Summary
- Kia’s new EV3 is now more affordable with the new E-Value program, starting at just over $30,000
- The EV3 is Kia’s third dedicated EV and can be bought for as little as $67 per month in Korea
- The E-Value program aims to lower the entry barrier to purchasing electric vehicles
- Kia also offers an ultra-low interest rate program on all EVs, as well as other affordable options such as the Ray EV and EV6
- The EV3 is based on Hyundai’s E-GMP platform, has a driving range of up to 375 miles in Korea, and is expected to launch in the US with prices in the $30,000 to $35,000 range
Article
Kia recently launched a new E-Value program in its home market, making their new EV3 even more affordable. The EV3, starting at just over $30,000, is now available for purchase for as little as $67 per month through this program. The E-Value offer aims to lower the barrier to electric vehicle ownership, allowing buyers to defer up to 60% of the purchase price with a down payment of 1% or more.
The EV3 is Kia’s third dedicated electric vehicle and the first in their new mass-market EV lineup. It is based on Hyundai’s E-GMP platform and features fourth-gen batteries, providing a driving range of up to 375 miles in Korea. The compact electric SUV also boasts fast charging capabilities, reaching 10% to 80% in about 30 minutes with a 350 kW charger. In the UK, the EV3 starts at around $42,300 (£32,995) and offers up to 372 miles WLTP range in Europe.
Kia’s E-Value program extends to other electric vehicle models as well, such as the Ray EV and EV6, offering monthly payments as low as $45 and $89, respectively. In addition to the low monthly payment option for the EV3, Kia is also offering an “ultra-low” interest rate program on all EVs, with rates as low as 0.9% for up to 48 months and 2.9% for 60 months, making electric vehicle ownership more accessible to consumers.
The EV3 is expected to launch in the US with prices ranging between $30,000 to $35,000, with potential production in Mexico by the end of the year. With the possibility of tax credits, the EV3 could be available for under $30,000 in the US market. Looking ahead, Kia plans to introduce the EV4 next year, a mass-market electric sedan with an expected starting price of around $35,000.
Overall, Kia’s E-Value program and the affordability of the EV3 make it an appealing option for consumers looking to purchase an electric vehicle. With its competitive pricing, advanced technology, and impressive driving range, the EV3 is poised to make a significant impact in the electric vehicle market. As Kia continues to expand its electric vehicle lineup and offer attractive incentives, more consumers may be encouraged to make the switch to electric vehicles and contribute to a more sustainable future.
Read the full article here
