2024 & 2023 Kia Niro Prices, Deals and Lease Options

Kia Niro EV Tax Credit

The Kia Niro EV is currently not eligible for a $7,500 federal tax credit due to North American assembly and battery sourcing requirements.

However, a loophole enables Kia to claim a commercial credit on Niro EV and Niro PHEV leases. This could make leasing a lot more affordable than buying. Note that the standard Kia Niro Hybrid does not qualify for this incentive.

In some states, you may be able to save even more. In Colorado, the Innovative Motor Vehicle Credit offers up to a $5,000 tax credit as of July 1st, 2023. We recommend checking with a tax professional to determine your eligibility.

Kia Niro EV Rebates

You may be able to take advantage of Kia Niro EV rebates depending on where you live.

For example, the California Clean Vehicle Rebate Project, or CVRP, offers a $2,000 incentive after buying or leasing your Niro EV. An increased rebate is available for lower-income households. There's also an income cap, so be sure to read the program's fine print carefully.