Headlines:
- Initial Pricing Revealed for Kia’s EV9 in Europe
- Higher Price Than Expected for the Base Model
- Pricing Details and Trim Levels
- Considerations for Taxes and Exchange Rates
- Comparison to Other Electric SUVs on the Market
- Potential Impact of US EV Tax Credit
Kia Announces Initial Pricing for EV9 in Europe, Surprising Customers
Kia has recently unveiled the initial pricing for its highly anticipated EV9 three-row SUV in one European market, shedding light on the cost of the base model. The prices released have caught some customers off guard, as they are higher than initially anticipated.
Initial Pricing Revealed for Kia’s EV9 in Europe
The pricing details for the upcoming Kia EV9 have been a topic of speculation, as the company has yet to announce pricing for the United States market. While deliveries have already begun in Korea, where the EV9 starts at approximately $60,000, the export pricing can often differ. Therefore, the pricing information from the European market offers valuable insights into the potential cost of the vehicle overseas.
Higher Price Than Expected for the Base Model
According to a price list on Kia’s Belgian website, the base model of the EV9, known as the “Earth launch edition,” starts at €74,990. This pricing is higher than what many customers initially expected. It’s worth noting that Kia often uses environmental terms like “Earth,” “Wave,” or “Wind” to describe different trim levels. The options for the base model are limited, with separate prices only listed for swiveling second-row seats and metallic or matte paint. The higher trim level, “GT Line,” comes with an additional cost of €8,900.
Pricing Details and Trim Levels
The pricing mentioned above includes Belgian taxes, which currently stand at 21%. The pre-tax base price of the EV9 is €61,975, which translates to approximately $67,500 based on the current exchange rates. This pre-tax price gives us a closer idea of what the pricing might look like in the United States.
However, it’s important to note that this pricing is for the 99.8kWh “large battery” version of the EV9. The pricing for the “standard” 76.1kWh version has not been revealed yet. Typically, the standard version would be offered at a lower cost, providing a discount compared to the larger battery option.
Considerations for Taxes and Exchange Rates
Once the standard-battery model is available, the base price could be closer to $60,000. However, it is still more expensive than Korean pricing, where the large battery version is priced at around $60,000. This suggests that foreign models may have a price increase of approximately 10% compared to the domestic market.
It’s important to consider that exchange rates and tax regulations can impact the final pricing of vehicles in different regions. The pricing for the EV9 in the United States might differ, but the information from Europe indicates the potential range.
Comparison to Other Electric SUVs on the Market
Compared to other electric SUV offerings, the EV9’s pricing places it in the mid-range. Assuming an eventual base price of approximately $60,000 for the standard model, it would be higher than the Tesla Model Y and Mercedes EQB, which start at around $53,000 with less spacious rear seats. However, it would align with or slightly less than the expected pricing for the roomy three-row ID. Buzz. It would also be significant.
