The 2023 Genesis GV60 marks the luxury brand's pioneering venture into a dedicated electric vehicle, built on the advanced E-GMP platform. This stylish compact luxury electric crossover, available in Advanced and Performance trims, debuted for the 2023 model year with pricing typically ranging from around $60,000 to over $70,000. It stands out significantly for its distinctive "athletic elegance" design, lavish interior, rapid acceleration, and cutting-edge technology.
The Good
The 2023 Genesis GV60 excels with its thrilling electric performance, especially the Performance trim's rapid acceleration, coupled with a remarkably quiet and comfortable cabin featuring luxurious materials. Its bold, distinctive design captivates emotionally, while practical buyers appreciate its comprehensive standard tech, solid electric range, and competitive value proposition within the luxury EV segment.
The Bad
Potential weaknesses for the 2023 Genesis GV60 include its slightly limited rear cargo space and compromised rear visibility. While generally comfortable, the Performance trim's larger wheels can result in a firmer ride. Some find the charging network experience inconsistent, and as a luxury EV, insurance costs might be higher than average.
2023 Genesis GV60: Quick Overview
Here is a bullet-point summary of key specifications for the 2023 Genesis GV60:
- Engine Options: The GV60 is exclusively offered with an all-electric powertrain featuring dual electric motors, providing standard all-wheel drive across all available trims.
- Horsepower:
- Advanced Trim: Delivers a robust 314 horsepower.
- Performance Trim: Produces 429 horsepower, which can be temporarily boosted to an exhilarating 483 horsepower for 10 seconds using the "Boost Mode" button.
- Fuel Economy (EPA Estimated MPGe):
- Advanced Trim: Achieves an impressive 103 MPGe combined (105 City / 102 Highway).
- Performance Trim: Rates at 97 MPGe combined (95 City / 100 Highway).
- 0-60 MPH Times:
- Advanced Trim: Approximately 5.5 seconds.
- Performance Trim: An astonishing 3.4-3.6 seconds when utilizing Boost Mode, making it incredibly quick off the line.
- Towing Capacity: The 2023 Genesis GV60 is generally not recommended or rated for towing in the North American market.
- Trim-Level Features:
- Advanced Trim: Comes comprehensively equipped with 19-inch alloy wheels, Leatherette seating surfaces, heated front and rear seats, a heated steering wheel, a 12.3-inch digital instrument cluster paired with a matching 12.3-inch infotainment touchscreen, a premium Bang & Olufsen audio system, a unique Fingerprint Authentication System, Vehicle-to-Load (V2L) functionality, a panoramic sunroof, a power liftgate, and a full suite of advanced driver-assistance systems.
- Performance Trim: Builds upon the Advanced trim by adding 21-inch alloy wheels, luxurious Nappa leather seating, sport pedals, an Electronically Controlled Suspension for enhanced ride and handling, an Electronic Limited-Slip Differential for improved traction, the aforementioned Boost Mode button, a driver's massage seat, an upgraded headliner, and the convenience of Digital Key 2.
2023 Genesis GV60 Specifications
Vehicle Information
| Year | 2023 |
| Make | Genesis |
| Model | GV60 |
| Trim | - |
| Style | All-Wheel Drive |
| Type | Sport Utility Vehicle |
| Category | Standard Small Sport Utility Vehicle 4WD |
Manufacturing Details
| Made In | Korea |
| Manufacturing City | UL-SAN |
Dimensions
| Doors | 4-Door |
| Curb Weight | 2163.18 kg |
| Gross Vehicle Weight Rating | 2721.55 kg |
| Overall Height | - |
| Overall Length | 451.61 cm |
| Overall Width | - |
| Wheelbase Length | 290.07 cm |
| Standard Seating | 5 |
Engine & Performance
| Engine | Electric |
| Engine Size | - |
| Engine Cylinders | - |
| Transmission | 1-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 1-Speed |
| Drivetrain | All-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $59,985 USD |
| Invoice Price | - |
| Delivery Charges | $1,095 USD |
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What Problems Does the 2023 Genesis GV60 Have?
As the 2023 Genesis GV60 represents a relatively new entry into the market, widespread, frequently reported problems are still in the early stages of emerging. However, some initial owner feedback and industry observations have pointed to a few areas to monitor. Minor software glitches and infotainment system quirks have been occasionally reported by early adopters, which are not uncommon for vehicles packed with advanced technology. There have been sporadic mentions of HVAC system noises, though these do not appear to be widespread systemic issues. Inconsistencies with public charging speeds, while often dependent on the specific charging station, have also been noted by some owners. Less commonly, a few users have experienced temporary issues with the Digital Key's connectivity.
Regarding recalls, a significant concern affecting the 2023 GV60, along with other E-GMP platform vehicles from Hyundai and Kia, is a recall related to the Integrated Charging Control Unit (ICCU). This unit is crucial for charging the 12V battery and can potentially fail, leading to a loss of drive power. Owners should ensure any relevant recalls, including the ICCU, have been addressed.
Long-term reliability concerns for the GV60 are largely typical for a modern electric vehicle. These include the natural degradation of the high-voltage battery over many years and cycles, the potential for complex electronic systems and software to develop issues over time, and the general availability and cost of specialized EV maintenance. Given its shared E-GMP platform, any major long-term issues discovered in the Hyundai Ioniq 5 or Kia EV6, particularly concerning the powertrain or charging infrastructure, could potentially apply to the GV60 as well. Since 2023 is its first prominent model year, long-term durability data specific to the GV60 is still accumulating.
How long will the 2023 Genesis GV60 last?
Estimating the average mileage or years of service for the 2023 Genesis GV60 is based on general EV longevity and Genesis's quality. Given the inherent simplicity of electric powertrains with fewer moving parts than ICE vehicles, the GV60's electric motors and core drivetrain components are expected to be highly durable. With diligent maintenance, including regular software updates, tire rotations, brake fluid checks, and attention to the 12V battery, an owner could reasonably expect the GV60 to achieve 150,000 to 200,000 miles or more over 10-15 years of service.
Long-term durability primarily hinges on the high-voltage battery pack's health, which is typically warranted for 8 years or 100,000 miles. Over time, all EV batteries experience degradation, leading to a gradual reduction in maximum range. Beyond the battery, potential long-term weaknesses could involve the complex array of advanced electronics and infotainment systems, which, if issues arise post-warranty, might incur significant repair costs. Wear items like tires (due to the GV60's weight and instant torque), suspension components, and the crucial 12V auxiliary battery will require routine replacement. Overall, with proper care, the GV60 should prove to be a robust and lasting vehicle.
What Technology & Safety Features are Included?
The 2023 Genesis GV60 is a technological showcase, integrating a wealth of built-in tech, entertainment, driver-assistance, and safety features. At its core, the cabin is dominated by an impressive panoramic display, seamlessly combining a 12.3-inch digital instrument cluster and a matching 12.3-inch infotainment touchscreen, providing crisp visuals and intuitive control. Unique features include the captivating "Crystal Sphere" shifter that rotates to reveal itself upon startup, and a novel Fingerprint Authentication System for vehicle access and personalized settings. Vehicle-to-Load (V2L) capability allows the GV60 to power external appliances, while Over-The-Air (OTA) updates ensure the vehicle's software remains current. The Performance trim further enhances convenience with Digital Key 2, allowing owners to use their smartphone as a key, and a Head-Up Display (HUD).
For entertainment, the GV60 boasts a premium Bang & Olufsen audio system, delivering an immersive sound experience. Standard Apple CarPlay and Android Auto integration are present, though surprisingly still wired. A sophisticated navigation system and SiriusXM radio capability complete the offerings.
Genesis's comprehensive suite of driver-assistance features, known as Genesis Safety Sense, is standard and robust. This includes Forward Collision-Avoidance Assist (FCA), Lane Keeping Assist (LKA), Lane Following Assist (LFA), Blind-Spot Collision-Avoidance Assist (BCA), Rear Cross-Traffic Collision-Avoidance Assist (RCCA), and Smart Cruise Control with Stop & Go. Highway Driving Assist 2 (HDA 2) provides advanced semi-autonomous driving capabilities on compatible roads, while Remote Smart Parking Assist (RSPA) allows the vehicle to park itself remotely. A Surround View Monitor enhances parking safety, complemented by Driver Attention Warning and Safe Exit Assist.
In terms of safety, the GV60 is equipped with a full complement of airbags, including front, side, curtain, and driver's knee airbags, alongside standard anti-lock brakes (ABS), electronic stability control, and a Tire Pressure Monitoring System (TPMS). The vehicle has received outstanding crash-test ratings: it earned the Insurance Institute for Highway Safety's (IIHS) highest accolade, the 2023 Top Safety Pick+, and achieved a 5-star overall safety rating from the National Highway Traffic Safety Administration (NHTSA). Most advanced features are standard across the trims, with the Performance model essentially bundling the highest-tier options.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
2023 Genesis GV60 Prices and Market Value
When new, the 2023 Genesis GV60 Advanced trim typically had an MSRP starting around $59,290 to $60,450, while the Performance trim began closer to $67,890 to $68,600, before destination charges and any federal or state tax incentives.
As a very recent model, current used market prices for the 2023 GV60, as of early 2024, generally show a relatively mild depreciation from its initial MSRP, especially for low-mileage examples. Expect a depreciation range of roughly 5-15% from its original sticker price, largely depending on mileage, condition, and market demand.
Depreciation insights for the GV60 are influenced by several factors. Luxury vehicles, as a segment, often depreciate faster than mainstream counterparts. More significantly, the availability of federal and state tax credits for new EV purchases creates a "net" new price that directly impacts the used market; a used buyer who doesn't qualify for these incentives will expect a lower price. Rapid advancements in EV technology and increasing competition could also accelerate depreciation over time. Key factors affecting resale value include the vehicle's overall condition, mileage, remaining battery warranty, and the specific trim level, with the Performance trim often commanding a stronger resale due to its desirability.
2023 Genesis GV60 Cost of Ownership
Long-term ownership of the 2023 Genesis GV60 presents a mixed financial picture. Insurance costs tend to be higher than average due to its luxury segment positioning, advanced technology, and the repair expense of sophisticated EV components. "Fuel" costs, being electricity, are generally very economical, especially with home charging and off-peak rates, offering significant savings compared to gasoline. Routine maintenance is typically lower for EVs, omitting oil changes and having fewer moving parts; expect costs for tire rotations, cabin air filters, and brake fluid flushes, with brake wear being minimal due to regenerative braking. However, potential major repairs for EV-specific components like the battery or electric motors, if they occur outside of warranty, could be substantial. Overall, while daily "fueling" is economical, the GV60 leans towards being a moderately costly vehicle to own over the long term, primarily driven by insurance and potential high-cost component repairs.
2023 Genesis GV60 Fuel Efficiency
Fuel Type
Electric
Fuel Capacity
9.39 liters
City Mileage
0.98 km/l
Highway Mileage
1.15 km/l
2023 Genesis GV60 Safety Rating
NHTSA
2023 Genesis GV60 Warranty
Basic
Original warranty
60 months / 60,000 miles
Estimated remaining
24 months / 60,000 miles
Powertrain
Original warranty
120 months / 100,000 miles
Estimated remaining
84 months / 100,000 miles
Rust
Original warranty
84 months / unlimited miles
Estimated remaining
48 months / unlimited miles
2023 Genesis GV60 Insurance
Insurance for a 2023 Genesis GV60 is moderately priced, reflecting its status as a Sport Utility Vehicle with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2023 Genesis GV60 Compare to Other Sport Utility Vehicle?
The 2023 Genesis GV60 stands as a compelling contender against a strong field of luxury electric crossover rivals, including the Tesla Model Y, Audi Q4 e-tron, Mercedes-Benz EQB, and Volvo C40 Recharge, along with its excellent platform siblings, the Hyundai Ioniq 5 and Kia EV6.
In terms of performance, the GV60, particularly in its Performance trim, is a powerhouse. Its 0-60 MPH time of around 3.4-3.6 seconds rivals or surpasses most direct competitors, including the Model Y Performance, and easily outpaces the Q4 e-tron and EQB. While the Model Y might offer a slightly more raw, track-focused feel, the GV60 blends blistering speed with a refined, agile driving experience.
For features, the GV60 genuinely shines. It comes incredibly well-equipped as standard, boasting unique interior design elements like the Crystal Sphere shifter and Fingerprint Authentication System, alongside a high-quality Bang & Olufsen audio system and luxurious materials. It often delivers more standard luxury and distinctive tech for its price point compared to entry-level German rivals, which typically require expensive option packages to match. Tesla offers cutting-edge infotainment and a superior charging network, but its interior styling is more minimalist.
Reliability for the GV60, being a new model, is still accumulating data. However, Genesis as a brand consistently ranks highly in initial quality and dependability studies. The primary concern across the shared E-GMP platform (including Ioniq 5 and EV6) has been the Integrated Charging Control Unit (ICCU) recall, which should be verified as resolved. While Tesla has historically faced quality control scrutiny, it continues to improve. The Audi and Mercedes models leverage established brand reliability, albeit with their own complexities.
Regarding price, the GV60 offers significant value. Its starting MSRP is competitive for a luxury EV, and given the extensive list of standard features, it often presents a stronger "bang for your buck" than comparably equipped Audi Q4 e-tron or Mercedes-Benz EQB. The Tesla Model Y can be similarly priced or slightly less, but with a different luxury approach.
Recommended Alternatives:
- For comparable performance and more practicality at a lower price: The Hyundai Ioniq 5 and Kia EV6 are excellent options, sharing the same E-GMP platform and offering similar technology with less emphasis on outright luxury.
- For a more traditional luxury EV experience: The Audi Q4 e-tron and Mercedes-Benz EQB provide familiar brand prestige and a conventional luxury cabin, though they may lack the GV60's unique flair and standard features at similar price points.
- For cutting-edge tech and raw performance: The Tesla Model Y remains a strong rival, particularly for its Supercharger network and advanced driver-assistance capabilities.
Final Verdict: Is the 2023 Genesis GV60 a Good Sport Utility Vehicle?
The 2023 Genesis GV60 is an ideal vehicle for discerning buyers seeking a unique, luxurious, and highly capable electric crossover that stands apart from the crowd. It's perfect for individuals who appreciate bold, futuristic design, an exquisitely crafted interior packed with cutting-edge technology like the Crystal Sphere, and exhilarating electric performance, particularly from the Performance trim. It appeals to those prioritizing comfort, quietness, and a comprehensive suite of safety and driver-assistance features.
The GV60 is definitively worth buying, especially if you're looking for a fresh, premium EV experience. Buying new might be advantageous if eligible for federal and state tax credits, effectively lowering the purchase price. However, a lightly used GV60, once it has experienced its initial depreciation (and assuming any recalls like the ICCU issue have been resolved), could present exceptional value in the coming years. For most, the Advanced trim offers a fantastic balance of luxury, performance, and features. The Performance trim is undeniably thrilling and recommended for those who crave maximum acceleration and appreciate its sportier dynamics, willing to accept a slightly firmer ride. It's less suited for buyers needing vast cargo capacity or those strictly adhering to more established luxury badges.
Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.