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Hyundai & Kia take second place after Tesla in US EV sales

Teslarati

South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Hyundai and Kia, along with the Genesis brand, are owned by Hyundai Motor Group, which holds the fourth-largest share in the US car market.

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Tesla Model 3 takes on new Kia EV6 GT in insane all-electric drag race

Teslarati

A Tesla Model 3 has taken on the all-new Kia EV6 GT in a crazy all-electric drag race. The latest challenger is the Kia EV6 GT, which has taken the already nimble EV6 and cranked its performance characteristics to 11. On paper, the matchup is quite close between the Tesla and the Kia. horsepower per pound. horsepower per pound.

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President Biden signs Inflation Reduction Act, cut EV tax incentives

Teslarati

President Joe Biden will sign the Inflation Reduction Act today, and the act will cut EV tax incentives with it. The act makes loans and tax breaks available to manufacturers to switch production to electric vehicles. What do you think of the article? Do you have any comments, questions, or concerns?

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Exide Industries Q4 Results: Firm beats profit view on higher demand – ET Auto

Baua Electric

Exide’s standalone profit after tax rose 36.6% Earlier this month, South Korea’s Hyundai Motor and Kia Corp partnered with Exide Industries ‘ unit Exide Energy Solutions to supply batteries for their EVs. Exide’s standalone profit after tax rose 36.6% from a year ago to 2.84 bn rupees as per LSEG data.

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Tesla Model 3 receives full EV incentives with new loophole

Teslarati

The Tesla Model 3 now qualifies for the full $7,500 EV incentive thanks to a new loophole in the tax incentive system. Perhaps most notably, this includes vehicles like the Hyundai Ioniq 5 and Kia EV6, but this same trick can be extended to the base model Tesla Model 3, which currently only qualifies for half of the $7,500 EV incentive.

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Hyundai sales growth challenged by a huge problem in the U.S.

Teslarati

Hyundai has reported record Q3 sales, mirroring its Kia sister brand. Hyundai/Kia continues to grow their sales in the US and are finding a lot of success in their electric vehicle offerings. Currently, customers looking to get a Federal EV tax credit cannot redeem it on a Hyundai vehicle because it is not assembled in the US.

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Biden Admin. inundated with Inflation Reduction Act exemption requests

Teslarati

However, the global backlash regarding EV tax incentives has been fierce. The act makes any EV that isn’t assembled in North America ineligible for tax incentives of up to $7,500. Hyundai/Kia has requested a postponement to allow them to build their first U.S.-based What do you think of the article?