Kelley Blue Book: The 2023 Genesis GV60: The first all-electric SUV from Genesis has a 248-mile range, a crystal ball and is made in the U.S.

by | Nov 25, 2022 | Stock Market

Pros
Generous standard equipment

All-wheel drive included

Maximum range of 248 miles

Performance version’s boost function

Powertrain and battery warranties of 10 years/100,000 miles

Cons
A bit of a learning curve with the technology

What’s new?
The Genesis GV60 is all-new for 2023

It’s the first all-electric SUV from Genesis

Also the first Genesis made in the United States

The all-new 2023 Genesis GV60 is an all-electric luxury compact SUV. It starts at $58,890. Like every other Genesis, the 2023 Genesis GV60 comes with lots of standard equipment, including several features that would be optional in rivals — like a head-up display, a Bang & Olufsen
BO,
-0.71%
audio system, and every major driver-assistance feature.

This new GV60 comes in Advanced AWD and Performance AWD variants, with AWD signifying all-wheel drive as standard. Maximum range is 248 miles. This is also going to be the first Genesis to be built in the United States at Hyundai’s plant in Montgomery, Alabama. The new GV60 shares a dedicated electric vehicle (EV) platform with the Hyundai
HYMTF,
-1.39%
Ioniq 5 and Kia
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-0.76%
EV6. But the differences that make this a special Genesis model include several high-tech features, the aforementioned generous equipment inventory, and a lot of design flair.2023 Genesis GV60 pricing The Advanced AWD version of the 2023 GV60 electric SUV has a manufacturer’s suggested retail price (MSRP) of $58,890, plus a destination charge. It’s $67,890 for the Performance AWD model. Apart from premium paint, there aren’t many options. A federal tax credit of up to $7,500 is applicable, plus any state incentives. Genesis adds three years of complimentary 30-minute fast-charging sessions using the Electrify America nationwide network. There’s also three years of complimentary maintenance with a valet service, and the same for the Genesis Connected digital services subscription. Initially, Genesis will sell the 2023 GV60 in California, New York, New Jersey, and Connecticut, with other states phased in over time. Other possible choices are the new-for-2023 Lexus RZ 450e (from around $50K, range: 225 miles), plus the Audi Q4 e-tron (mid-$40K, 241 miles), Volvo XC40 Recharge (mid-$50K, 223 miles), dual-motor Polestar 2 (low $50K, 248 miles) and the Tesla Model Y (low $60K, 318 miles). The Model Y is no longer eligible for …

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