Hyundai unveils ‘new standard’ EV with 221 miles of range – it’s half the price of average electric car
ELECTRIC vehicle lovers are set to see a new model come on the market that promises to be kind to drivers’ pockets and puts pressure on competitors.
On June 27, Hyundai will unveil its new electric car, the Casper Electric which will be known as the Inster EV in Europe.
HyundaiHyundai’s new electric vehicle the Casper Electric will be unveiled on June 27[/caption]
AFPThe manufacturer has promised that its new vehicle will make waves in the EV market with new technology, standards, and prices[/caption]
It comes as the manufacturer sets its sights on offering drivers on lower budgets an affordable electric vehicle.
The Korean-based company has teased the upcoming release saying it will add more pressure to its competitors in the EV market.
Hyundai has called its Casper Electric the “new standard for popularizing electric vehicles,” according to Electrek.
The new vehicle is inspired by the Hyundai Casper which is gas-powered and priced around $15,000.
The EV’s 2021 inspiration is a four-door urban vehicle with a 1.0-liter gas engine.
While the electric version is set to cost more, Hyundai hopes that its low price compared to current EVs on the market will make electric vehicle ownership a reality for more drivers.
Though official pricing is yet to be released, the Casper Electric is thought to be priced under $27,000 (around 25,000 Euros).
It has been rumored to start at $21,500 (around 20,000 Euros including VAT) according to Inside EVs.
The average price of new electric vehicles costs Americans $55,353, according to figures by Kelley Blue Book.
As EV fans eagerly wait for the release of images and specifications for the new Hyundai, the manufacturer has already unveiled some details.
The vehicle will feature the manufacturer’s DRL headlights and will have pixelated turn signals like its IONIQ models, according to Electrek.
Meanwhile, the performance will see the European release have a range of up to 221 miles, or 355 kilometers.
The Inster will “set new standards” for the EV market in terms of range, safety, and technology, Hyundai has said.
Hyundai will officially debut the Inster EV at the Busan International Mobility Show on June 27.
After it is rolled out in Europe, an IONIQ model will be released later this year, according to Hyundai Europe CEO Michael Cole.
However, it is not known if the Casper Electric will be rolled out in the United States.
Electric vehicles vs gas
Pros and cons of EVs vs gasoline-powered vehicles
EV PROS:
Convenient (when charging at home)
Cheaper (depending on state or city)
Cheaper maintenance, due to lack of mechanical parts
Great for commuting
Reduced CO2 emissions
Federal and state tax incentives
More performance (speed, handling – depending on the make and model)
EV CONS:
Higher initial cost
Higher insurance rates
More frequent tire and brake replacement intervals
Higher curb weight (thus causing more rapid wear on crucial parts)
Low resale value
High depreciation rates
Lack of charging infrastructure
Unreliable public charging (related: slow charging times)
Poor winter and summer performance
Lack of clean energy alternatives means more “dirty energy” from coal and nuclear sources
Range anxiety
GAS PROS:
Highly developed refueling infrastructure
Fast refueling
Cheaper insurance rates, depending on make, model, and configuration
Established repair industry
Lower initial cost
Higher range before refueling, especially with hybrids
Many manufacturers produce nearly emission-less engines
Cheaper refueling, depending on the location
GAS CONS:
Finite resource (related: heavy dependence on petroleum)
Carbon emissions/greenhouse gases
Higher repair costs
Higher insurance rates, depending on make, model, and configuration
Varying costs at the pump, depending on state, city, and county
Source: Car & Driver, Perch Energy, AutoWeek
Meanwhile, Ferrari has unveiled a new electric vehicle which is set to have its own dedicated factory.
The Italian manufacturer’s $535,000 car will be its first EV and is set to be produced in late 2025.
“There is an increasing demand out there for Ferraris, and they have room to meet part of it without compromising exclusivity,” Fabio Caldato, a Ferrari shareholder, told Reuters.
As Ferrari sets its sights on the EV market, The U.S. Sun has previously reported on plans for a gravity-defying motorbike.
HyundaiFull details about the model and its performance specifications will be announced at the Busan International Mobility Show[/caption]
HyundaiThe vehicle promises to bring a futuristic vibe to the streets of Europe later this year[/caption]
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