Connect with us

Published

on

With its first electric three-row SUV rolling out in the US, Kia just hit a new all-time monthly EV sales record in May. The EV sales growth led to Kia’s second-best-ever US sales month.

Kia EV sales hit a new high in May as new EV9 rolls out

After launching the EV9 in the US late last year, the large electric SUV is quickly gaining traction. Kia sold 2,187 EV9s in May, up 39% month-over-month, leading to a new monthly EV sales record.

Kia’s overall EV sales grew 127%, reaching 7,197, a new record. The EV6, Kia’s first dedicated electric car, also set a new May sales record with 2,260 models sold. Kia has sold 7,766 EV9 and 8,770 EV6 models through the first five months of the year, respectively.

Kia-EV-sales-May
2024 Kia EV9 GT-Line (Source: Kia)

The achievement comes after Kia made history last week with its first EV9 rolling off the assembly line at its West Point, GA, plant. Kia’s EV9 was the first EV assembled from start to finish in the Peach State as the automaker ramps up output.

With EV9 production kicking off in the US, Kia expects the momentum to continue. Kia officials have already confirmed the US-built EV9 will qualify for the $7,500 federal tax credit.

Kia EV9 Trim

MSRP
(including $1,495
destination fee)
EPA Est. Range
(miles)
Light RWD $56,395 230
Light Long
Range RWD
$60,695 304
Wind e-AWD $65,395 280
Land e-AWD $71,395 280
GT-Line e-AWD $73,900 270
2024 Kia EV9 trim prices and range

Starting under $55,000, Kia calls the EV9 an industry wake-up call. Kia’s EV9 is even longer than the Telluride at 197.2″, but it’s roughly the same height and width. It also includes 42.8″ of rear passenger legroom, more than luxury rivals like the Cadillac Escalade and three-row Range Rover P400.

The tech-loaded interior features Kia’s next-gen ccNC infotainment with dual 12.3″ screens and Android Auto/ Google CarPlay support.

Kia-EV9-interior
Kia EV9 interior (Source: Kia)

Kia’s EV9 is seeing strong demand in other overseas markets. The company expects EV9 sales to reach 50,000 globally within the first year on the market.

After the first 11 months, EV9 exports already account for over 81% of Kia’s total sales volume. Through the first four months of the year, the EV9 accounted for 93% of Kia’s exports.

Electrek’s Take

Kia’s record EV sales month comes as sister company Hyundai is also seeing strong demand for its electric vehicles.

Hyundai’s IONIQ 5 had another record sales performance in May, with 4,449 models sold. Based on Hyundai’s dedicated E-GMP platform, Kia’s (and Hyundai’s) EVs, including the EV6 and EV9, offer long-range and fast charging capabilities.

The Korean automaker’s early commitment to EVs is paying off, with strong demand for both new and older electric models.

In an exclusive interview with Electrek, Hyundai America CEO Randy Parker said the automaker is doubling down on its EV strategy as it looks to separate itself from rivals. So far, it seems to be paying off.

Have you been eyeing Kia’s electric vehicles? Now may be the best time to start shopping, with Kia offering up to $12,000 off select EV9 and EV6 models. You can use our links below to view deals on Kia’s EVs at a dealer near you.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

Published

on

By

Lectric Ebikes may be launching a new XP 4 this week, and it could change everything

Lectric Ebikes appears to be preparing for a major new product launch, teasing what looks like the next evolution of its wildly popular folding fat tire electric bike. Based on the clues, it looks like a new Lectric XP 4 could be inbound.

In a social media post released over the weekend, the company shared a minimalist graphic reading “XP4” along with the message “Tune in 5.6.2025 9:30AM PT.” That date – this Tuesday – suggests we’re just hours away from the big reveal of the Lectric XP 4.

If true, this would mark the next generation of the most successful electric bike in the U.S. market. The current model, the Lectric XP 3.0, has become an icon of accessible, budget-friendly electric mobility. Starting at just $999, the XP 3.0 offers a foldable frame, fat tires, a 500W motor, a rear rack, lights, and hydraulic brakes – all packed into a highly shippable design that arrives fully assembled. It’s the kind of package that has helped Lectric claim the title of best-selling e-bike brand in the U.S. for several years in a row.

With the XP 3.0 still going strong, the teaser raises plenty of questions. Will the XP 4.0 be a modest update or a major leap forward? Could we see new features like torque-sensing pedal assist, a location tracking option, or upgraded performance? Or is Lectric preparing a more comfort-oriented variant, maybe even with upgraded suspension or even more accessories included standard?

Advertisement – scroll for more content

The teaser image, which features stylized stripes in grey, blue, and black, may hold some clues. One theory is that the colors represent new trim options or component upgrades. Another possibility is that Lectric is preparing multiple variants of the XP 4.0 – perhaps targeting commuters, adventurers, and off-road riders with purpose-built versions. We took the liberty of a bit of rampant speculation late last year, so perhaps that’s now worth a revisit.

At the same time though, Lectric’s penchant for launching new models at unbelievably affordable prices has never run up against such strong pricing headwinds as those posed by uncertainty in the current US-global trade war fueled by rapidly changing tariffs for imported goods.

lectric xp 3.0 hydraulic
Previous versions of the Lectric XP e-bike line have seen sky-high sales

Whatever the case, Lectric’s knack for surprising the industry with high-value, customer-focused e-bikes means expectations will be high. The brand has built a loyal following by delivering reliable performance at a price point that few can match, and any major update to the XP lineup is likely to ripple across the market.

As a young and energetic e-bike company, Lectric is also known for throwing impressive parties around the launch of new models. It looks like I may need to hop on a red-eye to Phoenix so I can see for myself – and so I can bring you all along, of course.

Be sure to tune in Tuesday at 9:30AM PT to see what Lectric has in store – and you can bet we’ll have all the details and first impressions as soon as they drop.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Environment

U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Published

on

By

U.S. crude oil prices fall more than 4% after OPEC+ agrees to surge production in June

Logo of the Organization of the Petroleum Exporting Countries (OPEC)

Andrey Rudakov | Bloomberg | Getty Images

U.S. crude oil futures fell more than 4% on Sunday, after OPEC+ agreed to surge production for a second month.

U.S. crude was down $2.49, or 4.27%, to $55.80 a barrel shortly after trading opened. Global benchmark Brent fell $2.39, or 3.9%, to $58.90 per barrel. Oil prices have fallen more than 20% this year.

The eight producers in the group, led by Saudi Arabia, agreed on Saturday to increase output by another 411,000 barrels per day in June. The decision comes a month after OPEC+ surprised the market by agreeing to surge production in May by the same amount.

The June production hike is nearly triple the 140,000 bpd that Goldman Sachs had originally forecast. OPEC+ is bringing more than 800,000 bpd of additional supply to the market over the course of two months.

Oil prices in April posted the biggest monthly loss since 2021, as U.S. President Donald Trump’s tariffs have raised fears of a recession that will slow demand at the same time that OPEC+ is quickly increasing supply.

Oilfield service firms such as Baker Hughes and SLB are expecting investment in exploration and production to decline this year due to the weak price environment.

“The prospects of an oversupplied oil market, rising tariffs, uncertainty in Mexico and activity weakness in Saudi Arabia are collectively constraining international upstream spending levels,” Baker Hughes CEO Lorenzo Simonelli said on the company’s first-quarter earnings call on April 25.

Oil majors Chevron and Exxon reported first-quarter earnings last week that fell compared to the same period in 2024 due to lower oil prices.

Goldman is forecasting that U.S. crude and Brent prices will average $59 and $63 per barrel, respectively, this year.

Catch up on the latest energy news from CNBC Pro:

Continue Reading

Environment

Chicago plans more, and more equitable public charging as EV sales climb

Published

on

By

Chicago plans more, and more equitable public charging as EV sales climb

Electric vehicles’ share of the market continues to climb in America’s second city, with BEV registrations up more than 50% in the first quarter of 2025 compared with the same period last year. Great news, but charging hasn’t up – but a new plan from Chicago Department of Transportation aims to build up enough infrastructure for the city to keep up.

In a bid to keep up with the rapid growth of EVs, Chicago Department of Transportation (CDOT is currently seeking public feedback on a plan called “Chicago Moves Electric Framework.” The city’s first such plan, it outlines initiatives that include a curbside charging pilot through the city’s utility, ComEd, and expanded charging access in key areas throughout the city.

Unlike other such plans, however, the new plan aims to focus on bringing electric vehicle charging to EIEC and low income communities, too.

“Through this framework, we are setting clear goals and identifying solutions that reflect the voices of our residents, communities, and regional partners,” said CDOT Commissioner Tom Carney. “By prioritizing equity and public input, we’re creating a roadmap for electric transportation that serves every neighborhood and helps drive down emissions across Chicago.”

Advertisement – scroll for more content

Neighborhoods on the south and west sides of Chicago experience a disproportionate amount of air pollution and diesel emissions, largely due to vehicle emissions according to CDOT. Despite that, most of Chicago’s public charging stations are clustered in higher-income areas while just 7.8% are in environmental justice neighborhoods that face higher environmental burdens.

“Too often, communities facing the greatest economic and transportation barriers also experience the most air pollution,” explains Chicago Mayor Brandon Johnson. “By prioritizing investments in historically underserved areas and making clean transportation options more affordable and accessible, we can improve both mobility and public health.”

The Framework identifies other near-term policy objectives, as well – such as streamlining the EV charger installation process for businesses and residents and implementing “Low-Emission Zones” in areas disproportionately impacted by air pollution by limiting, or even restricting, access to conventional medium- and heavy-duty vehicles during peak hours.

The Chicago Moves Electric Framework includes the installation of Level 2 and DC fast charging stations in public locations such as libraries and Chicago’s Midway Airport, “supporting not only personal EVs but also electric taxis, ride-hail and commercial fleets.”

Chicago has a goal of installing 2,500 public passenger EV charging stations and electrifying the city’s entire municipal vehicle fleet by 2035.

Electrek’s Take

Chicago Drives Electric | ComEd Press Conference
ComEd press conference at Chicago Drives Electric, 2024; by the author.

I hate to sound like a bed-wetting liberal here, guys, but Chicago is getting EVs absolutely right with big utility incentives on both vehicles and infrastructure, a governor willing to stand behind smart environmental policy, and a solid push for more and better infrastructure in the areas where they’ll do the most good. They’re even thinking of the children.

Here’s hoping more cities follow suit.

SOURCE: ComEd, via Smart Cities Dive; featured image by EVgo.

FTC: We use income earning auto affiliate links. More.

Continue Reading

Trending