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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. Ford sold 20,223 electric cars in the first quarter of 2023, while GM sold 16,425.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. Perhaps, more importantly, you can charge Hyundai’s electric sedan (10% to 80%) in as little as 18 minutes with 800V DC fast charging.

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If $50,000 EVs still lose $6,000, when will EVs become profitable?

Baua Electric

Legacy automakers are still losing thousands of dollars on many EV sales, according to newly published analysis from the Boston Consulting Group. market if heavily-subsidized Chinese EVs ever break through here. Automakers will only be able to close about half of that cost gap with technology choices, BCG estimates.