Do electric cars like the Kia Niro EV still have a chance now that the Standard Tesla Model 3 has arrived?
This question is popping up all over the internet. It makes perfect sense since Tesla finally launched the $35,000 base Model 3. Now, Tesla has an offering that comes in at a price point that's on par with just about every other small to midsize, mainstream, long-range EV on the U.S. market or coming soon. We're talking about the Chevrolet Bolt EV, Nissan LEAF Plus, Hyundai Kona Electric, and, of course, the Kia Niro EV. How is this going to play out?
This particular video focuses specifically on the Niro EV, but you can easily take the information and make your own decision about how the latter cars may fare. Thus far, nearly every review of the new Kia electric car have been widely positive. There have even been some outlets that have suggested choosing the crossover instead of the Tesla Model 3, mostly due to its significantly lower price (despite the fact that it's only available in limited markets and production is minimal). Now, those publications will have to write another article.
Sadly, we still don't have official U.S. pricing for the Niro EV. However, the similar Hyundai Kona Electric starts at $36,450. In its gas-powered configuration, the Niro costs $3,500 more than the Kona. So, it's safe to assume that the Niro EV should come in somewhere around the $40,000 mark. It qualifies for the full $7,500 EV tax credit, so, if you can take advantage of that, you're looking at a price around $33,000. The Tesla Model 3 starts at $35,000 plus destination. Through the end of June 2019, its potential credit is $3,750. All said, a base Model 3 will cost you $32,450. After June, you'll pay $36,200.
Let's not forget that some of the cars above -- like the Bolt and LEAF -- often come with huge discounts off MSRP. While some people have argued that this may be the case with the Niro EV, it's not looking so promising. We're already learning about significant markups to the Kona Electric due to demand. If demand plummets, however, the situation could change.
With all of this being said, check out Forrest's review of the Niro EV and his assessment of the situation. In addition, read some of our other Niro EV reviews. Then, let us know your thoughts overall.
Video Description via Forrest's Auto Reviews on YouTube:
Is Kia’ first LONG RANGE EV worth Tesla Model 3 Money?! | 2019 Kia Niro EV Review
Now that the base version of the Tesla Model 3 is available, does the Kona EV still stand a chance? Here is my review of Kia's first long range EV!