CARS.COM RELEASES ITS 2023 TOP PICKS FOR ELECTRIC VEHICLES

Rhea-AI Summary

Cars.com has seen an 84% increase in searches for electric vehicles (EVs) since 2022, highlighting a growing consumer interest in this sector. On March 29, 2023, the company released its 2023 EV Buying Guide alongside its Top Picks for EVs. The guide evaluates over 40 EV models based on price, range, comfort, and features. The top choices include the 2023 Hyundai Ioniq 5 for families, the 2023 Chevrolet Bolt EV for value, the 2023 Genesis Electrified G80 for luxury, and the 2023 Kia Niro EV for commuters. Cars.com aims to assist consumers in transitioning from EV curious to EV owners with this comprehensive resource.

Positive

• 84% increase in EV searches since 2022 signifies robust market interest.
• Release of the 2023 EV Buying Guide positions Cars.com as a go-to resource for EV buyers.
• Top Picks highlight competitive options across various categories: family, value, luxury, and commuter EVs.

Negative

• None.

Searches for EVs on Cars.com Have Grown 84% Since 2022; As EV Interest Accelerates, Cars.com's 2023 EV Buying Guide and Top Picks Help Consumers Transition from EV Curious to EV Owner

CHICAGO, March 29, 2023 /PRNewswire/ -- Car-shopping marketplace Cars.com™ (NYSE: CARS), today reveals its 2023 Top Picks for electric vehicles in conjunction with the company's 2023 EV Buying Guide. Cars.com experts examined the price, range, comfort and features of 40-plus EV models on sale in 2023 to determine the Top Picks for Value, Family, Luxury and Commuters.

"Our team of experts have been driving and reviewing significantly more EVs as automakers roll out new models and differentiate their lineups with more electric and hybrid models. As prices become more competitive and a broader range of body styles, increased technologies and trim package options are made available, EVs are becoming much more appealing to car shoppers," said Brian Normile, editor and EV expert at Cars.com. "Our 2023 EV Buying Guide and Top Picks help car shoppers understand their options and find the best EV to fit their lifestyle."

Cars.com's 2023 Top EV Picks, which can be found in the Cars.com EV Buying Guide are:

• Family EV — 2023 Hyundai Ioniq 5: The Hyundai Ioniq 5 is a compact SUV with much more space inside than meets the eye — there's room to carry a family and haul all the stuff that comes with them. Inside, parents will appreciate the storage nooks, perfect for stashing snacks or devices. For those with kids in car seats, the Ioniq 5's backseat easily accommodates two car seats thanks to its abundant legroom and no-nonsense Latch anchors for easy connection. With a competitive EPA-estimated maximum range of 220-303 miles, depending on configuration, this family vehicle is ready for short and long road trips.
  
  
• Value EV —  2023 Chevrolet Bolt EV: The Chevy Bolt EV hatchback is a well-equipped all-electric vehicle with an EPA-estimated maximum range of 259 miles that starts at less than $30,000 before any applicable tax incentives. Featuring a 10.2-inch touchscreen multimedia system with wireless Apple CarPlay and Android Auto smartphone connectivity, automatic climate control, automatic emergency braking and lane departure steering assist, this hatch delivers more than enough to satisfy budget-conscious car shoppers.
  
  
• Luxury EV — 2023 Genesis Electrified G80: The Genesis Electrified G80 is a gorgeous, electrified luxury sedan with an opulent interior that outshines the competition. The multimedia system is simple to use, easy to decipher and elegant. In addition, this luxury EV elevates the driving experience to one where there is practically no powertrain noise at all — unless you want there to be.
  
  
• Commuter EV — 2023 Kia Niro EV: The Kia Niro EV is a fun and dynamic four-door compact hatchback with a comfortable ride and pleasant cabin — perfect for long commutes or traffic jams. With an estimated maximum range of 253 miles, owners shouldn't need to plug in every night, plus the hatchback body packs a respectable amount of cargo and passenger space within a tidy, easy-to-park exterior dimension.

Access the 2023 Cars.com EV Buying Guide here. For more reviews, car-buying advice and tips, visit Cars.com/EV.

ABOUT CARS.COM INC.
CARS is a leading automotive marketplace platform that provides a robust set of industry-specific digital solutions that connect car shoppers with sellers. Launched in 1998 with the flagship marketplace Cars.com and headquartered in Chicago, the Company empowers shoppers with the data, resources and digital tools needed to make informed buying decisions and seamlessly connect with automotive retailers. In a rapidly changing market, CARS enables dealerships and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy shoppers, increase inventory turn and gain market share.

In addition to Cars.com, CARS brands include Dealer Inspire, a technology provider building solutions that future-proof dealerships with more efficient operations and connected digital experiences; FUEL, which gives dealers and OEMs the opportunity to harness the untapped power of digital video by leveraging Cars.com's pure audience of in-market car shoppers, DealerRater, a leading car dealer review and reputation management platform, automotive fintech platform CreditIQ, and Accu-Trade Group, a leading provider of vehicle acquisition technology and valuation data.

The full suite of CARS properties includes Cars.com™, Dealer Inspire^®, FUEL™, DealerRater^®, CreditIQ™, Accu-Trade™, Auto.com™, PickupTrucks.com™ and NewCars.com^®. For more information, visit www.Cars.com. 

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SOURCE Cars.com Inc.

FAQ

What did Cars.com announce on March 29, 2023?

Cars.com announced its 2023 EV Buying Guide and Top Picks, showcasing the growing interest in electric vehicles with an 84% increase in searches.

Which electric vehicles were named top picks by Cars.com in 2023?

The top picks included the 2023 Hyundai Ioniq 5 for families, 2023 Chevrolet Bolt EV for value, 2023 Genesis Electrified G80 for luxury, and 2023 Kia Niro EV for commuters.

How many EV models were evaluated in Cars.com's 2023 EV Buying Guide?

Cars.com's 2023 EV Buying Guide evaluated over 40 electric vehicle models.

What factors did Cars.com consider in their EV evaluations?

Cars.com examined price, range, comfort, and features when evaluating the EV models.

Why is the increase in EV searches significant for Cars.com?

The 84% increase in searches indicates a growing consumer interest in electric vehicles, which may enhance Cars.com's role in the market.