Introducing the 2024 Genesis GV60 Trim: New Standard RWD!
The 2024 Genesis GV60, a Korean-assembled electric vehicle, introduces a new base model: the Standard new Genesis GV60 trim, which offers a more affordable price point while still providing an array of shiny features. The model sees a reduction in battery capacity to 77 kWh and a single motor providing 255 horsepower, all while boasting an impressive estimated range of 294 miles. This trim begins at $52,000 — $53,195 with destination charges — and, while it features several luxuries like dual 12.3-inch screens and four-way power front seats with heating, it skips on features like the Surround View Monitor and leather seating.
Note that the GV60, including the new RWD trim, is not eligible for a federal EV tax credit. In 2024, all GV60s are slated to have additional standard equipment, including more airbags (bringing the total to 10), a seatbelt pretensioner, and various convenience features like a Wi-Fi hotspot and Advanced Forward Collision Avoidance Assist. Prices on other Genesis GV60 trims are set to increase, with the Advanced and Performance trims getting price bumps and maintaining their respective features and capabilities. The GV60 Performance trim holds steady at an estimated range of 235 miles and offers 21-inch wheels, even with its enhanced motors.
The Advanced trim, post-increase, starts at $60,550 before destination, leading to a total of $61,745. However, despite earlier speculations, this variant continues to feature 20-inch wheels at this price. Still, the possibility remains that the introduction of a 19-inch wheel option could adjust its final cost. Powering this trim is a 77.4-kWh battery, driving a dual-motor powertrain that delivers a combined 314 horsepower and 446 pound-feet of torque. It contrasts the new Genesis GV60 trim, which offers a slightly reduced battery capacity and a single motor, aiming to strike a balance between affordability and luxury.
As for the GV60 Performance trim, its price rises by $1,330, reaching a total of $70,745 after accounting for the destination charge. This performance-oriented model, distinct from the new Genesis GV60 trim, employs the 77.4-kWh battery, but it harnesses more powerful motors, resulting in an impressive combined output of 429 hp and 516 lb-ft. This figure can be boosted further to 483 hp in Boost Mode.
To clarify the distinctions among the Genesis GV60 trims, the new RWD trim seems to strike a balance, offering a lower price point without compromising significantly on features, while the Advanced and Performance trims lean more towards luxury and performance, respectively. However, potential buyers should be aware of the absence of a federal EV tax credit for the GV60, which might influence their final decision.
It will be intriguing to see how the market responds to these new offerings from Genesis, especially considering the increasing demand for electric vehicles and the brand's commitment to merging luxury with sustainability.
The Genesis GV60 launches in the U.S., featuring updated prices and specs. The Advanced trim now costs $60,550, marking a $1,260 increase, with the Performance trim similarly adjusted.