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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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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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Kia EV9, Genesis EV prices cut with generous $7,500 discount offer

Baua Electric

Kia and Genesis are two of the latest to slash EV prices with generous deals. The Kia EV9 and several Genesis EVs are now $7,500 off with new discount offers. Kia and Genesis are offering significant EV discounts Genesis is rapidly expanding in the US, outpacing most luxury brands with sleek all-electric vehicles.

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

Baua Electric

According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. With a $7,500 tax credit on the line, Hyundai has pulled the timeline forward as quickly as possible. Munoz said EVs produced at the new plant will qualify for the tax credit.

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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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