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Kia to begin EV9 production in the US by May, expects $7,500 EV tax credit eligibility by 2025

Baua Electric

Kia’s first three-row electric SUV is off to a good start. However, Kia will accelerate EV9 momentum with plans to begin US production by May. Kia expects the EV9 will qualify for the full $7,500 EV tax credit by early next year. Starting under $55,000, Kia calls its electric family move an “industry wake-up call.”

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Indian market to remain flat in 2024, Kia to grow by 13% – Kia global CEO Song | Autocar Professional

Baua Electric

Ho-Sung Song, the global president and CEO of Kia expects the Indian market to remain flat in 2024. Kia aims to achieve a sales volume of 277k units, with 13% growth year on year, and a market share of 6.8%.” Additionally, we plan to expedite new dealer recruitment to rapidly build our sales growth capabilities,” he said.

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges.

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Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Kia EV9 sales are heating up in the US

Baua Electric

Over 1,400 Kia EV9 models were handed over in January, topping the EV6 in US sales. Kia EV9 outpaces EV6 despite record sales month Kia started the year strong, with EV sales growing 57% YOY. A big reason behind Kia’s success is the launch of its first three-row electric SUV, the EV9. long but is about the same height.

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KIA: Double-digit enlargement in Q2

Baua Electric

Kia’s Strong point sedan is also doing neatly because of city consumers, who nonetheless favor smaller, extra cost-efficient automobiles. ” “Our production is up and we’ve been able to sell that because our sales are up year over year, but we’re not building dealer stock,” he stated.

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Hyundai IONIQ 7 will go by IONIQ 9 as the brand’s first three-row electric SUV

Baua Electric

Hyundai plans to change the name of the electric SUV from IONIQ 7 to IONIQ 9 as it looks to build off Kia’s success with the EV9. Including Kia and Genesis, Hyundai topped American automakers Ford and GM’s Chevy for second behind only Tesla. billion Metaplant to qualify for the $7,500 federal tax credit. of the market.

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