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Tesla rivals face rising inventory — and it’s becoming an issue

Teslarati

A survey from Cox Automotive estimates that electric vehicle sales in the US auto market could surpass 1 million units for the first time in 2023. Electric cars currently account for about 6.5% For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars.

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Hyundai sold nearly 269,000 electric vehicles last year as IONIQ 5 and 6 spark growth

Baua Electric

Hyundai expects to sell around 300,000 electric cars in 2024, or about 12% growth from last year. Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. 2024 Hyundai Kona EV (Source: Hyundai) Hyundai also introduced the redesigned Kona Electric this year.

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Hyundai IONIQ T10 emerges as a potential electric F-150 Lightning pickup rival

Baua Electric

The filing is classified under “automobiles, electric cars…trucks, lorries, [and] sports utility vehicles.” Although Hyundai has yet to announce details behind the mysterious electric pickup, the automaker has signaled one is in the works. Kia, Hyundai’s sister company, revealed plans to launch two electric trucks.

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News: 2023 Chevrolet Bolt EV/EUV Get Big Price Drop

Clean Fleet Report

The intention is to make the company’s two electric car offerings more attractive to consumers, especially those that are looking for an affordable alternative to a gasoline-powered car. Same car, less cost. Significant Price Reduction Repositions Entry-Level EV. Bolt EUV $28,195 ($34,495). But it is more than that.

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Flash Drive: 2024 Acura ZDX Type S

Clean Fleet Report

A-Spec RWD $65,850 A-Spec AWD $69,850 Type S AWD $74,850 Type S AWD $75,850* (*With the Performance Wheel and Tire Package) The ZDX is built in Spring Hill, Tennessee, meaning it will qualify for federal and state tax credits. at seconds, Kia EV6 GT at 3.6 In some state it may also get the coveted HOV lane sticker.

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Road Test: 2024 Nissan Leaf SV Plus EV

Clean Fleet Report

Not head-snapping, but certainly a rewarding sensation which only an electric car can provide, and plenty fast enough to merge into freeway traffic. Contact your tax advisor before considering a Leaf purchase so you are completely clear on the tax credits and rebates. We guarantee they will be pleased to see you.

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News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The philosophy of quality and expectations need to be met, as Genesis is an unknown entity to much of the car buying public. This extends into the dealerships–there are three stand-alone Genesis dealers in the country with many more coming on-line in 2023–where they engage customers with immersion and education.

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