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

• The 2nd-era 2023 Kia Niro EV has a base rate of $40,745, which is only $360 a lot more than its predecessor.
• Not like the first generation, the new electric powered Niro is just not suitable for the $7500 federal EV tax credit score owing to new authorities legislation.
• Signing up for the foundation-degree Wind trim is a $45,745 Wave model each go on sale this thirty day period and will be offered in all 50 states.

With a beginning price of $40,745, the redesigned 2023 Kia Niro EV is just $360 far more high priced than the outgoing model. That’s the very good news. The bad news is the electric powered Niro is no more time eligible for the $7500 EV tax credit history from the U.S. governing administration.

The Niro EV lost its rebate as a end result of the Biden Administration’s Inflation Reduction Act, which makes any EVs constructed outdoors of North The us ineligible for federal tax credits. This usually means that other electric powered motor vehicles that Kia assembles abroad, this kind of as the new EV6, also are not eligible. The same goes for other automakers, too.

Alongside with the entry-level Wind, the Niro EV lineup incorporates the fancier Wave product that has a commencing cost of $45,745. No matter of the trim stage, just about every version has a 201-hp electric powered motor that powers the entrance wheels. Its one-dimension-suits-all battery pack has an EPA-approximated vary of 253 miles, and we noticed 210 miles on our 75-mph highway variety take a look at.

The 2023 Niro EV is scheduled to attain U.S. dealerships someday this month. Contrary to the initially era, the new electrical will be bought in all 50 states.

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