Hyundai's $23K Casper EV is getting a new XRT variant: Here's our first look [Video]

Hyundai unveiled the Casper Electric in June at the Busan International Mobility Show in South Korea.

The new low-cost EV stole the show with a compact but still functional design. Despite its small size, Hyundai expects it to have a significant impact with its “potential to accelerate the popularization of electric vehicles.”

Hyundai opened Casper EV pre-orders in its home market with starting prices at just $22,800 (31.5 million won).

With government incentives, Hyundai said the entry-level “Inspiration” model can be bought for as little as $14,500 (20 million won).

The new EV is “the most attractive choice” for many buyers looking to go electric, according to Hyundai. With a 49 kWh battery, Hyundai’s Casper Electric has up to 195 miles (315 km) range on a single charge.