Hyundai’s 2024 Kona Electric has been awarded the Vincentric Best Value in America™ in the Subcompact SUV category. This prestigious accolade is based on a comprehensive statistical analysis, taking into account factors such as market price, maintenance costs, depreciation, and fuel efficiency. The analysis aims to pinpoint vehicles that present the lowest total cost of ownership in their respective segments. In a related finding, the 2024 Hyundai Venue also emerged as a leader, boasting the lowest total cost of ownership in the Subcompact SUV class.
Ricky Lao, Director of Product Planning at Hyundai Motor North America, highlighted the enhanced features of the new Kona Electric. “The all-new Kona Electric is larger and more refined than its predecessor, incorporating advanced features like battery preconditioning, Digital Key 2 Touch, and available Vehicle-to-Load bidirectional charging capability,” Lao stated. He further emphasized Hyundai’s commitment to offering vehicles that not only meet but exceed customer expectations, especially in a market influenced by economic uncertainties.
David Wurster, President of Vincentric, remarked on the Kona Electric’s outstanding performance in their analysis. “It finished with the lowest maintenance and operating costs in its class, as well as the lowest fuel cost of all Subcompact SUVs,” Wurster said. This achievement allowed the Kona Electric to outshine 15 competing models, securing the top spot in the awards.
The Vincentric Best Value in America™ awards are an annual event, meticulously analyzing vehicles to identify those offering the best value. The analysis considers a variety of ownership scenarios to ensure a comprehensive evaluation.
Hyundai Motor America is known for its innovative and technology-rich lineup, contributing significantly to the U.S. economy through its extensive operations, including its North American headquarters, manufacturing plants, and R&D facilities. Hyundai’s operations, along with its independent dealers, are a substantial economic force, injecting over $20.1 billion annually and supporting 190,000 jobs across the United States.