Is Hyundai bringing its most affordable EV to the US? For the first time, Hyundai’s Casper Electric was spotted driving on US streets. Will the low-cost EV launch in the States?
After opening pre-orders for its smallest and most affordable in July, starting at just $23,000 (31.5 million won), the Casper Electric is already Hyundai’s best-selling EV in Korea.
Hyundai followed it up by launching an even cheaper Casper Electric Premium model, starting at $20,000 (27.4 million won). With subsidies, Hyundai said the new compact electric SUV is available for as little as $7,300 (10 million own).
According to Hyundai, buyers are flocking to the new EV thanks to its “ample driving range” and low starting price.
The Casper Electric is rated with up to 196 miles (315 km) driving range in Korea. In Europe, the mini electric SUV is known as the Inster EV. It starts at under $27,000 (25,000 euros) and has WLTP driving range of up to 221 miles (355 km)
“More money” is relative as doing long-term damage to a company is less profitable than one or two good quarters. It’s not as cut and dry as you think it is.