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

  • The second-technology 2023 Kia Niro EV has a foundation price tag of $40,745, which is only $360 a lot more than its predecessor.
  • Not like the very first generation, the new electric powered Niro isn’t really eligible for the $7500 federal EV tax credit because of to new governing administration laws.
  • Signing up for the foundation-degree Wind trim is a $45,745 Wave model both equally go on sale this thirty day period and will be marketed in all 50 states.

With a setting up price of $40,745, the redesigned 2023 Kia Niro EV is just $360 additional highly-priced than the outgoing product. Which is the great news. The lousy information is the electrical Niro is no for a longer period qualified for the $7500 EV tax credit from the U.S. federal government.

The Niro EV misplaced its rebate as a result of the Biden Administration’s Inflation Reduction Act, which helps make any EVs developed exterior of North The united states ineligible for federal tax credits. This indicates that other electrical cars that Kia assembles abroad, these types of as the new EV6, also are not suitable. The exact same goes for other automakers, too.

Together with the entry-stage Wind, the Niro EV lineup incorporates the fancier Wave model that has a commencing price tag of $45,745. No matter of the trim amount, each and every edition has a 201-hp electrical motor that powers the front wheels. Its one-dimension-suits-all battery pack has an EPA-approximated selection of 253 miles, and we observed 210 miles on our 75-mph freeway array check.

The 2023 Niro EV is scheduled to reach U.S. dealerships sometime this thirty day period. Not like the 1st generation, the new electric will be offered in all 50 states.

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