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

The second-generation 2023 Kia Niro EV has a base price of $40,745, which is only $360 more than its predecessor.Unlike the first generation, the new electric Niro isn’t eligible for the $7500 federal EV tax credit due to new government legislation.Joining the base-level Wind trim is a $45,745 Wave model; both go on sale this month and will be sold in all 50 states.

With a starting price of $40,745, the redesigned 2023 Kia Niro EV is just $360 more expensive than the outgoing model. That’s the good news. The bad news is the electric Niro is no longer eligible for the $7500 EV tax credit from the U.S. government.

The Niro EV lost its rebate as a result of the Biden Administration’s Inflation Reduction Act, which makes any EVs built outside of North America ineligible for federal tax credits. This means that other electric vehicles that Kia assembles overseas, such as the new EV6, also are not eligible. The same goes for other automakers, too.

Along with the entry-level Wind, the Niro EV lineup includes the fancier Wave model that has a starting price of $45,745. Regardless of the trim level, every version has a 201-hp electric motor that powers the front wheels. Its one-size-fits-all battery pack has an EPA-estimated range of 253 miles, and we saw 210 miles on our 75-mph highway range test.

The 2023 Niro EV is scheduled to reach U.S. dealerships sometime this month. Unlike the first generation, the new electric will be sold in all 50 states.

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