Remove Affordable Remove America Remove Boston Consulting Group Remove Tax Credit
article thumbnail

Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. After a record 2023, Hyundai and Kia are not slowing down this year.

Kia 52
article thumbnail

U.S. EV adoption is happening faster than anticipated

Teslarati

The research directly contradicts and challenges a statement by Jack Hollis, the executive vice president of sales at Toyota Motor North America. And even if you were ready to purchase one, and if you could afford it … they’re still too high,” Hollis said. Everyone thought the EV tax credit was dead and done.

article thumbnail

Electric-Car Fans Rally Around the Volt - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

. “Any new technology like the Chevy Volt takes time to become profitable,&# said Jay Friedland, the legislative director for Plug-In America , an electric-car advocacy group. Currently there are only about 1,500 500 plug-in hybrids and 500 1,500 pure electric cars, according to Plug-In America. Where is affordable.

Volt 42