As new models like the three-row EV9 and low-cost EV3 roll out, Kia’s EV sales are surging. Although it sold over 200,000 EVs last year, Kia expects to sell even more electric cars in 2025 as it builds a “full lineup of popular EVs.” Here’s what to expect this year.
After pronouncing its fourth-quarter 2024 effects on Friday, Kia said it expects an even more potent expansion in 2025 with the launch of new cheap electric vehicles.
Kia sold to just 770,000 international cars in the fourth quarter, up 5% from last year. The main force behind expansion has been green cars, adding electric and hybrid cars. Sales of Kia’s eco-friendly cars rose 14. 5% in the fourth quarter to about 164,000 units.
Kia’s electric and hybrid cars accounted for 21. 5 percent of sales in the last 3 months of 2024, up from 19. 9 percent in the fourth quarter of 2023.
The company sold around 638,000 green cars overall in 2024. This included 367,000 hybrids (20% year-on-year), 71,000 plug-in hybrids (-19. 5% year-on-year) and 201,000 cars (10. 2% year-on-year).
Kia expects annual sales to rise 4% in 2025 to 3. 216 million units, up from 3. 089 million last year. The confidence is due to the higher sales expected in Europe and North America with the launch of new hybrids and electric vehicles.
After launching the EV3 compact SUV last year, the first of its new range of cheap electric cars, Kia will remain firm with the EV4. Kia has shown that he will launch the EV4 “sequentially into the world. ” The EV4 is Kia’s version of a conventional electric sedan.
EV3 and EV4 were concepts unveiled alongside its EV5 SUV on Kia’s first EV Day in October 2023. Kia said the new reduced-charge models reaffirmed “its ambitious global strategy aimed at leading and accelerating the automotive revolution. ” electric cars”.
Kia introduced the EV5 in China in the past 2023, starting at around $ 20,000. According to a previous Newsis Korea report this month, the EV5 is already doing a great effect on the world’s largest EV market.
Weda Kia, the company’s joint company of the company, sold more than 248,000 cars last year, almost 50 % more than in 2023. Last year, it is the first time that KIA has crossed the 200,000 sales bar in China since 2020 . year, followed through other foreign markets.
Kia’s EV3 starts at around $30,000 in Korea (KRW 42.08 million). In November, Kia launched the smaller electric SUV in Europe, starting at around $38,000 (36,000 euros) with up to 375 miles WLTP range.
The EV4 is expected to start circulating from $30,000 to $40,000, depending on the market. It will sign up for the smaller EV6, three-row EV9 and updated EV5 SUVs to circulate its “full lineup of popular EVs. “Prior to its arrival, the EV4 was recently spotted in the United States in the United States. A hatchback edition was also taken in public, most likely aimed at European buyers.
In addition to this, Kia will launch its first electric pickup truck (specially designed vehicle) in 2025. The Kia PV5 is a midsize electric pickup truck that will be available in other configurations: Basic (for passengers), Van (for deliveries) and chassis cab (like the bed of a pickup truck). As Kia expands into electric truck advertising, it will be joined by the larger PV9 and smaller PV1.
Peter Johnson covers the automotive industry’s step-by-step transformation to electric vehicles. He is a seasoned investor, money writer, and electric vehicle enthusiast. His enthusiasm for electric vehicles, basically Tesla, is one of the main reasons why he pursued a career in investments. . If he doesn’t tell you about his latest discoveries in the 10K, you can locate him enjoying the outdoors or exercising.