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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia announced that it is shifting its electric vehicle plans to include more hybrids and affordable EVs. It plans to boost demand by launching a series of new affordable EVs.

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia announced that it is shifting its electric vehicle plans to include more hybrids and affordable EVs. It plans to boost demand by launching a series of new affordable EVs.

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ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

A new study by the European Automobile Manufacturers’ Association (ACEA) finds that the affordability of electric cars remains a strong deterrent for customers across the EU, along with lack of infrastructure and lack of investment in infrastructure. The auto industry is eager to move as fast as it can towards zero-emission vehicles.

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April auto gross sales defy financial hesitancy

Baua Electric

from March to $1,606 consistent with automobile throughout all automakers, in keeping with TrueCar knowledge. million automobiles in April, flat with March however 45 p.c Energy and LMC Automobile stated. ” Regardless of buying groceries process, affordability extra a priority. from March to $45,251. Honda Motor Co.,

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U.S. lawmakers need to bar automakers from getting rid of AM radio in brandnew automobiles

Baua Electric

The Alliance for Automobile Innovation, a business staff representing main automakers, stated “mandating AM radios in all vehicles is unnecessary. “If Elon Musk has enough money to buy Twitter and send rockets to space, he can afford to include AM radio in his Teslas. Vance and Consultant Josh Gottheimer.

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NADA Knowledge: 2022 new-car stock up; automobile gross sales in keeping with dealership unwell

Baua Electric

“Looking ahead into this year, I think as the chip supply improves, we will see OEMs again able to build more affordable vehicles, more entry-level models, lower-trim vehicles,” he mentioned. Fresh cars represented 49.7 of overall gross sales, with impaired cars accounting for 38.3

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Report: Auto Loan Rejections Are Up and Poised to Keep Increasing

The Truth About Cars

& & Based on new data released by the Federal Reserve shared by Car and Driver , auto loans rejections averaged 14.2 Analysts at Cox Automotive noted last month that "auto loan performance resumed deteriorating in May as delinquencies and defaults both increased for the first time in three months." percent in June up from 9.1

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