Remove Cars Remove Dealers Remove Kia Remove Tax Credit
article thumbnail

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.”

article thumbnail

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.

Dealers 104
article thumbnail

Kia EV9 wins, Fisker franchises, Tesla tops BYD, leather in EVs: The Week in Reverse

Baua Electric

Which EVs made the tax-credit shortlist in 2024? This is our look back at the Week In Reverse—right here at Green Car Reports—for the week ending January 5, 2024. The Kia EV9 is Green Car Reports’ Best Car To Buy 2024. The plan will include up to 50 dealers in the U.S. Which company faced a $1.7

Fisker 52
article thumbnail

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.

Kia 52
article thumbnail

Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

Electric cars currently account for about 6.5% For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. The Kia EV6, Hyundai Ioniq 5, and Nissan Ariya are also seeing their inventories stacking up. of the country’s automotive sector. That’s up from 38% in 2021.

article thumbnail

Cost Parity?: Two Dozen EVs “Available” in the US Start At Less Than $45,000

EV Adoption

Nine of these EVs have a base MSRP of less than $35,000 and another nine would have a net effective price below $30,000 when factoring in the applicable federal EV tax credit. And buyers in some states may qualify for further incentives including rebates or no sales tax, along with some utilities also providing rebates.

article thumbnail

Hyundai IONIQ 9 looks big and bold after the three-row electric SUV was spotted testing [Video]

Baua Electric

Hyundai IONIQ 9 vs Kia EV9 three-row electric SUV Another noticeable difference was in the rear. Like Kia’s EV9, the IONIQ 9 will ride on Hyundai’s dedicated E-GMP platform. A new video from Shorts Car gives us a good look at the IONIQ 9’s size from all angles as it hits the streets for testing. billion EV Metaplant in Georgia.

Hyundai 52