Is Hyundai set to introduce its most affordable electric vehicle in the American market, potentially shaking up the segment with a budget-friendly option? For its first outing in the United States, Hyundai’s compact Casper Electric subcompact crossover was spotted cruising down a domestic street. Will a budget-friendly electric vehicle debut in the US market?
Following the launch of pre-orders in July for its compact and affordably priced model, starting at a mere $23,000, the Hyundai Casper Electric has quickly become the automaker’s top-selling electric vehicle in Korea, with a staggering 31.5 million gained in pre-orders to date.
Hyundai expanded its compact SUV lineup with the introduction of a more affordable Casper Electric Premium model, priced from $20,000 (approximately 27.4 million KRW). Hyundai claims its newly launched compact electric SUV can now be purchased for as low as $7,300, thanks to government subsidies.
As Hyundai’s innovative electric vehicle gains popularity, customers are drawn to its impressive range capabilities and competitive starting price.
The Hyundai Kona Electric has been rated for up to 196 miles (315 km) of driving range in South Korea. In Europe, the miniature electric sport utility vehicle is known as the Innesto EV. The electric vehicle starts at a price point below $27,000 (approximately 25,000 euros) and boasts a WLTP-estimated range of up to 221 miles (355 kilometers), making it an attractive option for eco-conscious drivers.
Hyundai’s all-electric subcompact crossover, dubbed the Casper, is set to make its global debut in March 2023. Although there’s no official confirmation on a US release date yet, industry insiders suggest that the compact car could potentially enter the American market in the future, although details remain scarce at this time.
Unexpectedly spotted on California roads, the Hyundai Casper EV made its unofficial US debut, defying initial expectations of a non-US market release.
The first-ever sighting of the all-new Casper Electrical (InnerEV) is captured in a brand-new picture, showing the vehicle cruising down US streets for its maiden outing.
Hyundai unveiled its latest electric vehicle (EV), announcing a phased rollout that will begin with a Korean launch, followed by Europe, the Middle East, and Asia Pacific “at some stage.” Notably, the company did not provide a specific timeline for North American markets.
As Hyundai commences production at its massive Metplant America facility, it may capitalize on the compact electric SUV’s affordability by positioning it as one of the most budget-friendly EV options in the US market?
Hyundai Casper Electrical System Specifications (Source: Hyundai)
As Hyundai’s US plant ramps up production, it may strengthen its electric vehicle leadership in the US market. Will the Casper EV make a domestic debut as part of this strategy?
Hyundai reveals that its initial lineup of US-built electric vehicles (EVs) will be eligible for a partial $3,750 federal tax credit, pending qualification. Despite opening up the battery component, the system requires the fashion to be qualified for the full $7,500.
The latest 2025 Hyundai IONIQ 5, boasting enhanced features, a sleek new design, and an NCAP-validated charging system capable of connecting to Tesla’s vast Supercharger network, marked its maiden production run. Later this year, Hyundai will unveil its inaugural three-row electric SUV, the Ioniq 9. The Hyundai Kona Electric is expected to be built concurrently with the IONIQ 5 at General Motors’ (GA).
Should Hyundai bring the Casper EV to the American market? Are you considering investing in a new vehicle for under thirty grand? For a competitive compensation package of approximately $20,000 (inclusive of incentives)? Tell us within the feedback.
