Kia’s $30,000 EV3 gets even cheaper in Korea through its new E-Value program

After launching a new E-Value program in its home market, Kia’s new EV3 is now even more affordable. Starting at just over $30,000, the EV3 is one of the cheapest EVs on the market, but through its latest offer, Kia says the EV3 can be bought for as little as $67 per month.

Kia opened EV3 orders in Korea in June, with prices starting at $30,700 (KRW 42.08 million). With government incentives, Kia said the EV3 can be bought for under $30,000 (KRW 39.95 million).

The EV3 is Kia’s third dedicated EV, following the EV6 and EV9. It’s also the first of its new mass-market EV lineup, unveiled last October.

Kia’s new E-Value offer allows you to buy the all-electric EV3 SUV for as little as $67 per month in Korea.

According to Kia, the E-Value program is designed to “lower the entry barrier to electric vehicle purchases. ” It allows buyers to defer up to 60% of the purchase price when they pay a down payment of 1% or more with a Hyundai Card M series.

Buyers get a low interest rate of 4.2% for 36 months, and Kia also guarantees 60% of the residual value of a used car when purchasing a new one at maturity.

Kia’s EV3 is among the cheapest EV options available

Kia said if the down payment is 39% and the grace period is 60%, the monthly payment for the EV3 would be $67 (KRW 90,000).

The offer is also available for the new Ray EV at $45 (KRW 60,000) per month and EV6 for $89 (KRW 120,000) a month.

Kia is also offering an “ultra-low” interest rate program on all EVs: 0.9% for up to 48 months and 2.9% for 60 months.

Kia’s compact electric SUV features its latest tech and design style, as shown in the flagship EV9, but in a smaller, more affordable package.

Based on Hyundai’s E-GMP platform and its fourth-gen batteries, the EV3 has a driving range of up to 375 miles (605 km) in Korea. It can also fast charge (10% to 80%) in about 30 minutes with a 350 kW charger.

Kia’s EV3 starts at around $42,300 (£32,995) in the UK as one of the most affordable options on the market. In Europe, the EV3 gets up to 372 miles (599 km) WLTP range.

The EV3 is expected to launch in the US with starting prices in the $30,000 to $35,000 range. According to TheKoreanCarBlog, Kia plans to begin EV3 production in Mexico by the end of the year. With a potential tax credit, EV3 prices could fall under $30,000.

Next year, Kia will launch the EV4, its take on a mass-market electric sedan. Prices are expected to start at around $35,000.