Baua Electric

FEBRUARY 9, 2024

The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit. Munoz said EVs produced at the new plant will qualify for the tax credit.

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Baua Electric

SEPTEMBER 11, 2024

Kia confirmed plans to launch new AWD and GT variants for its electric EV3 SUV. The EV3 is the first of Kia’s new low-cost EV lineup as it looks to challenge industry leaders. It’s been almost a year since Kia first took the sheets off the EV3 during its first annual EV Day last October.

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Baua Electric

JANUARY 10, 2024

Hyundai and Kia placed second in the US EV market behind Tesla after a record sales year in 2023. Hyundai and Kia take second in US EV sales According to Kelley Blue Book estimates, a record 1.2 Hyundai capped off a record year with nearly 47,000 IONIQ 5 and IONIQ 6 EVs sold, while Kia sold almost 19,000 EV6 electric crossovers.

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Clean Fleet Report

JUNE 15, 2021

Most people are turning towards initiatives that build the environment rather than destroy it. One of the reasons behind the drastic increase in sales was the more affordable price range of the Tesla Model 3, a best-seller in the U.S., Tesla’s Model 3 paved the way to powerful, affordable EVs. Europe and China.

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Teslarati

FEBRUARY 28, 2024

The Asian car company is also building a $5 billion EV battery cell plant with SK ON in Georgia, which is expected to employ 3,500 workers. Hyundai Motor Group was second in EV sales last year thanks to its Hyundai and KIA brands. Hyundai Motor Group is investing $7.59 billion in HMGMA. billion in individual earnings per year.

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Baua Electric

JANUARY 12, 2024

It’s essentially like receiving the full EV tax credit with a new purchase. 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. Like the IONIQ 6, Tesla’s Model 3 is no longer eligible for the IRA tax credit.

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Baua Electric

JANUARY 25, 2024

Hyundai said its investment plans for 2024 include increasing the number of mass-produced models and building its new EV plant in Georgia while continuing to develop future tech. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. billion EV and battery plant in late October.

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Electric Auto Association

FEBRUARY 7, 2023

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. To spread that message, she chose to purchase a new Chevrolet Bolt. “My We update you with EV news monthly.

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The Truth About Cars

FEBRUARY 1, 2024

About half of all dealerships also said they never bothered to register with the IRS to more easily facilitate EV tax credit exchanges. However, it can encourage federal regulators to implement policies so rigid that the industry is required to build EVs in greater numbers and that has been its preferred tactic.

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Baua Electric

JUNE 8, 2024

Given Jeep’s plans for mild hybrids, plug-in hybrids, EVs, and more, it leaves a great many build combinations—and based on executive comments about which kind of plug-in is better for which situation, it may be rolling these out in the wrong order. made Hyundai and Kia EVs are coming to dealerships soon, with U.S.

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Baua Electric

JUNE 18, 2024

The BYD Seal is poised to rival Hyundai’s IONIQ 6 and Tesla’s Model 3 with an affordable starting price. BYD Dolphin (left) and Atto 3 (right) Source: BYD With BYD entering the market, domestic automakers like Hyundai and Kia, which currently dominate the market, are expected to see a drop in EV market share.

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Cars That Think

DECEMBER 18, 2022

trillion towards building EV and battery factories worldwide. China , along with the EU, Japan and South Korea , has also voiced unhappiness with the United State’s EV tax credit incentives that now require certain percentages of EV components be manufactured or assembled in North America. electric vehicle sales to the new law.

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EV Adoption

NOVEMBER 26, 2021

On Friday November 20 the House of Representatives passed the Build Back Better Act (BBBA) which means the bill is now off to the Senate where we can expect the possibility of many changes to the current proposed legislation. According to CNBC , Senate Majority Leader Chuck Schumer wants to pass the Build Back Better Act by Christmas.

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Baua Electric

MAY 12, 2024

2024 Hyundai Ioniq 6 Kia has confirmed that its compact EV3 electric SUV is production-bound and will arrive next year. In a small set of close-cropped teaser photos, Kia showed that the production EV3 preserves many of the same bold design traits and so-called Star Map lighting theme as the concept. That will include 3,000 U.S.

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