Despite talk of an electric vehicle “slowdown,” Kia EV9 sales are surging. The electric SUV is on track to reach 50,000 within its first year of launching after being “well received in overseas markets.”
Kia EV9 sales are surging in its first year on the market
After officially unveiling its first three-row electric SUV in March 2023, Kia kicked off EV9 deliveries in Korea last June.
Since hitting the market, over 48,000 EV9s were sold globally through April. According to industry sources (via KEDGlobal), Kia EV9 sales are likely to reach 50,000 in May. The sources said Kia has been selling 2,000 to 3,000 EV9s a month.
Exports of the electric SUV accounted for 81.4% (39,309 units) of Kia’s total sales volume during its first 11 months on the market. Between January and April 2024, the EV9 accounted for 93% of exports.
The momentum has picked up this year, with 12,211 EV9s sold overseas through the first four months of 2024. Of them, 5,579 were shipped to the US, Kia’s largest sales market.
“The EV9 became an outstanding large electric SUV as it was well received in overseas markets,” an industry source in Seoul explained.
Kia EV9 GT-Line (Source: Kia)
Meanwhile, despite a strong start in its home market, EV9 sales have struggled to gain traction. Only 970 EV9 models were sold in Korea between January and March 2024.
Several reports from Korea note that higher prices and early quality issues are causing slow domestic sales. To help boost sales, Kia cut EV9 prices by up to $2,620 (KRW 3.5 million) in February.
Kia EV9 interior (Source: Kia)
Charging ahead in 2024
In the US, the EV9 helped Kia achieve a record EV sales month in April. Kia sold 1,572 EV9s in April, for a total of 5,579 year-to-date.
Kia expects EV sales to continue surging, with its entry-level EV3 launching later this year. After previewing a series of affordable electric models at its first annual EV Day in October, Kia revealed more details for the new EV3 last week.
Kia EV3 GT-Line (Source: Kia)
The EV3 will launch in Korea in July, followed by Europe in the second half of the year. Kia said it plans to expand EV3 sales to other overseas markets but did not specify which ones. It’s expected to start around $30,000.
Next year, Kia will follow it up with the EV4, its take on an entry-level electric sedan. The EV4 is expected to start at around $35,000 as Kia looks to meet the growing demand for affordable EVs.
Kia EV lineup from left to right: EV6, EV4, EV5, EV3, EV9 (Source: Kia)
Electrek’s Take
Kia’s (and Hyundai’s) dedication to electric vehicles is already showing. After launching the EV9 last year, with starting prices under $55,000, Kia called its large electric SUV a “wake-up call” for the industry.
Can Kia maintain its strong performance with new competition, such as the Chevy Blazer EV, Chevy Equinox EV, and Honda Prologue?
Kia is expected to begin EV9 production in the US this month, which will qualify it for a portion of the federal tax credit and increase its competitiveness.
To clear inventory, Kia is also offering massive deals on its electric vehicles in the US. With stackable savings, Kia offers up to $12,800 off 2024 EV6 and EV9 models.
Are you ready to take advantage of some of Kia’s biggest discounts so far? We can help you get started today. Check out our links below to see Kia EV9 and EV6 deals in your area.
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Tern’s popular Vektron folding e-bike just got a big upgrade for the US market. The urban mobility brand has announced the launch of the fourth-generation Vektron, now available in two models, including a long-awaited belt-drive option that promises lower maintenance and a cleaner ride.
The Vektron has been a fan favorite for years, appealing to city riders, multi-modal commuters, and travelers who want a premium e-bike that folds quickly and stores easily. The new version retains its fast-folding frame, Bosch mid-drive motor, and compact portability, but introduces key improvements in comfort, ride quality, and drivetrain options – most notably the new Vektron P5i with a Gates Carbon Belt Drive. While the new version came to other markets a few months ago, the US is finally getting a chance to ride the new model.
“The Vektron has been a solid favorite of Tern riders, whether they are multi-modal commuters, urban dwellers in need of an e-bike that stores in minimal space, or campers looking to easily include an e-bike in their travels, ” explained Steve Boyd, General Manager at Tern USA. “This 4th generation introduces several important improvements while retaining its category-leading combination of Bosch mid-drive power, superior ride quality, and incredibly fast and easy folding action. We’ve also added a belt drive model and, through careful component choices, managed to deliver competitive pricing despite cost increases due to tariff pressures.”
Paired with a Shimano Nexus 5 internally geared hub, the Vektron P5i is designed for ultra-low maintenance and daily convenience. For those who prefer a traditional derailleur setup, the Vektron P10 is still available with a 10-speed Shimano Deore drivetrain and a more aggressive geometry.
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But it’s not just the drivetrain that got a refresh. Tern borrowed design elements from its popular GSD and HSD cargo bikes to give the Vektron a more upright and comfort-focused cockpit. Riders get a taller stem, swept-back handlebars, and better weight distribution, offering a more relaxed riding posture ideal for urban cruising.
Despite its compact size, the Vektron delivers big design features. Reinforced frame components, including Tern’s robust OCL+ folding joint, give it a stable and confidence-inspiring ride that the company says sets it apart from other folders on the market.
Folding takes less than 10 seconds, and once compacted, the bike rolls easily on its own wheels – no awkward lifting required. It tucks neatly under a desk or next to a workstation, offering a secure indoor parking solution for city riders wary of bike theft.
Importantly, both new Vektron models are UL 2849 and EN 15194 certified, ensuring the electrical systems meet rigorous safety standards – a welcome reassurance in a market increasingly crowded by low-cost, uncertified imports.
The Vektron P10 will retail for $3,699 USD, while the belt-drive P5i model comes in at $4,099 USD. Both are expected to land in North American bike shops by the end of the year.
Electrek’s Take
Tern definitely deserves its place as one of the leaders in premium folding e-bikes that don’t compromise on ride quality. The addition of a belt-drive model is a major win for commuters and anyone tired of greasy chains and derailleur tune-ups. And in a market where safety certifications are becoming more critical, it’s good to see Tern doubling down on UL compliance. With the new Vektron, it looks like the Goldilocks of folding e-bikes just got even better.
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Burlingame, California-based Peak Energy just scored a huge win for sodium-ion batteries. The company announced a multi-year deal with utility-scale battery storage developer Jupiter Power to supply up to 4.75 GWh of sodium-ion battery systems between 2027 and 2030.
Under the agreement, Peak will deliver 720 MWh of storage in 2027 – the largest single sodium-ion battery deployment announced so far. The deal also includes an option for an additional 4 GWh of capacity through 2030, bringing the total contract value to more than $500 million.
Sodium-ion vs. lithium-ion
Peak Energy says its sodium-ion batteries degrade less over time and have lower operations and maintenance costs than lithium-ion systems. Because the batteries don’t degrade as quickly, operators don’t need to add more capacity later in a project’s life to maintain performance. They also use a fully passive cooling system that eliminates pumps, fans, and other components used in lithium-ion setups, reducing maintenance and safety risks.
The company claims its grid-scale sodium-ion system uses up to 97% less auxiliary power, offers about 30% better cell degradation performance over 20 years, and comes with a lower total cost of ownership.
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Why this deal matters
The agreement marks a significant step forward for the emerging sodium-ion sector, which has been gaining momentum as a safer and lower-cost alternative to lithium-ion for long-duration and grid-scale energy storage. It also underscores the growing effort to build a domestic sodium-ion battery supply chain in the US.
“From day one, we’ve believed sodium-ion will be the winning technology for grid-scale storage, which is essential to meet rising demand from hyperscalers and AI,” said Landon Mossburg, Peak Energy’s CEO and cofounder. “Deploying the world’s largest sodium-ion energy storage system with one of the nation’s top independent power producers proves that sodium is ready for today and will dominate the future.”
Mike Geier, CTO at Jupiter Power, said the company is “excited to support domestic battery energy storage manufacturing as we continue to increase the deployment of firm, dispatchable energy when and where it’s most needed,” and called Peak’s approach to sodium-ion “a potential game changer for the industry.”
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Lexus claims the new ES “takes sedan styling, luxury, and refinement to a higher level” with a complete redesign. With the 2026 ES arriving soon, Lexus offered a closer look at the upgrades inside and out.
The new 2026 Lexus ES debuts in EV and hybrid forms
The eighth-gen ES is bringing more than a sharp new style. Lexus overhauled its flagship sedan from the ground up for the 2026 model year, which will include battery electric (BEV) and hybrid (HEV) powertrain options.
Inspired by the radical LF-ZC show car, the 2026 ES has been fully redesigned with what Lexus calls the “Experience Elegance and Electrified Sedan” concept, aimed at further refining the driving experience.
The new design centers on a redesigned “spindle body” that extends from the hood to the bumper. It also features a redesigned grille, replacing the signature Lexus spindle grille as the brand looks for a new identity in the electric era.
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Inside, the new 2026 ES features the latest version of the Lexus Interface multimedia system. The setup includes a 14″ touchscreen with wireless Apple CarPlay and Android Auto, and a 12.3″ driver display cluster.
The 2026 Lexus ES 350e (Source: Lexus)
Based on the redesigned TNGA GA-K platform, the new ES will be available in battery electric (BEV) and hybrid (HEV) powertrains for the first time.
The 2026 Lexus ES lineup consists of two models: the ES 350e, a front-wheel-drive (FWD) model, and the ES 500e, an all-wheel-drive (AWD) model.
The 2026 Lexus ES 350e interior (Source: Lexus)
Lexus expects the ES 350e to have a driving range of 300 miles when fitted with 19″ wheels, while the ES 500e has an estimated driving range of 250 miles.
Both the ES 350e and 500e feature a built-in NACS port to recharge at Tesla Superchargers. Using DC fast charging, it can recharge from 10% to 80% in about 30 minutes under “ideal conditions,” according to Lexus.
With its debut just around the corner, Lexus offered a closer look at the new 2026 ES inside and out in a new video.
Lexus has yet to announce prices, but the redesigned ES is expected to start at about $45,000 to $50,000, or slightly more than the outgoing model.
After launching the upgraded RZ earlier this month, Lexus said the ES would be next. It’s expected to go on sale in Spring 2026.
What do you think of the redesigned 2026 ES? Do you like the new Lexus design? Let us know your thoughts in the comments below.
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