Kia’s first three-row all-electric SUV, the EV9, led to a 151% increase in EV sales in March. Kia’s EV9 helped the logo achieve the second-best first-quarter sales result.
“Our expansion into the SUV business and the initial impact of the all-new, all-electric, three-row EV9 helped drive Kia’s second-best sales result in the first quarter,” said Eric Watson, vice president of advertising. operations for Kia America.
Kia sold 1,281 EV9 styles in March, for a total of 4,007 in the first three months of the year. The new styling helped boost EV sales by 151% in March.
Sales of Kia’s first committed vehicle, the EV6, reached 1,537 in March, up 55% from last year. Kia sold 4,059 EV6 models in the first quarter, up 20% from last year.
After the delayed launch of the electric SUV in the U. S. last year, starting at less than $55,000, Kia called it a “wake-up call” for the industry.
Kia is building the EV9 in South Korea, but production is expected to move to the U. S. until the end of May. By generating the electric SUV at its West Point, Georgia, plant, the EV9 will be eligible for a portion of the federal electric vehicle. tax credit.
Once Kia starts sourcing batteries from its Savannah, Georgia, plant, it expects the EV9 to qualify for the full $7,500 tax credits through early 2025, which could further boost sales.
To make up for this loss, Kia is offering incentives on the 2024 EV9 to fend off the competition.
I’ve noticed one before, oh shit, along the way. Pretty in my mind. It took me two years after the announcement to see a Cadillac Lyriq.
Kia’s EV sales expansion in March comes after sister company Hyundai posted its record sales in March and the first quarter in the U. S. In the U. S. , electric vehicle sales have doubled. Hyundai’s IONIQ five achieved sales in the first quarter and March.
Although Kia has asked dealers to increase margins, some are pricing the electric SUV up to $7,000 above MSRP as demand continues to accelerate.
With 42. 8 inches of legroom in the rear, more than the Cadillac Escalade and 3-row Range Rover P400, it’s no surprise that buyers are opting for Kia’s new EV9.
Ready to hop on your new three-row electric SUV?We can find the right Kia EV9 style for you at the right price. You can use our link to see deals on the 2024 Kia EV9 in your area.
Peter Johnson covers the automotive industry’s step-by-step transformation to electric vehicles. He is an experienced investor, enthusiast of money and electric vehicles. His enthusiasm for electric vehicles, primarily Tesla, is one of the main reasons he pursued a career in the investment space. If he doesn’t tell you about his latest discoveries in the 10K, you can find him enjoying the outdoors or running.