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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. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

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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. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

Kia 52
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Battery cost makes affordable Toyota EV unlikely, exec says

Baua Electric

Some automakers are launching small, affordable EVs for the European market, but Toyota currently has no plans to follow them, Andrea Carlucci, the automaker’s European development boss, said. Among the planned models, however, is a small electric SUV for Europe , based on the Urban SUV Concept shown in late 2023.

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EU market commissioner encourages ICE vehicle exports as if global climate change doesn’t affect Europe

Electrek

EU Internal Market Commissioner Thierry Breton is publicly urging automakers to consider continuing internal combustion engine vehicle production over fears of lost jobs and a future in which middle class consumers cannot afford EVs.

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Ford plans affordable small electric pickup and SUV, starting around $25,000

Baua Electric

Amid a flood of new competition, Ford is shifting plans to build more affordable electric vehicles. Ford is developing a new low-cost EV platform to power a small electric pickup and SUV, with starting prices around $25,000. However, due to the pivot, plans for its three-row electric SUV have been put on the back burner.

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Hyundai plans to release €20K mini EV in Europe

Teslarati

Hyundai’s marketing chief for Europe, Andreas-Chirstoph Hofmann, shared a few details about the automaker’s €20,000 all-electric minicar at the Automotive News Europe Congress in Prague. Hofmann highlighted that Hyundai’s upcoming mini EV would be affordable.

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Hyundai plans to release €20K subcompact EV in Europe

Teslarati

Hyundai’s marketing chief for Europe, Andreas-Chirstoph Hofmann, shared a few details about the automaker’s €20,000 all-electric minicar at the Automotive News Europe Congress in Prague. Hofmann highlighted that Hyundai’s upcoming subcompact EV would be affordable.

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