From Torque News.

Hyundai just amazed everyone in the car industry by entering the $25,000 car frey with a new EV, called Inster. It’s som cute that even Clean Technica says "Hyundai Is Killing It With New INSTER Electric Vehicle." Hyundai probably caught many automotive executives off-guard with the 25,000-dollar-range Inster, which actually is expected to cost $26,000 but sadly not coming to the United States. At least yet.

Automotive News is reporting that the Inster will be priced below $26,000. So not only is Hyundai entering the fray for affordable EVs, but it’s doing it as at an extreme distance from the US — which is very much in need of affordable EVs.

Tesla is being wishy-washy on making a more affordable $25,000 “Model 2.” Ford is still trying to crack the code with its Silicon Valley-based skunkworks team. GM is promising cheaper EVs — like a $35,000 Chevy Equinox EV or an Ultium-based Chevy Bolt — but has yet to fully deliver. The Volvo EX30, another alleged $35,000 smallish EV, is delayed.

The Kia EV3 from Hyundai’s sister company is supposed to be coming in 2025, along with a few other affordable EVs. But the Inster won’t be among them. Like the Honda e before it, it’s a vehicle too tiny for America’s truck-shaped digestive system.

This is Armen Hareyan from Torque News. Please follow us at https://twitter.com/torquenewsauto on Twitter and https://www.torquenews.com/ for daily automotive news.

Reference
The Verge https://www.theverge.com/2024/6/27/24187409/hyundai-inster-small-ev-compact-price-specs-us
Automotive News https://www.autonews.com/cars-concepts/hyundai-inster-subcompact-crossover-enters-affordable-ev-market