Remove Affordable Remove Building Remove Dealers Remove Kia
article thumbnail

Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. As for dealers, there’s some amount of disagreement as to what’s holding EVs back. EVs are definitely not a want of our guests today.

Dealers 102
article thumbnail

Hyundai says its first EV plant will open this year to gain the $7,500 tax credit

Baua Electric

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. Despite this, Hyundai Motor (including Kia and Genesis) surged past Ford and GM to become the second largest EV seller in the US, behind only Tesla. billion EV megaplant in Georgia in October 2022.

article thumbnail

April auto gross sales defy financial hesitancy

Baua Electric

.” Regardless of buying groceries process, affordability extra a priority. Hyundai Motor, Kia The united states and Subaru all posted double-digit beneficial properties and controlled to conserve self-discipline with April incentive spending smartly under the business moderate. building up in April. Honda Motor Co.,

Auto 52
article thumbnail

Report: Vehicle Supplies Are Climbing Back Up

The Truth About Cars

Having asked several car salesmen and visited numerous dealers myself this month, the big takeaway is that markdowns seem to be reserved on the big ticket items that aren’t selling like they used to. But there does not appear to be a similar surplus of affordable models. All-electric models also appear to be overcapacity on many lots.

Supplies 109
article thumbnail

Ford drastically cuts workforce at F-150 Lightning EV plant amid ‘much slower’ demand

Baua Electric

Enoch told The Detroit Free Press that 700 workers will be transferred to its Michigan Assembly plant to help build the Bronco and Ranger. Ford F-150 Lightning production (Source: Ford) “Their intentions were to build 180,000-plus units. Smaller, more affordable ones will win in the long run. 4, and the Kia EV6.

F-150 52
article thumbnail

Hyundai undercuts Tesla Model 3 by $9,300 with 2024 IONIQ 6 special cash offer

Baua Electric

The cash offer could bring the IONIQ 6’s MSRP of $38,615 down to just over $30,000 ($31,115) as one of the most affordable EVs on the market. In other words, Hyundai is getting better at building EVs and passing the savings onto customers. You can use our link to score great deals on the 2024 Hyundai IONIQ 6 at a dealer near you.

Hyundai 52
article thumbnail

Everyone’s EV

Electric Auto Association

E VA members spread the word about Chevy Bolts Raejean Fellows, a former president of the Electric Vehicle Association, has been determined to show that electric vehicles (EVs) are affordable for a large swath of the American public. Go online, build the car you want, print the price out, and present it to the dealer’ is what they told me.”