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2019 Hyundai Kona Electric range officially EPA-rated at 258 miles

Since the Hyundai Kona Electric was first revealed at the Geneva Motor Show earlier this year, we've been gradually getting closer to learning the exact electric range for the American car. Finally, after a few estimates, the EPA has released its official rating of 258 miles. That's 8 miles higher than Hyundai's estimate for the U.S. car, given a few months ago. This also puts Hyundai in a strong position against the current crop of electric car competition. While the funky Kona does come up short of the long-range, 310-mile Tesla Model 3, that particular Model 3 costs over $40,000, even with the tax incentive that's not long for this world. The Kona Electric will likely start at a lower price point comparable with the fabled short-range, 220-mile Model 3, which is also 38 miles short of the Kona's range. As such, the Chevy Bolt EV is likely the closest competitor, offering 238 miles, 20 short of the Hyundai, and a price of about $30,000, though that's also with a tax credit that will probably be ending soon for Chevrolet. The 2019 Hyundai Kona Electric goes on sale in California and select other states toward the end of this year. More states will be added early next year. This will be a disadvantage for Hyundai, since both the Model 3 and Bolt EV are currently available nationwide. Related Video:

Hyundai shocks Korea with mid-engined Veloster concept

There are many things we love here at Autoblog, but one of the quirkiest is the mid-engined hot hatch, whether it's the Renaultsport Clio V6 or the Volkswagen GTI W12-650 concept. Unfortunately, we can never seem to get our hands on one - the former never having made the transatlantic journey and the latter remained strictly a concept. And now we've got one more to salivate over.
It's called, simply enough, the Veloster Midship concept, and Hyundai is unveiling it this week at the Busan Motor Show in South Korea. As you might have guessed, it's essentially a Veloster with the engine - a 2.0-liter Theta turbo four producing 296 horsepower - mounted behind the two seats. It's also got a lightweight aluminum suspension, a reinforced chassis and extreme aero to help that mid-mounted turbo engine do its thing.
The project was undertaken by the same team that developed the initial i20 WRC rally car, but unfortunately as Hyundai itself says in the press release below (released with the solitary image above), "The Midship is a concept only to explore possibilities for the Veloster chassis and is currently not related to any future production model." Which is a bit of a shame, but hardly a surprise.

Goes Both Ways: Free-trade pact sees South Korean brands losing share at home

France has been vocal, but not alone, in noting the rise of the South Korean automakers in Europe. The signing of a free-trade pact in 2011 between South Korea and the EU, along with the especially value-conscious buyers in a crisis-stricken Europe, has seen market share increases measuring in the double digits for Hyundai and Kia - analysts expect 14-percent growth for the two in 2012.
A report in Bloomberg has found that there's pain at the other end, too: The pact more than halved import tariffs on European cars headed to South Korea to 3.2 percent, and prices are now close enough to domestic offerings for more South Koreans to pay the premium for foreign luxury nameplates and the cachet they confer. Products sold by the five domestic automakers hogged 92 percent of the market last year, and sales have dropped 5.2 percent this year whereas import sales have risen by 24 percent. This will mark the first year that imports claimed ten percent of the market; compare that to 2002, when domestic market share in the world's 11th largest auto market was 99 percent.
The Germans are at the head of the arrow, counting for 65 percent of imported car sales, but every foreign maker has seen double-digit gains. Analysts think foreign makes could ultimately grab 15 percent of the market.