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Here's How Much the 2023 Hyundai Kona EV Cost



The Hyundai Kona quickly became one of the favorites in its category, and the subcompact Korean SUV's popularity hasn't stopped increasing yet. We can attribute the Kona's success to too many elements, but what makes the small SUV really stands out from the competition is the variety of models and powertrain it is offering. It is even available in the N version, which packs 276 hp and 289 lb-ft of torque which is very impressive. 


However, the variant we are most interested in today is the Kona EV. It is powered by a single motor producing 201 hp and 290 lb-ft of torque. The Kona EV can hit 100 km/h in less than 6.9 seconds which is quite fast for a vehicle of this category if you consider specific models a calendar for their performances to be measured. The Korean electric SUV is equipped with a 64.0 kWh battery pack which can store enough energy to give it 415 km of autonomy on a single charge. This is on the correct average side and more than enough for most people.


How much does it cost?


The Hyundai Kona EV is one of the least expensive electric vehicles on the market, with a base price of $46 950 for the Preferred trim and $52,050 for the Ultimate trim. Of course, this number does not include any government rebate and discount from the manufacturer of the dealer itself if such a thing does still exist today.


Depending on the province you live in, the Government incentive for the purchase of an electric vehicle can go anywhere from $5000 to $12 000, which can make a big difference at the end of the day. Or course, some of these rebates are applied before taxes, and others are applicable after taxes.


As an example, if you live in Quebec, the total amount for the Preferred version is $41,963 with taxes included. Without Government incentives, the total amount would be $53,963.


Savings don't stop there because electricity is a lot cheaper than gas in Canada. According to HydroQuébec, you can save around $1600 per year in the total cost of energy if you make an average of 20 000 km a year. And I am not even talking about the maintenance, which is far cheaper with an electric vehicle, especially over the course of several years.


If you look at the cost of the vehicle itself without any discount, it doesn't seem to be an excellent deal to go for an electric car. However, if you put everything in balance, it is far more interesting, especially on a long-term basis.


If you'd like to introduce yourself to the EV world, the 2023 Hyundai Kona is definitely one of the best options out there.


Jean-Sébastien Poudrier

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