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Volkswagen ID.4 with SK ON battery components eligible for full $7,500 tax credit in 2024

Teslarati

4 units with SK On battery components qualify for the Inflation Reduction Act’s (IRA) full $7,500 federal tax credit for electric vehicles. 4 units with batteries from SK On qualify for federal tax credits. 4 EV may choose to apply the tax credit as a down payment for the vehicle. The 2023 ID.4 Only VW ID.4

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Survey Shows Auto Dealers Still Annoyed With Biden EV Strategy

The Truth About Cars

According to the 2024 Dealer Outlook Survey, 83 percent of respondents said the government was pushing the transition toward EVs too quickly and mucking up the auto market. Others likewise said that it should be the market driving EV sales, not pressure from the government.& Electric vehicles are exciting.

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Kia EV9 sales are heating up in the US

Baua Electric

Over 1,400 Kia EV9 models were handed over in January, topping the EV6 in US sales. Kia EV9 outpaces EV6 despite record sales month Kia started the year strong, with EV sales growing 57% YOY. A big reason behind Kia’s success is the launch of its first three-row electric SUV, the EV9. long but is about the same height.

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KIA: Double-digit enlargement in Q2

Baua Electric

Kia’s Strong point sedan is also doing neatly because of city consumers, who nonetheless favor smaller, extra cost-efficient automobiles. “Looking at markets on the West Coast like Los Angeles and San Francisco, as well as others, they are still heavy sedan markets, and we are doing really well there,” Watson stated.

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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. For context, dealers have about 54 days’ worth of inventory for gasoline-powered cars. The Kia EV6, Hyundai Ioniq 5, and Nissan Ariya are also seeing their inventories stacking up.

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Hyundai to add hybrids at EV-only plant as rising demand throws a curveball

Baua Electric

Hyundai’s EV sales share fell in all major markets in the first three months of 2024 compared to last year, including Korea (4.4% The automaker believes electric models, like the IONIQ 5 and IONIQ 6, will qualify for the federal EV tax credit, which should help boost demand. vs. 9%), the US (5.5% vs. 6.6%), and Europe (10.7%

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Hyundai IONIQ 9 looks big and bold after the three-row electric SUV was spotted testing [Video]

Baua Electric

Hyundai is already making its presence known in the global EV market with its current IONIQ 5 and IONIQ 6. The IONIQ 5 is already a top seller in several markets, including the US. Hyundai IONIQ 9 vs Kia EV9 three-row electric SUV Another noticeable difference was in the rear. billion EV Metaplant in Georgia.

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