms of features or range. Cars Direct has uncovered a dealership order guide showing the 2020 Niro EV will cost $590 more than last year despite not having any changes or upgrades.

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This means the base trim Niro EX will carry a starting price tag of $40,210 while the Niro EX Premium starts at $45,710. Both prices include the $1,120 destination fee. However, neither figure includes state and federal tax incentives. Unlike the Chevy Bolt and Tesla Model 3, the Niro EV is still eligible for the full $7,500 tax credit.

According to the EPA, the Niro EV is capable of traveling up to 239 miles on a single charge with a fuel economy rating of 112 MPGe. But here's the kicker: the Niro EV's corporate cousin, the 2020 Hyundai Kona Electric, is already on sale and has a starting price of $38,310.

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What's more, it can travel up to 258 miles on a single charge and has a 120 MPGe rating. Does Kia believe it can convince customers to pay an extra $1,900 for an EV with 19 miles of less range? That remains to be seen. Fortunately for Kia, the redesigned Soul EV can reportedly go up to 243 miles on a single charge but it's still too soon to know how much it'll cost.

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Source Credits: Cars Direct

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