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Hyundai conceived "Concept Genesis" in 2003 and introduced its first model in 2007 as a "progressive interpretation of the modern rear-wheel drive sports sedan". [5] The body design took three years and the total cost of the program was $500 million over a development period of 23 months. Reliability testing ran for 800,000 miles. [6]
Cars with the lead–acid pack had a range of 80 to 100 miles (130 to 160 km), [50] while the NiMH cars could travel 120 to 140 miles (190 to 230 km) between charges. [14] The second generation EV1 leasing program expanded to several other American cities, with monthly payments ranging from $349 to $574. [ 51 ]
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