After launching the EV9 last fall, Kia’s first three-row electric SUV is already outselling the Toyota bZ4X. Kia EV9 sales nearly doubled that of Toyota’s electric SUV in its first full month on the US market.
Kia opened EV9 pre-orders in October after seeing “significant consumer interest,” according to the brand’s VP of sales, Eric Watson.
Less than two months later, the EV9 received reservations in all 50 US states. Kia calls the EV9’s $54,900 starting price an industry “wake-up call.” At 197.2″ long, the EV9 is slightly bigger than the Telluride but has the same height and width.
Kia says the EV9 features “true SUV capabilities” with over 81 cubic feet of cargo space (behind the first row), up to 5,000 lbs towing capacity, and seating for seven adults.
Despite its boxy design, the EV9 features a drag coefficient of 0.28. This enables the electric SUV to get up to 304 EPA-est miles range. With 350 kW DC fast charging, the EV9 can charge from 10% to 80% in 24 minutes to get you back on the road quickly.
Inside, the EV9 includes Kia’s next-gen ccNC infotainment. This includes dual 12.3″ screens and a 5″ HVAC screen.
Kia builds the EV9 in South Korea, but production is slated to move to its West Point, GA facility this year.
Kia EV9 tops Toyota’s bZ4X in US December sales
Kia and Hyundai reported new sales records last year as EV demand continues building. Kia sold 18,879 EV6 electric cars in 2023, down from 20,498 in 2022.
Meanwhile, Kia expects the EV9 launch to jumpstart the brand’s momentum. ” Sean Yoon, Kia America CEO, said, “Groundbreaking vehicles like our new flagship EV9 EV three-row SUV showcase Kia’s unique ability to elevate expectations and push boundaries.”
Yoon added, “We intend to accelerate our growth trajectory in 2024” with new models like the EV9.
Kia EV9 sales reached 1,113 in the US last month. That’s 444 more than the 669 bZ4X models Toyota sold in December. Sales of Toyota’s electric SUV were only up 9.6% YOY despite overall sales rising over 22%.
Hyundai Motor (including Kia and Genesis) plans to be a top three EV producer by the end of the decade. By producing unique, functional EVs, the South Korean automakers are gaining ground in the US market.
Eletrek’s Take
While Toyota has stuck to its hybrid approach, including gas-powered hybrids, Kia and Hyundai are doubling down on EVs.
The South Korean automakers are achieving record growth on the back of their unique EV models. Hyundai’s IONIQ 5, IONIQ 6, and Kia’s EV6 and EV9 are dedicated EVs built on the brand’s E-GMP platform.
Hyundai and Kia are already gearing up for next-gen EVs with a new dedicated “eM” platform due out in 2025. The brand’s new IMA system “encompasses nearly all vehicle classes, ranging from small and large SUVs to pickup trucks,” Chang said.
In 2030, Hyundai plans to build 3.64 million EVs annually with 31 electric models from the Hyundai, Kia, and Genesis brands.
Meanwhile, Toyota’s bZ4X uses the company’s e-TNGA platform, a modified architecture that shares parts with gas-powered vehicles.
Toyota’s first dedicated EV platform is expected to launch in 2026. Despite big claims of next-gen battery tech and other advancements to boost range and cut costs, Toyota still has little to show.
On the other hand, Hyundai will be a brand to keep an eye on as the industry shifts to electric.
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The California Air Resource Board (CARB) has withdrawn its request to enact the proposed Advanced Clean Fleets rule, which required fleets that are “well-suited for electrification” to reduce emissions through the phase-in of Zero-Emission Vehicles (ZEVs) and the banning of commercial diesel sales after 2035.
“Frankly, given that the Trump administration has not been publicly supportive of some of the strategies that we have deployed in these regulations, we thought it would be prudent to pull back and consider our options,” CARB chair Liane Randolph said in an interview. “The withdrawal is an important step given the uncertainty presented by the incoming administration that previously attacked California’s programs to protect public health and the climate and has said will continue to oppose those programs.”
Here’s hoping the BEVs and ZEVs have better luck next round.
Electrek’s Take
While some may celebrate the delay of the Advanced Clean Fleets rule, their celebrations will undoubtedly prove to be myopic and short-lived. The reality is that America is no longer the world leader in technology or transportation that backward organizations like the American Trucking Association believe it to be, and the fact is that delaying a transition to cleaner, more efficient technology will only put the US further behind its economic rivals in Asia and the Middle East.
Even before this Pyrrhic victory for American truck brands that have been slow to push BEVs into production, demand for diesel was at a generational low, and companies like Volvo, Renault, and Mercedes-Benz have been logging millions of electric miles on their deployed trucking fleets.
All of which is to say: if you thought it was going to be hard for American brands to catch up before, it’s going to be even harder now.
In an official announcement released at 8:15PM last night, Walmart-backed electric van company Canoo filed a voluntary petition for relief under Chapter 7 of the US Bankruptcy Code and will cease operations immediately.
“We would like to thank the company’s employees for their dedication and hard work,” said Tony Aquila, Canoo CEO and one of the company’s largest investors (according to the press release). “We know that you believed in our company as we did. We are truly disappointed that things turned out as they did. We would also like to thank NASA, the Department of Defense, The United States Postal Service (‘USPS’), the State of Oklahoma and Walmart for their belief in our products and our company. This means a lot to everyone in the company.”
As a result of the chapter 7 filing, Canoo will cease operations effective immediately, 8:15PM on 17JAN2025. The next step in the company’s dissolution will see a court-appointed trustee manage the liquidation of the company’s remaining assets.
Electrek’s Take
Rumors fueled by outspoken former employees of Canoo began circling late last year, with furloughed employees urging Oklahoma state leaders to “hold the electric vehicle company accountable” after it shuttered the OK production line that had received more than $100 million in state incentives.
The same employee claims that the company was being wildly mismanaged, and that what few Canoo vehicles the company said it had built in the Oklahoma plant were actually built in Texas, and that no vehicles were actually ever built in OK. “Nothing was functioning,” the unnamed employee said, speaking to local news channel KFOR. “There was no, there was not one robotics line that actually worked to fabricate a part.”
You could argue that the employees should also be held accountable for happily collecting paychecks without actually producing anything this whole time, but that’s a conversation for another day. For now, I’ll be mourning the loss of what could have been a fun little domestic off-roader, and hoping Canoo’s employees find a soft landing and better jobs elsewhere.
The US Department of Energy (DOE) today announced $1.2 billion in financing to replace Puerto Rico’s fossil fuel plants with solar and battery storage through 2032.
The DOE’s Loan Programs Office announced two conditional commitments and one loan closing to power producers in Puerto Rico. Each supports a project contracted with the Puerto Rico Electric Power Authority. The announcements include:
The closing of a $584.5 million loan guarantee to subsidiaries of Convergent Energy to finance a 100 MW solar farm with a 55 MW (55 MWh) battery energy storage system (BESS) in the municipality of Coamo and BESS installations in the municipalities of Caguas (25MW/100MWh), Peñuelas (100MW/400MWh), and Ponce (up to 100MW/400MWh)
A conditional commitment for a loan guarantee of up to $133.6 million to a subsidiary of Infinigen for a 32.1 MW solar farm with an integrated 14.45 MW (4.76 MWh) BESS, and a co-located standalone 50 MW (200 MWh) BESS expansion in the municipality of Yabucoa
A conditional commitment for a loan guarantee of up to $489.4 million to a subsidiary of Pattern Energy for three stand-alone BESS in the municipalities of Arecibo (50 MW/200 MWh), and Santa Isabel (50 MW /200 MWh and 80 MW/320 MW), and a 70 MW solar farm with an integrated BESS in the municipality of Arecibo.
If all are finalized, these projects would more than double LPO’s support for utility-scale solar generation and battery energy storage in Puerto Rico.
LPO provides low-cost financing and a rigorous due diligence process, making it a valuable resource for Puerto Rico as it works to rebuild an affordable, reliable, and clean energy system. As a result of reliance on imported fuel, the persistent threat of tropical storms, and underinvested infrastructure, Puerto Ricans today face average energy costs that are twice the US average – all while consuming only one-quarter of the energy of the US per capita.
LPO’s initial loan to a power producer in Puerto Rico, Project Marahu, closed in October 2024, and when complete will add more than 200 MW of solar and up to 285 MW of stand-alone energy storage to Puerto Rico’s grid.
Through its September 2023 partial loan guarantee to Project Hestia, LPO also supports virtual power plant (VPP)-ready rooftop solar and battery storage installations in Puerto Rico. As a nationwide project, Hestia’s sponsor is committed to at least 20% of installations under Project Hestia going to homeowners in Puerto Rico.
As part of its procurement plan, Puerto Rico Electric Power Authority seeks to install 1,500 MW of battery storage and requires a minimum capacity of storage to be co-located with each utility-scale solar project. Energy storage systems currently online in Puerto Rico are being dispatched every day.
When including Marahu, LPO’s closed and conditionally committed financing supports over 100% of the capacity Puerto Rico Electric Power Authority aimed to procure under its initial request for energy storage project proposals, the first of six.
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