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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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Elon Musk taking a page from Henry Ford’s playbook with Tesla price cuts: Ford CEO

Teslarati

Ford CEO Jim Farley recently commented that Elon Musk’s strategy of lowering electric vehicle prices to maintain sales volume over profit margins is actually quite reminiscent of Henry Ford’s approach with the Model T. Similar to Musk, Henry Ford reportedly slashed the prices of the Model T to boost sales in 1913.

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J.D. Power study finds consumer EV consideration in Canada significantly lags US

Green Car Congress

Growing concerns about affordability and infrastructure (both from charging and electrical grid perspectives), have caused a significant decline in the number of consumers who see themselves in the market for an EV anytime soon. It is followed by purchase price (59%) and lack of charging station availability (55%). —J.D.

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Tesla Model 3 and Model Y stand out in Spring 2024 CarMax EV Consumer report

Teslarati

CarMax is one of the United States’ largest retailer of used automobiles. Credit: CarMax While the Tesla Model 3, Tesla Model Y, and Nissan LEAF maintained their place as the top three most popular used electric cars in CarMax, the second-hand vehicle retailer observed that the vehicles saw a shift in pricing compared to the previous year.

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Tesla becomes South Korea’s second-largest importer, beating Mercedes-Benz

Teslarati

As per the Korea Automobile Importers & Distributors Association, South Korea saw 25,263 newly registered imported vehicles in March 2024, a 6% increase from the 23,840 imported vehicles that were registered in March 2023. Part of the Model Y’s popularity in South Korea may be due to its price.

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Geneva auto display made over for 2024 as ‘reasonably priced’ match

Baua Electric

The Geneva auto display will go back in 2024 with a unutilized, “affordable” thought for exhibitors and guests. 26 to March 3 after age in its conventional house on the Palexpo conference middle akin Geneva airport with a changed exhibition thought and decrease lodge prices. Organizers plan to conserve the display from Feb.

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