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Miami Herald
27-05-2025
- Automotive
- Miami Herald
Hyundai Launches Unbeatable 2025 Kona Electric Lease Offer for May
If you've been wanting to make the switch to an electric vehicle, but have been trying to find an EV within your budget, you're in luck. Hyundai is offering a pretty slick lease deal on the 2025 Kona Electric for the month of May. Redesigned just last year, the Hyundai Kona Electric is one value-packed model, with a range up to 261 miles on a single charge, that makes it a great daily driver. With Hyundai's latest lease deal, the Kona Electric is available for as little as $189 per month for a 24-month lease term. The deal includes a $7,500 EV lease bonus, requires a down payment of $3,999 due at signing, and allows for up to 12,000 miles per year. Available from $32,975, the Hyundai Kona Electric is one of the more affordable EVs on the market, especially once you discount the automaker's $7,500 lease bonus. The all-electric crossover features up to 201 horsepower and four trim levels to choose from. In its base SE trim, the Kona Electric features a 12.3-inch touchscreen display and a 12.3-inch instrument cluster. Wireless Apple CarPlay and Android Auto come standard, as does Wi-Fi hotspot capability, and front and rear USB ports. The real meat of the 2025 Hyundai Kona Electric comes in the form of the N Line trim, a new addition to the range. The performance-inspired model rides on unique 19-inch wheels with restyled bumpers and side skirts. The Kona Electric N Line features a Bose premium audio system, a wireless device charging pad, and ambient lighting. Like all Hyundai vehicles, the Kona Electric comes equipped with a full suite of active safety systems. The range-topping Limited trim adds a sweet set of comfort and convenience features to the Kona Electric's spec sheet. Among the new additions are a heated steering wheel, ventilated front seats, and a hands-free smart liftgate with auto open. Like all Hyundai vehicles, the Kona Electric comes equipped with a full suite of active safety systems. Hyundai's lease deal on the 2025 Kona Electric appears to be a nationwide offer, with rates remaining the same regardless of location. On the offers page, the Chicago, Illinois area is listed as having a rate $20 higher per month, but viewing the details reveals the same deal as the rest of the country. The Hyundai Kona Electric is available in four trim levels, with the SE and SEL trims running you $189 and $209 per month, respectively. The sportier N Line model will cost you $229, while the range-topping Limited trim is available from as low as $259 per month. Regardless of trim level, the Kona Electric lease deal spans 24 months with $3,999 due at signing. You can also take advantage of Hyundai's $7,500 EV lease bonus, or, if you're a recent college graduate, you can apply another $400 towards your down payment. Active duty, veteran, and retired military personnel can receive $500 towards a Kona Electric lease. If you've been wanting to get behind the wheel of an EV, but couldn't afford to do so, now is your chance! The Hyundai Kona Electric lease deal runs through June 2nd, so you still have some time. The Kona Electric comes well-equipped, and considering the average price of a new EV, it's one of the most affordable models on the market. With four trim levels to choose from, you're bound to find a Kona Electric model that fits your needs and budget. Personally, I'd go for the N Line. While it costs a bit more to lease compared to the base trim, it comes with a unique look, upscale amenities, and a decent enough range to get me where I need to go. Lease offers can vary based on location, vehicle configuration (trims, options), and are subject to credit approval. Advertised monthly payments often don't include taxes, registration, and other potential fees. To get the full official details on the 2025 Hyundai Kona Electric lease offer, head on over to the official Hyundai website. *Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
Yahoo
02-05-2025
- Automotive
- Yahoo
Electric Vehicle Taxi Market Size to Uptrend USD 80.77 Bn by 2034
According to Towards Automotive, the global electric vehicle taxi market size is calculated at USD 25.17 billion in 2025 and is expected to reach around USD 80.77 billion by 2034, growing at a CAGR of 12.63% from 2024 to 2034. Ottawa, May 02, 2025 (GLOBE NEWSWIRE) -- The global electric vehicle taxi market size was valued at USD 24.59 billion in 2024 and is predicted to hit around USD 80.77 billion by 2034, a study published by Towards Automotive a sister firm of Precedence Research. Get All the Details in Our Solutions – Access Report Preview: Market Overview: The electric vehicle taxi sector is advancing quickly as part of the worldwide transition to sustainable transport. Electric taxis provide an environmentally friendly substitute for traditional fuel-powered taxis by decreasing carbon emissions, reducing noise pollution, and lowering long-term operational expenses. Governments in various nations are facilitating the use of EV taxis through incentives, tax advantages, and commitments to enhance charging infrastructure. Moreover, advancements in battery range, vehicle capabilities, and charging efficiency have made EVs more attractive for commercial taxi operations. Recent Product Innovations by Top Market Companies Sr. No. Name of the Company Name of the Model Name of the Brand Usage 1. BYD Auto Co., Ltd. e6 MPV BYD Electric taxi fleets and urban ride-sharing services D1 Electric MPV BYD Purpose-built for ride-hailing and taxi use 2. Hyundai Motor Company Ioniq 5 EV Hyundai Premium electric taxi services and sustainable urban mobility Kona Electric Hyundai Compact electric taxi solution for city operations 3. Tata Motors Limited Xpres-T EV Tata Xpres Dedicated electric sedan for fleet and taxi operators Tigor EV Tata Motors Entry-level electric vehicle for taxi aggregators Ride-hailing services and fleet operators are increasingly incorporating electric vehicles into their offerings to comply with environmental standards and meet customer demands. Although challenges like high initial investment and limited charging facilities exist in some regions, ongoing technological progress and supportive policies are gradually addressing these issues. As the urban population increases and sustainable transport becomes more critical, electric vehicle taxis are set to be pivotal in the future of urban mobility. Key Trends in the Electric Vehicle Taxi Market: Fleet Electrification by Major Mobility Companies: Leading ride-hailing firms are progressively converting their existing fleets into electric vehicles, motivated by sustainability objectives and regulations, thus accelerating global EV taxi adoption. Growth of Charging Infrastructure: The rapid establishment of fast-charging stations in urban and suburban locations is improving operational efficiency and motivating more taxi providers to shift to electric vehicles. Adoption of Smart Technologies: EV taxis are being fitted with telematics, route optimization, and AI-based maintenance systems that enhance driver efficiency and passenger experience while decreasing downtime and operating expenses. You can place an order or ask any questions, please feel free to contact us at sales@ Limitations & Challenges in Electric Vehicle Taxi Market: High Initial Investment: The cost of purchasing EVs remains a significant hurdle for taxi operators, even with potential long-term savings, hindering widespread acceptance in price-sensitive regions. Range Anxiety and Charging Downtime: A limited driving range and inadequate access to charging in specific areas affect operational consistency and lessen the attractiveness of EVs for extended taxi service. Concerns About Battery Degradation: Frequent charging and heavy daily utilization can accelerate battery deterioration, increasing concerns about long-term costs for fleet managers and influencing overall return on investment. Future Opportunity in the Electric Vehicle Taxi Market The electric vehicle taxi industry possesses significant opportunities with the increasing demand for sustainable urban transportation solutions. With heightened environmental consciousness, stricter emission standards, and enhanced government support for EV adoption, taxi fleets are well-positioned for electrification. Urban areas grappling with pollution and congestion challenges are particularly advocating for zero-emission transport, driving strong demand for electric taxis. Furthermore, advancements in battery technology and charging networks are improving operational practicality, while trends in shared mobility are increasing the call for efficient, economical EV taxis. Developing economies with fast-growing urban populations represent immense opportunities, providing considerable long-term growth potential for electric taxi operators. In April 2025, Tesla initiated trials for a ride-hailing service utilizing its Full Self-Driving (FSD) technology with its employees in Austin and the San Francisco Bay Area. This pilot initiative serves as a precursor to Tesla's upcoming robotaxi service, assisting in the refinement of vehicle dispatching and ride-request systems ahead of a wider launch anticipated for June 2025. Get the latest insights on automotive industry segmentation with our Annual Membership: Regional Analysis: Asia Pacific's Sustained Dominance in the Electric Vehicle Taxi Market Asia Pacific dominated the market with the largest market share, driven by strong government backing, a swiftly growing urban population, and the expansion of EV infrastructure. Key players such as China, India, and Japan are at the forefront of the switch to electric mobility, with significant adoption of EV taxis spurred by environmental regulations and cost-effectiveness. Top Asia Pacific Countries for Electric Vehicle Taxi Production China: China is at the forefront of electric taxi production in the Asia Pacific owing to substantial government subsidies, a large domestic EV industry, and a well-established charging network, particularly in major cities such as Beijing and Shanghai. India: India is swiftly expanding its electric taxi industry, propelled by both national and regional incentives, low operating costs, and increasing collaborations between fleet operators and EV manufacturers in cities like Delhi and Bangalore. Japan: Japan emphasizes unique electric taxi solutions featuring cutting-edge battery technology and integration of autonomous driving, underpinned by governmental initiatives aimed at carbon neutrality and smart urban mobility, particularly in Tokyo and Osaka. Furthermore, the increasing environmental consciousness and the demand for low-emission public transport options motivate fleet operators and governments alike to invest in EV taxis. With ongoing innovation, rising production capabilities, and a growing charging network, Asia Pacific continues to sustain its position in the market. In March 2024, BYD, a prominent electric vehicle manufacturer from China, unveiled a new fleet of electric taxis in Hong Kong, addressing the increasing demand for sustainable transport options in the area. The company's goal is to offer a cleaner choice compared to traditional taxis, aiding the city's initiative to cut carbon emissions. Elevate your automotive strategy with Towards Automotive. Enhance efficiency and drive better outcomes—schedule a call today: North America: The Fastest-Growing Region North America is expected to witness the fastest growth during the forecast period. This is mainly due to rising environmental concerns, favorable government policies, and a growing desire for sustainable urban transport. Major cities throughout the U.S. and Canada are endorsing electric mobility by providing incentives, tax breaks, and enhancing EV charging networks. Many ride-hailing companies are transforming their fleets into electric models in order to fulfill emission reduction objectives. Advances in technology and the presence of leading EV manufacturers are further driving market growth. In November 2023, Revel, an electric vehicle rideshare platform operating in New York City, redirected its focus towards electric vehicle taxi services. The company terminated its electric moped program and now manages a fleet of over 500 electric vehicles. Revel also intends to expand its EV charging stations, aiming to add 200 additional chargers by 2025. Major Factors for the Electric Vehicle Taxi Market's Expansion in North America: North America enjoys robust governmental support, including tax incentives, subsidies, and grants for EV taxis, encouraging fleet operators to switch to electric vehicles and achieve sustainability targets. Stringent environmental laws in North American urban centers, aiming to lower carbon emissions and enhance air quality, are forcing taxi operators to incorporate electric vehicles, thereby propelling the growth of the EV taxi market. The ongoing development of EV charging networks in North America, particularly in city areas, facilitates the uninterrupted operation of electric taxi fleets. Segment Outlook Range Insights The short-range EV taxis segment dominated the electric vehicle taxi market with the largest share in 2024, primarily due to their extensive use in urban settings where daily travel distances are typically short. These taxis are favored for city commutes because they are cost-effective, require simpler battery upkeep, and offer faster charging times. With strong backing from local policies and a growing trend towards electrification in city fleets, short-range electric vehicles continue to be highly preferred in densely populated areas. The long-range EV taxis segment is projected to grow at a significant rate during the forecast period. The growth of the segment can be attributed to improvements in battery technology and a rising demand for travel solutions between cities. These vehicles provide longer driving distances on a single charge, making them ideal for suburban and rural services. Government incentives for electric vehicles and the development of high-speed charging infrastructure are further boosting the adoption of long-range electric taxis over wider geographical regions. Ownership Model Insights The company-owned segment dominated the electric vehicle taxi market with the largest share in 2024 due to its operational effectiveness and centralized management of fleets. Ride-hailing companies and taxi service providers favor company ownership for better oversight of vehicle maintenance, brand consistency, and scheduling. This model facilitates the seamless integration of electric vehicles into fleets and encourages investments in infrastructure like private charging facilities, which enhances reliability and uniformity in service standards across urban and metropolitan taxi services. The individually owned segment is expected to grow at the fastest rate during the projection period. Government incentives and financing options for electric vehicles enable independent drivers to acquire electric taxis. With reduced operational expenses and increasing environmental consciousness, more taxi drivers are switching to electric models. This flexible ownership gives drivers independence regarding routes and schedules while aiding in the market's decentralization. The rising popularity of ridesharing further bolsters segmental growth. Browse More Insights of Towards Automotive: Moto Taxi Service Market: Water Taxi Market: In-Taxi Digital Signage Market: Europe Electric Vehicle Market: U.S. Electric Vehicle Market: India Electric Vehicle Adhesive Market: Micro Electric Vehicles Market: United Kingdom Electric Vehicle Adhesive Market: Heavy-Duty Autonomous Vehicles Market: Electric Vehicle Battery Thermal Management System Market: Competitive Landscape Zoox Hyundai General Motors Volkswagen Tesla BMW Mercedes-Benz Chanje Rivian Nissan Kia BYD Ford Workhorse Group Recent Breakthroughs in the Electric Vehicle Taxi Market In April 2025, Uber and Volkswagen announced their collaboration to introduce autonomous, all-electric ID. Buzz minivans into Uber's ride-hailing service. The initiative is set to kick off in Los Angeles, with testing slated for 2025 and a commercial launch expected in 2026. This partnership signifies a major advancement toward autonomous and environmentally friendly urban mobility solutions in North America. In April 2025, Sarla Aviation announced a plan to launch Electric Air Taxi Services in Mumbai and Delhi. In April 2024, the Indian company WTicabs revealed intentions to add 1,000 electric vehicles to its fleet as part of a sustainability effort. This initiative aims to expand into tier II cities in India and international markets, including Saudi Arabia and Southeast Asia, meeting the increasing demand for eco-friendly corporate transportation services in business centers. Segments Covered in the Report By Vehicle Battery electric vehicles (BEVs) Hybrid electric vehicles (HEVs) Plug-in hybrid electric vehicles (PHEVs) By Range Short-range EV Taxis Long-range EV Taxis By Ownership Model Company-owned Individually-owned By Region North America Europe Asia Pacific Latin America Middle East and Africa For pricing details and customized market report options, click here: You can place an order or ask any questions, please feel free to contact us at sales@ Subscribe to our Annual Membership and gain access to the latest insights and statistics in the automotive industry. Stay updated on automotive industry segmentation with detailed reports, market trends, and expert analysis tailored to your needs. Stay ahead of the competition with valuable resources and strategic recommendations. Join today to unlock a wealth of knowledge and opportunities in the dynamic world of automotive: Get a Subscription About Us Towards Automotive is a premier research firm specializing in the automotive industry. Our experienced team provides comprehensive reports on market trends, technology, and consumer behaviour. We offer tailored research services for global corporations and start-ups, helping them navigate the complex automotive landscape. With a focus on accuracy and integrity, we empower clients with data-driven insights to make informed decisions and stay competitive. Join us on this revolutionary journey as we work together as a strategic partner to reinvent your success in this ever-changing automotive world. 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Yahoo
28-04-2025
- Automotive
- Yahoo
Hyundai announces game-changing update to critical electric vehicle feature: 'It might save me in a pinch'
Drivers can now charge their Hyundai electric vehicles at Tesla Superchargers. Hyundai EV owners have access to approximately 20,000 more fast-charging networks to support longer drives and more convenient travel. As Teslarati reported, Hyundai is one of the latest brands to gain access to Tesla chargers. While Tesla sales have suffered in 2025 amid increased competition in the EV market and backlash in response to CEO Elon Musk's political involvement, its Superchargers set the standard. Now, Kona Electric, Ioniq hatchback, Ioniq 5, Ioniq 5 N, and Ioniq 6 owners can use Tesla Superchargers via complimentary CCS-to-NACS adaptors that Hyundai provides. "Starting today, more Hyundai EV customers will have access to 20,000 Tesla Superchargers across North America, doubling their fast-charging options," said Olabisi Boyle, Hyundai North America's SVP of product planning and mobility strategy. "This move improves the public charging experience by giving our customers even more choice. It's a vital part of our commitment to ease America's transition to electric vehicle ownership." This news from Hyundai is promising because it encourages the widespread adoption of EVs in the United States. There is also talk of Hyundai EV drivers in Canada being granted access to Tesla Superchargers in the near future. Hyundai's EV sales have risen 13%, and in late 2024, the automaker became the first to introduce a native NACS port with its Ioniq 5. Meanwhile, other EV brands have also become compatible with Tesla Superchargers. Among these are Volvo, Mercedes-Benz, Lucid, Rivian, and Ford. Greater access to EV charging stations can reduce range anxiety among EV drivers and make driving an EV safer, more reliable, and more enjoyable. Expanded EV charging networks give EV owners peace of mind on long-distance drives and road trips. This expansion also supports our world's clean energy transition and helps reduce harmful air pollution from the tailpipes of gas-powered vehicles. In addition to less pollution in the air we breathe, fewer emissions contribute to a cooler planet and reduce drivers' reliance on dirty energy sources like gas and oil. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Eligible Hyundai EV owners can learn more about getting their free adapters on the Hyundai website, by contacting the brand online, or by phone at 800-633-5151. In response to a Reddit post to r/electricvehicles sharing the Hyundai news, one social media user commented, "It might save me in a pinch when [it] comes to some of my middle of nowhere travel." 'It's good to have more options," another Redditor wrote. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Telegraph
24-03-2025
- Automotive
- Telegraph
Should we keep our electric car at the end of its PCP deal?
Dear Alex, We got an electric Hyundai Kona three years ago on a four-year PCP contract. We love the car, but in the next year we will have to decide whether to buy it or walk away. I had thought to keep it, but a few weeks ago the dealer told us that at the four-year service the battery box will need changing at a cost of £700. Until this call, I was happy to keep the car, but now I am not so sure because of the balloon payment at the end of the contract and the extra £700. What should we do? – PF Dear PF, I have to admit I'm somewhat stumped by what the dealer has told you. I can't think what they might mean by the 'battery box'. I unearthed a copy of Hyundai's service schedule for the Kona Electric, but there's no mention of anything that sounds like a battery box. They can't mean the main traction battery pack itself, because that would cost 10 times as much (and wouldn't need replacing as a matter of course) – and they can't mean the 12-volt battery, as that would be much cheaper. I suggest calling the dealer – or perhaps Hyundai's Customer Care line – to clarify what they mean, why it needs replacing and whether it's totally necessary. It could be a misunderstanding and it might be that you won't have to fork out the £700 after all. Either way, I'd still say you should pay the balloon payment rather than give the car back. It's almost always the case that keeping the car makes more sense financially. The balloon payment is also called the minimum guaranteed future value, or MGFV. As its name suggests, finance companies arrive at this figure by working out the absolute minimum a car will be worth at the end of its term. Then, to ensure that they don't lose money on the deal, your monthly payments are effectively paying the depreciation down to that figure. But the car probably won't have depreciated by that much. It will probably be worth more, because it won't have reached the minimum possible value unless something catastrophic has happened to the used car market. In essence, your monthly PCP payments are effectively overpaying the depreciation and building a small chunk of equity in the car. The only way to get that equity back is to pay the balloon payment and keep the Kona. Otherwise, if you give the car back, the finance company keeps it as profit, on top of what they've already made on the interest on your monthly payments. That's why they love PCPs! Even if you don't want to keep the car, it almost always makes sense to pay the balloon payment then sell the car, rather than giving it back. You'll almost certainly get more for it than you've spent on the MGFV; what's more, the difference between those two figures goes into your pocket, rather than the finance company's. Is it still worth doing even if you have had to spend £700 on it? I should think so – because that difference between the MGFV and the car's value will probably be greater. If you're still not sure, though, you can work it out by looking at how much Konas like yours (of similar age and mileage) are selling for on used car sites such as Auto Trader. If the answer is 'much more than the MGFV figure', as I suspect it will be, then your best bet is to keep the car.
Yahoo
13-02-2025
- Automotive
- Yahoo
4 Electric Vehicles That Last Longer Than You Think and Are Worth the Money
Since EVs still have a higher upfront cost than traditional gas vehicles, the longer you have to recoup those costs, the more value you'll get out of going electric. The good news is that many EVs serve their drivers for more years and more miles than their gas-fueled counterparts — so you could end up saving money in the long run. Discover More: Find Out: 4 Low-Risk Ways To Build Your Savings in 2025 Kelley Blue Book (KBB) wrote, 'An electric car will last as long as a car with an internal combustion engine (ICE), if not longer, because electric vehicles (EVs) don't have all the mechanical components of an ICE vehicle. In other words, there are more things that can wear out or go wrong in an ICE car than in an EV.' With that in mind, some electric cars are known for longevity that's impressive even by EV standards. Consider these high-value models if you're thinking of leaving gas behind. Starting MSRP: $32,875 The Kona Electric is a small SUV with big power and a long range — up to 201 horsepower and 261 miles on a full charge. It isn't eligible for the federal EV tax credit, but Hyundai is currently offering the same amount — up to $7,500 — in cash savings, which knocks its starting price down to the mid-$20,000s with the market's most affordable EVs. Not only does it get excellent reviews from the likes of Car and Driver, Motor Trend and Edmunds, but it's built to last. St. Charles Hyundai said the automaker's 10-year, 100,000-mile limited powertrain warranty — two years more than the standard eight — 'covers most of the vital engine components.' However, most owners can expect to double that or more. With proper maintenance, the typical Kona will last between 200,000 and 250,000 miles, or 13 to 17 years for the average driver covering around 15,000 miles annually. For You: Starting MSRP: $74,990 The Tesla Model 3 starts in the low $40,000s, but if you have the means to upgrade, you'll get more miles and a longer life from the Model S. Tesla covers its basic rear-wheel drive Model 3 and Model Y trims with the industry-standard eight-year, 100,000-mile warranty. For higher-end packages, the covered lifespan jumps to 120,000 miles. But those who upgrade to the Model S, Model X or Cybertruck are covered for up to 150,000 miles with a guaranteed minimum of 70% battery retention over the life of the warranty. The Model X is more expensive, and the Cybertruck is a highly specialized vehicle that's been plagued with recalls and reliability issues since its rollout. That makes the Model S the logical choice in that price range for most, especially since it's eligible for the $7,500 federal tax credit. Like Hyundai's 10-year guarantee, Tesla's 150,000-mile warranty earned a place on CarEdge's 'Best Electric Vehicle Battery Warranties in 2024' list. Starting MSRP: $42,600 A sleek and powerful four-door, the Kia EV6 can generate up to 576 horsepower, depending on the trim, and take you 310 miles on a full charge. According to Pride Kia of Lynn, the all-electric EV6 crossover is not eligible for a federal tax credit if you purchase or finance one, but you'll get the full $7,500 if you choose to lease. The EV6 has wowed the critics, who rave about its performance, handling, style, tech and fast-charging capacity — it can jump from 10% to 80% in just 18 minutes. Car and Driver gives it 9.5 out of 10. It earned a perfect five stars from Car magazine. Another benefit is its longevity. According to CoPilot, 'The standard mileage for the Kia EV6 is 300,000-500,000 miles. Thus, we'd say high mileage for the Kia EV6 is anywhere around 300,000 miles.' Starting MSRP: $62,995 For nearly half a century, America's best-selling car has been a truck — and it was the vaunted Ford F-150 that ushered in the era of electric pickups. Publications like Car and Driver give the Ford F-150 Lightning a near-perfect rating, both as a job-site workhorse and a comfortable commuter vehicle, citing its power, versatility and close familiarity to its legendary gas-powered counterpart. Its warranty covers the standard eight years or 100,000 miles, but many F-150 Lightnings will double that service life or better when well maintained. CoPilot wrote, 'Since the typical mileage for the machine is close to 300,000 miles, we'd place high mileage for the Ford F-150 Lightning around 250,000 miles.' More From GOBankingRates 5 Subtly Genius Moves All Wealthy People Make With Their Money4 Unusual Ways To Make Extra Money That Actually WorkThis article originally appeared on 4 Electric Vehicles That Last Longer Than You Think and Are Worth the Money
