‘Game-Changer': Kia EV3 Gets Over 10,000 Reservations In 23 Days

‘game-changer': kia ev3 gets over 10,000 reservations in 23 days

Kia EV3 Korea

What demand problem? Kia's affordable EV3 is already a hit in its home market.

In the wake of so many pessimistic news pieces about a slowdown in the EV industry, Kia comes along with its boxy EV3 and asks, “What slowdown?”

That’s because the recently revealed entry-level electric crossover amassed over 10,000 reservations in its home country of South Korea in less than a month, prompting the company’s boss of domestic business, Jeong Wonjeong, to call it “a game changer.”

Specifically, the Kia EV3, which will come to the United States most likely toward the end of the year, needed just 23 days to convince a whole lot of people to buy it after sales began early last month, Korean business publication Consumerwide reported. The news was first cited in the West by Electrek.

More Stories Like This

    For context, the EV3’s biggest rival, the Volvo EX30, sold 11,000 units in May–globally. That speaks volumes for the potential of Kia’s new entry-level electric crossover, as well as the somewhat inflated narrative about a dwindling demand for EVs.

    As it turns out, people want more affordable cars and not just $50,000+ EVs that might only fully utilize their driving range once or twice a year, and even then it wouldn’t be a problem seeing how the charging infrastructure is much better suited to road-tripping electric vehicles than it was a decade ago. According to J.D. Power, the number of failed charging attempts at public providers in the first quarter was 20%, but some of the biggest names in the industry fared much better, with Electrify America at 9% and Tesla at 5%.

    Getting back to the Kia EV3, the base model, which starts at the equivalent of $30,700 in Korea, is available with either a standard- or long-range battery that enables a range of up to 311 miles. For global markets, Kia said it’s aiming for a range rating of about 300 miles, with U.S. pricing expected to be somewhere around the $35,000 mark.

    That kind of cash brings a car that has vehicle-to-load, a heat pump, two 10.25-inch displays and a bunch of other clever stuff as standard.

    Get the best news, reviews, columns, and more delivered straight to your inbox. Sign up

    For more information, read our

    Privacy Policy and Terms of Use.

    OTHER NEWS

    3 hrs ago

    2 Millionaire-Maker Growth Stocks

    4 hrs ago

    ECB accounts show worries about stalling disinflation

    4 hrs ago

    China's CICC eyes Southeast Asia expansion in bid to ease domestic woes

    4 hrs ago

    Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade

    4 hrs ago

    Forget Chevron? Buffett Is Buying Up This Energy Stock Instead

    4 hrs ago

    Ellen DeGeneres cancels four comedy stand-up dates

    4 hrs ago

    Bearman explains F1 race number choice as he reveals “amazing” Hamilton video

    4 hrs ago

    UK new car sales top 1 million in H1 despite commercial-private divide, data shows

    4 hrs ago

    Foxconn gets licence to invest $551 million more in Vietnam, media reports

    4 hrs ago

    Johnson Sakaja denies hiring goons after video of armed men at City Hall: "I was in Diani"

    4 hrs ago

    ‘Don’t be quick to change your surname on legal documents’ – Shade Ladipo tells married women

    4 hrs ago

    Noise and steam as first blast furnace closes in Port Talbot

    4 hrs ago

    Nvidia Stock Exploded in 2024: How to Protect Your Portfolio From a Reversal for the Rest of the Year

    4 hrs ago

    Euro 2024: I feel sorry for you – Foden tells Southgate ahead of Switzerland clash

    4 hrs ago

    2 Millionaire-Maker Artificial Intelligence (AI) Stocks to Buy in 2024

    4 hrs ago

    Forget Eli Lilly: 3 Biotech Stocks to Buy Instead

    4 hrs ago

    Forget Nvidia: This Stock-Split AI Stock Could Be a Better Buy

    4 hrs ago

    Nvidia Owns 4 Artificial Intelligence (AI) Stocks, and These 2 Have Soared the Most

    4 hrs ago

    Miss Universe Vietnam Nguyen Tran Khanh Van to marry photographer 17 years her senior

    4 hrs ago

    5 Low-Cost Vanguard ETFs for a Lifetime of Passive Income

    4 hrs ago

    Cartoon Junkie Builds Mach 5 From Speed Racer

    4 hrs ago

    Flash floods warning after Hurricane Beryl hits Jamaica

    4 hrs ago

    Reaction to EU duties on China-built EVs

    4 hrs ago

    Last season of excavation starts at Roman fort

    4 hrs ago

    Kenyan Police patrol Haitian Capital

    4 hrs ago

    EPL: Ten Hag speaks out after signing new contract with Man Utd

    4 hrs ago

    England XI: ‘Private’ Southgate admission to force ‘radical change’ for Euro 2024 quarter-final

    5 hrs ago

    Ricciardo defends “tough racer” Verstappen after Norris F1 Austrian GP clash

    5 hrs ago

    History Says the Nasdaq Will Soar: 2 Remarkable Growth Stocks to Buy Now for the Bull Market

    5 hrs ago

    Prediction: Nvidia Can Plunge by Up to 56% in the Second Half of 2024

    5 hrs ago

    Russian shadow fleet exploits Danish Strait, puzzles Denmark

    5 hrs ago

    Governors not against living wage – Oyebanji tells workers

    6 hrs ago

    Indian officials visit Foxconn iPhone plant, question executives about hiring

    6 hrs ago

    ECB continues to see easing wage pressures, chief economist says

    6 hrs ago

    5 Historically Cheap Artificial Intelligence (AI) Stocks You Can Confidently Buy for the Second Half of 2024 (and Nvidia Isn't 1 of Them!)

    6 hrs ago

    EU slaps tariffs of up to 38% on Chinese electric vehicles

    6 hrs ago

    How do you Singleton? A whisky discovery and personalization journey

    6 hrs ago

    3 Steps to Claiming the $4,873 Max Monthly Social Security Benefit

    6 hrs ago

    Exclusive-ECB policymakers urge review of QE consequences

    6 hrs ago

    Asian stocks draw robust foreign inflows on US rate outlook, tech rally