With the Hyundai Ioniq heading to the grave, the number of affordable hybrid vehicles has gotten even smaller. But the 2023 Kia Niro is arriving to add another great option to the mix. Kia has just revealed pricing for the 2023 Niro Hybrid, with prices for the plug-in hybrid and EV still to come. The standard hybrid will come in just three flavors: LX, EX, and SX.

Pricing for the Niro LX starts at a reasonable $26,490 (plus a $1,295 destination fee), making it one of the most inexpensive hybrid vehicles on the market and the cheapest hybrid crossover available in the US. Toyota has yet to reveal pricing for the Corolla Cross Hybrid, but as of right now, the Niro is the budget winner.

All Niro models use a 1.6-liter four-cylinder engine paired with a 32-kW electric motor. The gasoline and electric combination delivers 139 horsepower and 195 lb-ft of torque going out to the front wheels through a six-speed dual-clutch transmission. Some buyers may ask why the Niro doesn't have all-wheel drive, but it's all in the name of efficiency. The EPA rates the Niro at 53/45/49 mpg city/highway/combined, which is not far off the Corolla Hybrid's 53/52/52 rating. Though the Corolla Cross Hybrid is more potent, we doubt it will match the efficiency of the Niro with AWD.

The Niro comes standard with a slew of safety features, including forward collision avoidance, blind spot warning, and rear cross traffic alert. Kia didn't detail what comes on the higher trim levels, but we do know the prices. The mid-level EX costs $29,090, while the top SX is $32,490. These two trims can be equipped with a Touring Package that includes styling upgrades.

Based on the previous generation, the PHEV will likely cost around $4,000 more than the HEV. The PHEV ups the output to 180 hp (thanks to an 83-hp electric motor) and adds an all-electric driving range of around 33 miles.

As for the Niro EV, it will likely be one of the most affordable electric vehicles when it arrives on the market based on the previous generation, which was available for under $40,000. This updated model packs a 64.8-kWh battery that will enable a driving range of 253 miles. It will produce 201 hp and 188 lb-ft of torque, the latter of which is lower than the outgoing model likely to improve efficiency and cost. Electrify America has even announced the Niro EV will come with 500 kWh of complimentary charging.

If they follow in the track of the HEV, the Niro PHEV and EV should be bargains in their respective segments.