Kia offered extra electrical autos within the US in Q2 than its sister firm, Hyundai. After EV gross sales greater than doubled within the second quarter, Kia appears to maintain up the momentum as its new EV9 helps achieve market share.
Kia’s first three-row electrical SUV is already fueling a gross sales spike. After launching late final 12 months within the US, Kia offered 9,671 EV9s by means of the primary six months of 2024.
The EV9 helped propel Kia to a brand new file, with over 29,000 EVs offered within the first half of the 12 months. Though Kia’s new electrical SUV is receiving many of the consideration, gross sales of its first devoted electrical automotive, the EV6, had been additionally up almost 40% in Q2.
With the Niro EV included the expansion was sufficient for Kia to surpass Hyundai in US EV gross sales in Q2.
In keeping with the newest Kelley Blue Guide knowledge, Kia accounted for five.4% of the market in Q2, topping Hyundai’s 5.1% share.
Kia had an even bigger share than BMW (4.3%), GM’s Chevy (3.4%), Rivian (4.2%), Mercedes (2.8%), Toyota (2.3%), and VW (1.7%).
| EV model | Q2 gross sales progress YOY | Share of the US EV market in Q2 2024 | YTD phase share |
| Tesla | -6.3% | 49.7% | 50.8% |
| Ford | 61% | 7.2% | 7.4% |
| Kia | 135% | 5.4% | 4.6% |
| Hyundai | 21% | 5.1% | 4.9% |
| BMW | 24% | 4.3% | 4.1% |
| Rivian | 9% | 4.2% | 4.6% |
| Chevrolet | -20% | 3.4% | 3.3% |
| Mercedes | -22% | 2.8% | 3.6% |
| Toyota | 286% | 2.3% | 1.6% |
| Cadillac | 441% | 2.2% | 2.2% |
| Nissan | 69% | 2.2% | 2.1% |
Kia outpaces rivals, Hyundai in US EV gross sales in Q2 2024
Normal Motors, Ford (7.2%), and Tesla (49.7%) had been the one automakers with the next EV market share than Kia in Q2 2024.
Kia’s EV9 was the primary EV inbuilt Georgia after manufacturing at its West Level plant kicked off in Could.
Beginning below $55,000 (not together with vacation spot), Kia’s three-row electrical SUV helps revamp the model within the US.
With the $7,500 federal tax credit score, costs may fall to as little as $48,995. The long-range mannequin (with as much as 304 miles vary) might be purchased for below $55,000 (together with the EV tax credit score).
|
Kia EV9 Trim |
MSRP (together with $1,495 vacation spot price) |
Worth after potential $7,500 EV tax credit score (together with $1,495 vacation spot price) |
EPA Est. Vary (miles) |
| Gentle RWD | $56,395 | $48,995 | 230 |
| Gentle Lengthy Vary RWD |
$60,695 | $53,195 | 304 |
| Wind e-AWD | $65,395 | $57,895 | 280 |
| Land e-AWD | $71,395 | $63,895 | 280 |
| GT-Line e-AWD | $73,900 | $66,400 | 270 |
In the meantime, Kia’s EV6 is without doubt one of the most reasonably priced, fuel-efficient EVs within the US. With new incentives, together with $7,500 in Buyer Money, the 2024 EV6 could be leased for as little as $249 per 30 days. Or, you possibly can select 0% APR for 48 months.
Hyundai is predicted to disclose its first three-row electrical SUV, the IONIQ 9, subsequent 12 months. Will the brand new EV mannequin assist Hyundai surpass Kia once more within the US EV market?
Are you able to see why Kia’s EV gross sales proceed surging within the US? Uncover for your self. You need to use our hyperlinks under to discover offers on Kia’s electrical autos at a vendor close to you.
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