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Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3. The new model will join several hybrids also in development, along with at least on South Korea-only model expected to debut at the same time as the EV3.

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Another One Bites the Dust: Kia Killing the Rio After 2023

The Truth About Cars

Mitsubishi recently announced that it would discontinue the Mirage, removing one of America’s few remaining affordable new cars. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Average vehicle purchase prices in the U.S.

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Report: Tesla Readying New Model 3 Performance

The Truth About Cars

InsideEVs reported that X/Twitter users have been sharing screenshots of leaked documents from South Korea that appear to show a new Model 3 variant with a possible 412-horsepower rear motor. At the same time, the new car lost tax credit eligibility and its place as a compelling, affordable EV as a result.

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U.K. based battery producer Britishvolt collapses ahead of production

Teslarati

As many companies and governments alike have rushed to establish battery production locations, many in the United Kingdom had hoped that its domestic Britishvolt battery producer would be their answer to Tesla in the United States, Northvolt in Sweden, LG in South Korea, Power Co. in Germany, and countless others.

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The EV Battery Wish List

Cars That Think

Instead, Lucid leaders see a bright future in cars that aim for maximum efficiency — rather than range per se — via smaller, more-affordable batteries. Yet EV batteries are still central to automakers’ calculus, as they seek a sustainable, affordable supply in a period of explosive growth. kilometers from each onboard kilowatt hour.

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EV tax credit supply chain rules ease, but China restrictions remain

Baua Electric

In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.

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Navigant Research forecasts new EV global sales of > 346,000 units in 2014; 10 predictions for the year

Green Car Congress

Possibilities include dramatic reductions in the cost of EV batteries that lead to more cost- competitive vehicles, greater state or federal incentives, or increasing taxes on fossil fuels. Tesla is also readying the Model X, a more affordable crossover for launch by the end of 2014. Tesla Motors will have a bumpy year.

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