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Top four budget-friendly electric vehicles to look for in 2024

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11 months ago

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As the electric vehicle market expands, car enthusiasts on a budget can now explore a range of affordable options in 2024. 

Here are the top four cost-effective electric vehicles (EVs) that promise both sustainability and economic value:

1. Nissan Leaf (starting at $28,140)

Nissan Leaf (starting at $28,140).—Treehugger
Nissan Leaf (starting at $28,140).—Treehugger

The veteran Nissan Leaf, introduced in 2010, remains a compelling choice with a wallet-friendly starting price. Despite its long tenure in the EV world, the Leaf retains its charm and practicality. For safety-conscious buyers, it boasts a 5-star overall safety rating from the National Highway Traffic Safety Administration (NHTSA).

2. MINI Cooper SE Electric (starting at $30,900)

Mini Cooper SE.—ev.database
Mini Cooper SE.—ev.database

The MINI Cooper SE Electric preserves the iconic design of its gas-powered counterpart, delivering a unique electric driving experience. With a swift 0-60 mph acceleration in under seven seconds and favorable ownership ratings, it stands out as an affordable and stylish option.

3. Hyundai Kona Electric (starting at $32,675)

Hyundai Kona Electric.—EVdatabase
 Hyundai Kona Electric.—EVdatabase

The revamped 2024 Hyundai Kona Electric showcases a captivating design and improved features. The base SE model offers a commendable 200-mile range, while higher trims extend that to an impressive 261 miles. Hyundai’s standard 10-year/100,000-mile powertrain warranty adds an extra layer of confidence for potential buyers.

4. Chevrolet Equinox 1LT (starting at $34,995)

2024 Chevy Equinox EV 1LT.—gmauthority
2024 Chevy Equinox EV 1LT.—gmauthority

Positioned as GM’s affordable EV, the Chevrolet Equinox 1LT enters the market as a worthy successor to the discontinued Chevrolet Bolt. Expected to hit showrooms in mid-2024, this model boasts an estimated 319-mile range on a full charge and accelerates from 0-60 mph in just 5.9 seconds. Its competitive pricing and performance make it a compelling option.

Important consideration for EV buyers

While these EVs offer affordability in terms of purchase price, prospective buyers should be mindful of insurance costs. Electric vehicles often come with higher insurance premiums due to longer repair times and the expense of battery packs. 

To optimise insurance expenses, it’s advisable to compare policies and explore bundling options with renters or homeowners insurance for potential premium reductions.

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Business

SIFC Promotes International Honey Trade: Malaysia Becomes an Export Destination for KP 60,000 Honey Farms

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23 hours ago

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The successful arrival of Khyber Pakhtunkhwa’s first batch of SIDR honey in Malaysia is a major turning point for Pakistan’s honey sector.

The special investment facilitation council is helping to raise the profile of Pakistan’s agricultural exports internationally.

The Ministry of Commerce is dedicated to increasing Pakistan’s honey exports internationally, and the Pakistani high commission in Kuala Lumpur has been instrumental in fostering collaborations between Malaysian and Pakistani companies.

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The KSE-100 is getting closer to the 100,000 level thanks to bullish momentum.

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23 hours ago

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At 98,164.24 points, the benchmark KSE-100 Index is just 1,800 points away from the much-anticipated 100,000 level and is approaching a historic milestone.

Favorable macroeconomic indicators and high investor confidence have propelled the index’s bullish momentum as of 9:47 a.m. today.

The KSE-100 had a significant increase of 469.84 points, or 0.48%, on Friday, closing at 97,798.23 points. Market optimism was indicated by the index’s quick spike to an intraday high of 99,623.03 points.

Analysts have increased their estimates, predicting that by the end of 2025, the KSE-100 might rise to 120,000. Continued improvements in macroeconomic conditions, such as declining bond yields, are anticipated to be the main drivers of this spike since they are bringing more liquidity to the equities market.

Following the drop in bond yields, mutual funds have made about $132 million in investments in Pakistani stocks since January 2024. This influx of funds is considered a favorable indicator of investor sentiment.

The market has also risen as a result of the State Bank of Pakistan’s decision to reduce interest rates by a total of 700 basis points, from 22% in May 2024 to 15% now.

The All-Share Index, which measures the overall market, also showed robust gains. With a net increase of 280.51 points, or 0.44%, it was at 62,376.87 points. Expectations of additional growth in the equity market are being bolstered by this encouraging trend.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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5 days ago

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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