Genesis will offer Electrified GV70 with 2 loaded trims for under $80,000

Genesis will offer two well-equipped trim levels of its 2023 Electrified GV70 for under $80,000 when it goes on sale early this year.

Buyers who fall under certain income requirements can take advantage of the federal $7,500 tax credit, making pricing of the premium electric vehicle more competitive.

The compact crossover will be offered in Advanced and Prestige trim levels, both configured in an all-wheel-drive layout with a 160-kilowatt motor in front and a 160-kW motor at the rear powered by a 77.4-kilowatt-hour battery.

Genesis has not yet released the EV's battery range, but when it was revealed ahead of the 2022 Los Angeles Auto Show in November, officials estimated it would be close to 250 miles.

That would be in the range of its GV60 stablemate, which, when equipped with the Advanced package, has a range of 246 miles. The Performance GV60 offers 235 miles of range.

Unlike the GV60, the Electrified GV70 is not built on Hyundai's E-GMP architecture, but on a conventional platform that's been retooled for electrification at the Hyundai factory in Montgomery, Ala.

The Electrified GV70 offers ultrafast charging and will be able to recoup 80 percent of its battery capacity when hooked up to a DC fast charger.

The Advanced trim level, priced at $66,975 with a $1,125 destination fee, features 20-inch alloy wheels, a panoramic sunroof and a hands-free power liftgate. It is loaded with Genesis' advanced driver-assistance safety technology, including adaptive cruise control and lane centering as well as highway driving assistance. Intelligent speed limit assistance, driver attention warning, high beam assist and a surround-view monitor are also included.

Inside, the Advanced offers leather seating, heated and ventilated front seats, navigation on a 14.5-inch high-definition screen and an 8-inch digital cluster mixed with analogue gauges. Apple CarPlay and Android Auto compatibility, a wireless smartphone charger and access to Genesis digital key are all standard.

The Prestige, which costs $73,775 with a $1,125 destination fee, adds Nappa leather seating, leatherette wrapping on the upper instrument panel and a microfiber headliner. It features a larger 12.3-inch digital instrument cluster, head-up display, Lexicon premium audio, plus heated steering wheel and heated second-row seats. Manual rear door shades also are standard.