2023 Kia Niro EV Starts at $40K, Loses $7500 Federal Tax Credit

Raymond S. Hughes

  • The second-era 2023 Kia Niro EV has a base cost of $40,745, which is only $360 additional than its predecessor.
  • Contrary to the to start with era, the new electrical Niro is just not eligible for the $7500 federal EV tax credit score due to new federal government laws.
  • Becoming a member of the foundation-degree Wind trim is a $45,745 Wave design both of those go on sale this month and will be offered in all 50 states.

With a setting up price tag of $40,745, the redesigned 2023 Kia Niro EV is just $360 a lot more high-priced than the outgoing design. That’s the excellent information. The negative news is the electric powered Niro is no for a longer time eligible for the $7500 EV tax credit rating from the U.S. government.

The Niro EV misplaced its rebate as a final result of the Biden Administration’s Inflation Reduction Act, which will make any EVs constructed outdoors of North The usa ineligible for federal tax credits. This indicates that other electric powered motor vehicles that Kia assembles overseas, such as the new EV6, also are not suitable. The exact same goes for other automakers, way too.

Alongside with the entry-level Wind, the Niro EV lineup consists of the fancier Wave product that has a starting off selling price of $45,745. Regardless of the trim degree, every version has a 201-hp electric powered motor that powers the front wheels. Its one-measurement-fits-all battery pack has an EPA-approximated assortment of 253 miles, and we observed 210 miles on our 75-mph freeway vary exam.

The 2023 Niro EV is scheduled to arrive at U.S. dealerships someday this month. Not like the 1st technology, the new electric powered will be marketed in all 50 states.

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This written content is imported from OpenWeb. You may well be capable to find the similar information in a further structure, or you may be ready to uncover a lot more information, at their net web site.

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