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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Electrek

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024.

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Honda is abandoning plans to build affordable EVs with GM

Electrek

Honda’s CEO, Toshihiro Mibe, said the automaker is scrapping plans to build affordable EVs with GM because of the “changing business environment.” more… The post Honda is abandoning plans to build affordable EVs with GM appeared first on Electrek. The Honda-General Motors EV saga may be ending sooner than expected.

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GM reveals 2024 Chevrolet Equinox EV

Green Car Congress

With a starting price of around $30,000 on the 1LT base trim, the Equinox EV plugs Chevrolet into the critical compact SUV segment; GM says it expects the EV to be the most affordable EV in its class. Equinox EV will also be available with up to an available GM-estimated 300 miles of range on a full charge. For charging, 11.5

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GM CEO is ‘disappointed’ in EV production, says affordable models will drive adoption

Electrek

General Motors ( GM ) CEO Mary Barra said she is disappointed in EV production this year due to constraints. Meanwhile, GM’s leader believes new, affordable EVs like the Equinox and Bolt will help drive adoption.

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Honda Backing Out of Affordable EV Deal With GM

The Truth About Cars

It initially announced plans to work with GM and others to develop smaller, more affordable electric crossovers, but the company recently confirmed that it was stepping away from that initiative due to shifting business priorities. GM and Honda will search for a solution separately. This project itself has been canceled.”

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GM expanding into new commercial applications for its HYDROTEC fuel cell systems

Green Car Congress

GM announced new commercial applications of its HYDROTEC fuel cell technology. —Charlie Freese, GM executive director of the global HYDROTEC business. GM is supplying HYDROTEC fuel cell power cubes to Renewable Innovations of Lindon, Utah to build the Mobile Power Generator. Mobile Power Generator.

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QOTD: Will An Affordable EV Help You Go Electric?

The Truth About Cars

Today we covered Tesla's back-and-forth on whether it will or won't build an affordable EV. If it helps, take Tesla out of the equation and think about a $25K EV sold by Ford or GM or Honda or whoever. One of the biggest reasons not to purchase an EV that I hear is that the MSRP of most EVs is too high, even considering tax credits.