Beginning in Jan 2024, the US government $7500 incentive for PHEV/BEV is planned to be offered as a POS discount. Applied to current Niro and Sportage pricing structure.
Without discount/ with discount
2022 Niro top trim
HEV $34790
PHEV $36490/$28990
Bev $44650/$37150
2023 Sportage top trim
Gas only $36790
HEV $36190
PHEV $42990/$35490
Observations
1) PHEV costs the consumer less than gas only and HEV versions!
2) PHEV uses ~20% of BEV battery size but typically achieves 80% conversion to electric miles. For a constrained battery supply chain, a focus on PHEV over BEV delivers greater environmental benefits.
Please get ready to build millions of PHEVs !
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