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2024 Kia EV9 – The Big Picture

by Index Investing News
October 8, 2023
in Economy
Reading Time: 6 mins read
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The new Kia EV9, the top of the company’s line, was a warning shot across the bow of Rivian, Lucid,  Hummer and other pricey. high-end trucks. The flagship, three-row, all-electric SUV will be priced at a shockingly reasonable $54,900.

Kia, a wholly-owned subsidiary of Hyundai, says the EV9 will be “a wake-up call to the industry.”

To be fair, that price buys you only a 215 hp and 258 lb-ft of torque, light, rear-wheel drive truck. If you want all-wheel drive, you need the dual motor 379 hp/516 lb-ft torque powertrain — which is of course more expensive.

Still, a 3-row full-size EV for ~$55k is an attractive price. Kia’s comparable ICE SUV is the 2024 Kia Telluride at ~$40k; your TCO depends on how many miles you drive but it’s not very long before your gasoline costs bring the two vehicles’ cost inline.

Here are the specs:

300 mile range
RWD: 215hp/258 lb-ft torque
AWD: 379 hp/516 lb-ft torque
24 min fast charging time (10-80%)
0-60 in in 5 seconds (dual Motor)
7 seats
7.8in ground clearance
Dual 12.3-inch screens w/5-inch screen (HVAC controls)
10 yr / 100k mile warranty

Some folks are wondering if the new Kia EV9 will eat into Rivian R1S sales? I suspect this vehicle is aimed at a different class of buyers. Oncve EV SUVs start to penetrate middle-class truck buyers, it will truly be a milestone for the automotive industry. We have been hearing about the beginning of the end for ICE vehicles for nearly a decade; this could be the product segment that finally does it.

The 2024 Kia EV9 is begins shipping in the US later this year.

 


Source: Kia,


Source: Electrek, Car and Driver, The Verge

Transcript: Shelia Bair, former FDIC Chair





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