Hyundai announced that the starting price for the 2019 Kona Electric electric crossover is $36,450, for an effective net price of $28,950 ($29,995 including delivery), with the electric vehicle tax credit of $7,500 factored in.

Customers may receive the available federal tax credit of up to $7,500, dependent on individual tax circumstances, yielding a sub-$30,000 net value. Pricing for other Kona Electric trims will be announced shortly.

Kona Electric rides on an all-new CUV platform and is Hyundai’s first compact electric crossover for the US market. Kona Electric models will be produced in Ulsan, Korea and will be available in the beginning of 2019, with initial availability in California and subsequently in the ZEV-focused states in the western and northeastern regions of the US market.