Kia bought extra electrical automobiles within the US in Q2 than its sister firm, Hyundai. After EV gross sales greater than doubled within the second quarter, Kia appears to be like to maintain up the momentum as its new EV9 helps acquire market share.
Kia’s first three-row electrical SUV is already fueling a gross sales spike. After launching late final yr within the US, Kia bought 9,671 EV9s via the primary six months of 2024.
The EV9 helped propel Kia to a brand new file, with over 29,000 EVs bought within the first half of the yr. Though Kia’s new electrical SUV is receiving a lot of the consideration, gross sales of its first devoted electrical automobile, the EV6, had been additionally up practically 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 accordance 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 a much 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 development 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
Basic 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 Might.
Beginning underneath $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) may very well be purchased for underneath $55,000 (together with the EV tax credit score).
|
Kia EV9 Trim |
MSRP (together with $1,495 vacation spot payment) |
Worth after potential $7,500 EV tax credit score (together with $1,495 vacation spot payment) |
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 likely one of the most inexpensive, fuel-efficient EVs within the US. With new incentives, together with $7,500 in Buyer Money, the 2024 EV6 might be leased for as little as $249 monthly. Or, you possibly can select 0% APR for 48 months.
Hyundai is anticipated to disclose its first three-row electrical SUV, the IONIQ 9, subsequent yr. 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 should utilize our hyperlinks under to discover offers on Kia’s electrical automobiles at a seller close to you.
FTC: We use earnings incomes auto affiliate hyperlinks. Extra.
