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2023 Genesis Electrified GV70 front

2023 Genesis Electrified GV70 Priced From $66,975, Has EPA-Rated 236 Miles of Range [Updated]

Starting prices are more than $20,000 above the base gas-powered GV70

  • Genesis' third EV is the electrified version of the GV70 crossover.
  • Pricing starts at $66,975, over $20,000 more than the gas version.
  • The EPA rates the SUV at 236 miles of range.
  • It's available exclusively with two motors and all-wheel drive.

Now the third electric vehicle issued by the smoking-hot Genesis brand, the Electrified GV70 is the follow-up to the GV60 SUV and Electrified G80 sedan EVs. The Electrified GV70 is the first model made in America — built at Genesis’ Montgomery, Alabama, manufacturing facility — but until now, we had no idea how much the new electric SUV would cost. The veil is now lifted, as Genesis announces Electrified GV70 prices will start at $66,975, including destination charges.

The gas-powered GV70 was Genesis' first compact SUV and officially launched for model year 2022. Served up with a peppy turbocharged 2.5-liter four-cylinder or a twin-turbocharged 3.5-liter V6 powerplant, the fossil-fuel version of the GV70 starts at $44,275. That’s more than $20,000 less than the electrified GV70. That said, the Electrified GV70 in its base Advanced AWD trim level appears to be comparable in terms of features and performance to the GV70 3.5T AWD Sport Advanced, which is about $5,500 less than its EV cousin. Not a huge premium, then, for the fully electric powertrain.

2023 Genesis Electrified GV70

If you want all the GV70 has to offer, the gas-powered GV70 tops out at just above $66,000, while the pinnacle of the Electrified GV70 range retails for $73,775. Both have similar features, including upgraded leather, a microfiber suede headliner, head-up display, 3D instrument cluster, upgraded audio system, heated seats in the second and first rows, and rear door shades.

Genesis includes as standard its full set of available driver assist technology, which includes adaptive cruise control and lane centering assistance; the automaker says “safety is never an option.” The Electrified GV70 also includes a fingerprint authentication system that allows the driver to unlock the car with a smartphone, then touch the fingerprint sensor and push the engine start button, removing the need for a physical key or fob. With a maximum 483 horsepower on tap, it might feel a little like a hot rod once the accelerator is pinned to the floor.

A not-so shocking range figure

Genesis published an EPA-estimated range of 236 miles on its website. This figure is almost dead-on with its powertrain-sharing sibling, the GV60 Performance (235 miles). Keep in mind, our Edmunds real-world test loop showed a much better result, so the same could be true of the Electrified GV70. Even so, that EPA number will still feel low for some, especially considering the price.

While Genesis denied any other configurations are on the horizon, it wouldn't surprise us to see a single-motor version with smaller wheels somewhere down the line. This would bring the car closer to the magic 300-mile number that so many customers are looking for with their EVs.

Expected to rival Tesla's Model Y, the GV70 has it beat in design and interior plushness. However, at that starting figure of nearly $67,000, Tesla fans may not turn their head since the Model Y starts closer to $56,000 at current prices. Electrified GV70s are rolling off the production line now and will arrive in dealerships in the next few weeks.

Edmunds says

At this price, the Electrified GV70 has some stiff competition, and an estimated range of 236 miles may leave something to be desired for customers. We'll see how the SUV does in our Edmunds real-world range test, hopefully in the coming months.