Aleen Brown
Kia is spearheading an “EV Festa” in Korea, announcing substantial price cuts on its electric models – the EV6, EV9, and Niro EV. These reductions, reaching up to $10,000 (KRW 13.56 million), showcase Kia’s commitment to accelerating the adoption of electric vehicles. This strategic move is not only a testament to Kia’s dedication to making sustainable mobility more accessible but also a significant milestone in their electric vehicle strategy.
The initiative aims to stimulate the market, inviting more drivers to join the electric revolution by offering compelling pricing on these eco-friendly models. The “EV Festa” reflects Kia’s proactive approach to shaping the future of the automotive industry, emphasizing both affordability and the transformative potential of electric driving.
Kia reduces electric vehicle prices in South Korea.
Kia has unveiled plans for an event they’re dubbing “EV Festa,” a dynamic initiative aimed at ramping up the production of electric vehicles while also extending extra perks to prospective buyers. This innovative move not only underscores Kia’s dedication to advancing the electric vehicle sector but also emphasizes their commitment to providing added advantages for customers exploring the world of electric mobility. The “EV Festa” promises to be a vibrant celebration, intertwining the growth of sustainable transportation with exciting benefits for those considering a switch to electric driving.
Aligned with the latest government incentives for electric vehicles, Kia is rolling out a strategic initiative that involves substantial manufacturing discounts on key electric models. This proactive program extends significant cost benefits to potential buyers, covering a range of popular electric vehicles such as the EV6, EV9, and Niro EV. Essentially, Kia is not only embracing the government’s push for electric mobility but is also taking bold steps to make sustainable driving more affordable and accessible to a broader audience. This initiative serves as a testament to Kia’s commitment to both environmental consciousness and customer support in the rapidly evolving landscape of electric vehicles.
| Kia electric model | New price (with subsidies) | Old price | Difference |
| EV6 Long Range (2WD 19″) | KRW 39.04 million ($29,300) | KRW 52.6 million ($39,500) | KRW 13.56 million ($10,200) |
| EV9 (2WD 19″) | KRW 65.19 million ($48,900) | KRW 73.37 million ($55,100) | KRW 8.18 million ($6,200) |
| Niro EV Air (2WD 19″) | KRW 38.08 million ($28,580) | KRW 48.55 million ($36,440) | KRW 10.47 million ($7,860) |
Entrepreneurs in small businesses or engaged in agriculture, livestock, fisheries, and forestry can now enjoy exclusive benefits when purchasing the Bongo EV, an electric pickup. Those eligible for this offer stand to receive either a KRW 700,000 ($525) discount on charging expenses or a KRW 300,000 ($225) reduction on the purchase price in cases where no charger is selected.
This initiative not only supports sustainability in various sectors but also recognizes and rewards the vital contributions of those working in these specific industries. It’s a meaningful step toward encouraging eco-friendly practices and making electric vehicles more accessible to those making valuable contributions to sectors crucial for societal well-being.
Kia is making electric vehicle ownership more accessible by offering deferral rates of up to 60% for 36 months and a maximum of 45% for 48 months when using a Hyundai M series card. This initiative aims to lower financial barriers and encourage broader adoption of electric vehicles.
What about the US market?
Kia’s debut electric three-row SUV is creating quite a stir in the United States. Since its launch late last year, the company has successfully delivered 1,118 EV9s in December and an additional 1,408 units last month. With the momentum building up, Kia anticipates a monthly sales target of approximately 2,000 EV9s, showcasing a promising and growing demand for their electric three-row SUV in the American market. The initial reception and delivery figures hint at a positive trajectory for Kia’s venture into the electric SUV segment.
Kia’s new three-row electric SUV boasts a generous 42.8 inches of rear legroom, surpassing competitors such as the Cadillac Escalade, 3-row Range Rover P400, and Mercedes EQS. This feature positions Kia as a leader in providing spacious and comfortable seating in the electric SUV market.
Revving up the competition with an enticing starting price just shy of $55,000, Kia proudly introduces the EV9 as a “wake-up call to the industry.” This larger-than-life electric SUV is not just a vehicle; it’s a bold proclamation of Kia’s commitment to electric innovation. Positioned as a game-changer, the EV9 invites drivers to buckle up for an electrifying journey, signaling a dynamic shift in Kia’s automotive narrative. Get ready for an industry shake-up as the EV9 takes center stage, promising not just a drive but an electric revolution on wheels.
Sierra Sesay