Hyundai IONIQ 5 vs Kia EV6: Same lease price, pick your EV - Electrek

After Kia lowered lease prices this week, the automaker’s EV6 is now the same price to lease as the Hyundai IONIQ 5 electric crossover. Which EV are you going with?

Hyundai IONIQ 5 vs. Kia EV6: Which EV is right for you

Hyundai and Kia are often grouped together because the former owns about a third of the latter, and the two share auto components and production.

However, they are not the same vehicles. Each automaker has a unique design philosophy that shows through each car. For example, Kia’s EV6 embodies the brand’s “opposites united” design vision with a new Kia logo, modern grille, auto sensor door handles, and more.

The EV6 electric sport crossover features the latest tech, including dual panoramic displays, an augmented reality head-up display, Meridian premium audio, and an onboard power generator (V2L).

Inside, you will find premium seating for up to five adults, up to 50.2 cubic feet of cargo space, and more.

Kia Drive Wise provides safety features such as a surround-view monitor, auto emergency braking with evasive steering assist, blind spot collision avoidance, and Highway Driving Assist 2.

2023 Kia EV6

Kia EV6 GT (Source: Kia)

Kia EV6 GT

2023 Kia EV6 interior

For performance fans, Kia also offers a 576 hp EV6 GT version that will beat a Ferrari Roma and Lamborghini Huracán Evo Spyder off the line (and keep up with the Porsche Taycan GTS).

Hyundai’s IONIQ 5, on the other hand, has been deemed the ultimate family car (or for anyone who likes a versatile EV), checking all the boxes, including a bold exterior design, spacious interior, comfort, reliability, and safety. Like the EV6, the IONIQ 5 leads Hyundai into the EV era with a new design approach.

As such, the IONIQ 5 features a unique clamshell hood, flush door handles, and parametric pixel lights, giving a high-tech look.

Hyundai IONIQ 5 (Source: Hyundai)

The inside of the IONIQ 5 features up to 59.3 cubic feet of cargo capacity, a 12.3-inch digital instrument cluster with an EV tech display, a 12.3-inch touch screen, and fully relaxing seats in the front.

Meanwhile, the IONIQ 5 and EV6 share the same E-GMP platform, providing a unique long base and 800 V fast charging capabilities. Here’s a breakdown of the 2023 electric models available below.

2023 trims	EPA range (miles)	EPA-est MPGe (combined)	Horsepower	Starting Price (MSRP)
Hyundai IONIQ 5 SE Standard Range	220	110	168	$41,450
Hyundai IONIQ 5 SE	303(RWD) 266(AWD)	114(RWD) 101(AWD)	225	$45,500
Hyundai IONIQ 5 SEL	303(RWD) 266(AWD)	114(RWD) 101(AWD)	225	$47,450
Hyundai IONIQ 5 Limited	303(RWD) 266(AWD)	114(RWD) 101(AWD)	225	$52,600
Kia EV 6 Light (RWD)	232	117	167	$42,600
Kia EV 6 Wind (RWD)	310	117	225	$48,700
Kia EV 6 Wind (e-AWD)	282	109	320	$52,600
Kia EV GT-Line (RWD)	310	117	225	$52,900
Kia EV GT-Line (e-AWD)	252	96	320	$57,600
Kia EV GT	206	79	576	$61,600

2023 Hyundai IONIQ 5 vs 2023 Kia EV 6

According to an incentive bulletin sent to dealers (via CarsDirect) this week, the Kia EV6 lease prices were lowered by $30 per month. This makes it the same price to lease as the Hyundai IONIQ 5 despite the higher MSRP.

In California, the EV6 Wind is $399 for 36 months, with $4,999 due at signing for 10,000 miles a year. The IONIQ 5 SE Long Range is also listed at $399 monthly, with $4,999 due at signing. According to the report, both vehicles will have an effective cost of $528 per month and can qualify for incentives, including the $2,000 California Clean Vehicle Rebate.

At the same price, which electric model are you taking?

Discover great prices at nearby dealers by using our links. Explore the Hyundai IONIQ 5 and the Kia EV6 now.

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The median listing price for homes in Los Angeles could soon top $1 million - KTLA Los Angeles

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The median listing price for homes in Los Angeles could soon top $1 million  KTLA Los Angeles

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Why gas prices are rising - Axios

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Why gas prices are rising  Axios

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Nationwide Heat Wave Is Making Gas Prices Go Up - Jalopnik

Hello, friends. It’s been a while now, but it’s about as good a time as any to check in with our old friend Gas Price Watch. I’m sure you’ve probably noticed, but it’s been worryingly hot just about everywhere in the country. It’s caused all sorts of issues in the automotive world (and every world, to be fair). EVs can’t go as far on a single charge, and highways are buckling, but now we are learning that the heat is impacting gas prices too.

America’s Appetite For Large Trucks Is Hurting its Fuel Economy

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Axios reports that gas prices have gone up about 15 cents in just the past week across the country. That’s due to the fact the heat wave hitting Texas and Louisiana has slowed down oil refineries. They cannot function as well when temperatures reach above 100 degrees.

On top of that, there are two more issues we’re dealing with here that are causing gas prices to rise. The first is the fact that gas demand is usually higher during the summer months as more Americans hit the roads. The second issue is that gas inventories in July were at their lowest levels since 2015. It is not a winning trio.

However, you can take some solace in the fact that prices are still much lower than they were at the same time last year. According to AAA’s gas price tracker, the average price for a gallon of gas on August 2 of last year was $4.19. It makes today’s average of $3.80 seem almost bearable… almost.

The good times may not end up lasting forever, though. Hurricane season is right around the corner, and severe weather – as always – could impact refineries across the country and drive up the price of gas.

With that, let’s look at our gas price winners and losers around the U.S.

Here is where you can find the highest average gas prices in the country in order of highest price for a gallon regular:
California - $5.03 Regular | $5.23 Mid | $5.38 Premium | $5.36 DieselWashington - $4.97 Regular | $5.20 Mid | $5.40 Premium | $5.01 DieselHawaii - $4.72 Regular | $4.91 Mid | $5.19 Premium | $5.67 DieselOregon - $4.63 Regular | $4.82 Mid | $5.03 Premium | $4.53 DieselAlaska - $4.37 Regular | $5.53 Mid | $5.73 Premium | $4.20 Diesel

Here is the lowest average price of gasoline in the country in order of lowest price per gallon of regular:

• Mississippi - $3.31 Regular | $3.65 Mid | $4.01 Premium | $3.72 Diesel
• Louisiana - $3.42 Regular | $3.79 Mid | $4.14 Premium | $3.75 Diesel
• Alabama - $3.44 Regular | $3.80 Mid | $4.19 Premium | $3.84 Diesel
• Kentucky - $3.46 Regular | $3.91 Mid | $4.31 Premium | $3.91 Diesel
• Tennessee - $3.47 Regular | $3.85 Mid | $4.21 Premium | $4.90 Diesel

See you cool cats later.

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Gold Price Forecast: XAU/USD looks set to test $1,935 as US employment clues loom – Confluence Detector - FXStreet

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• Gold Price bounces off three week low but stays on bear’s radar on breaking key supports, now resistances.
• US credit rating cut prods US Dollar bulls, puts a floor under XAU/USD price.
• Fears of hawkish Fed moves, receding Gold demand from Asia weigh on bullion.
• Strong US employment data can bolster September Fed rate hike odds and exert downside pressure on XAU/USD.

Gold Price (XAU/USD) clings to mild gains as it bounces off the lowest levels in three weeks. However, the metal’s current position remains elusive to lure the XAU/USD buyers as it stays beneath the key supports as markets await the top-tier US employment data comprising the ADP Employment Change and the Nonfarm Payrolls.

Late on Tuesday, global credit rating agency Fitch Ratings downgraded the US credit rating from AAA to AA+. However, the recent market chatters, mainly from big bankers, suggest that such a rating cut is likely to have a minor negative impact on the US fundamentals and hence recently challenge the risk-off mood, as well as prod the Gold buyers.

Further, hawkish comments from Chicago Federal Reserve Bank President Austan Goolsbee and fears of Fed policy pivot, as cited by Atlanta Federal Reserve Bank President Raphael Bostic escalate the market’s anxiety ahead of the key data and prod the Gold buyers.

It should be noted that the latest World Gold Council (WGC) report suggests a 2.0% fall in the annual demand and anticipates a 10% fall in the gold demand from India, one of the major customers, to challenge the XAU/USD bulls. Additionally, downbeat China statistics and fears of easing economic growth in the key Gold customer also prod the precious metal price. 

Also read: Gold Price Forecast: XAU/USD’s sustained reccovery hinges on weak US ADP jobs data

Gold Price: Key levels to watch

Our Technical Confluence indicator signals that the Gold Price remains well beneath the $1,950 and $1,970 trading range that previously restricted the XAU/USD moves as market players brace for the US employment and activity data scheduled for release this week.

That said, the previous day’s downside break of the $1,952 support confluence, now resistance serves as the immediate signal to favor the Gold bears despite the metal’s recent intraday gains. It should be noted that the Fibonacci 23.6% on one week highlights the importance of the said technical level.

With this, the Gold Price is likely to decline towards the lower band of the Bollinger on hourly play joins Pivot Point one-week S1 and 200-HMA, around $1,940.

Following that, a convergence of the Pivot Point one-day S1 and 61.8% Fibonacci retracement of one-month, can act as the final defense of the Gold buyers near $1,935 before directing them to the $1,900 round figure.

Alternatively, an upside clearance of the $1,952 hurdle can direct the Gold Price toward the 10-DMA resistance of around $1,962.

However, major attention will be given to the $1,969-70 resistance zone comprising the Fibonacci 61.8% on one week, 100-DMA and Fibonacci 23.6% on one-day and one-month.

Should the Gold buyers manage to cross the $1,970 hurdle, a multi-day-old horizontal resistance zone surrounding $1,985 may prod the XAU/USD bulls before directing them to the $2,000 psychological magnet.

Here is how it looks on the tool

About Technical Confluences Detector

The TCD (Technical Confluences Detector) is a tool to locate and point out those price levels where there is a congestion of indicators, moving averages, Fibonacci levels, Pivot Points, etc.  If you are a short-term trader, you will find entry points for counter-trend strategies and hunt a few points at a time. If you are a medium-to-long-term trader, this tool will allow you to know in advance the price levels where a medium-to-long-term trend may stop and rest, where to unwind positions, or where to increase your position size.

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Uranium price ticks up after Niger coup, more gains expected - Reuters

LONDON, Aug 1 (Reuters) - The price of uranium has risen only slightly since a military coup in Niger last week as mining operations have continued in the world's seventh largest producer of the radioactive metal, but a consultancy said prices may rise in coming weeks.

The spot price of uranium, widely used for nuclear energy and treating cancer, crept up to $56.25 a pound on Monday from $56.15 a week earlier, market research firm and consultancy UxC said on Tuesday.

The price has doubled over the past three years, but is well down from a peak of $140 touched in 2007.

French nuclear fuels company Orano, which operates uranium mines in the West African country, said last week its activities were ongoing despite the coup.

Orano reiterated on Tuesday that operational activities continued despite plans by France to evacuate its citizens, saying 99% of its staff in the country were Nigerien nationals.

The spot price is little changed also because Orano sells uranium on long-term contracts and the summer months are slow in the spot market, said Jonathan Hinze, president of UxC.

"An event like this could take a bit more time to seep into the market psychology. We could very well still see bigger impacts in the days and weeks to come," he told Reuters.

"All indications would be that this would be a catalyst for upward moves in the uranium price given the overall tight supply/demand balance in uranium at this time."

The European Union nuclear agency Euratom said on Tuesday it saw no immediate risk to nuclear power production in Europe should Niger cut its deliveries of uranium since utilities in the bloc had sufficient inventories to last for three years.

Niger was the second-largest supplier of natural uranium to the EU last year, Euratom said.

On Monday, the junta that seized power in Niger last week detained senior politicians, including the mines minister, defying international calls to restore democratic rule.

Reporting by Eric Onstad; Editing by Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles.

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Nancy Jane (Price) Krous | Obituaries | lancasteronline.com - LNP | LancasterOnline

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Nancy Jane (Price) Krous | Obituaries | lancasteronline.com  LNP | LancasterOnline

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