article thumbnail

Toyota Launches Sales of Prius and Camry Hybrid in South Korea

Green Car Congress

Toyota Motor has begun sales of Toyota-brand vehicles in South Korea at five new dealerships, including three in Seoul, established by TMC’s local distributor Toyota Motor Korea Co., TMC has set an initial combined monthly sales target of 500 vehicles and aims to increase that number to 700 vehicles beginning in 2010.

article thumbnail

Bosch world map of automotive powertrains

Green Car Congress

Gasoline engines: Worldwide, gasoline engines are the most popular powertrain. China leads the field: there, nearly 100% of all new car purchasers choose a gasoline engine; in the US and Japan, the figure is roughly 75%. Engines with port-fuel injection still feature in more than every second gasoline-powered vehicle.

article thumbnail

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

The Truth About Cars

Hyundai cut the Rio’s corporate counterpart, the Accent, after 2022, and sales of the subcompact have been slow for a while. Kia currently builds the EV6 in South Korea and needs a North American manufacturing location for its vehicles to qualify for federal tax credits. Though disappointing, the move isn’t a surprise.

Kia 86
article thumbnail

Hyundai Receives More Than 1,000 Pre-Sale Orders for Avante LPI Hybrid

Green Car Congress

has received more than 1,000 pre-sale orders for its Avante/Elantra LPI hybrid since 17 June. The car, the world’s first production hybrid electric vehicle to be powered by a Liquefied Petroleum Injected (LPI) engine, goes on sale in South Korea next Wednesday (8 July). Hyundai Motor Co. Earlier post.)

Hyundai 150
article thumbnail

Big Oil Betting On Electric Vehicles

Green Car Congress

Speaking this week at the Bloomberg New Energy Finance conference in New York, Total SA’s chief energy economist, Joel Couse, forecasted that EVs will make up 15 to 30 percent of global new vehicle sales by 2030. One barrier is the cost of owning an electric vehicle versus a cheaper, comparable gasoline-engine vehicle.

Oil 218
article thumbnail

News: 2023 Genesis Electrified GV70 AWD

Clean Fleet Report

The 3,800 team members, as Hyundai calls them, are building the all-new 2023 Genesis Electrified GV70 that joins electric models of the GV60 EV and the Electrified G80 , both of which are assembled in South Korea. Both GV70s share a platform that was specifically designed for a gasoline engine and electric motors.

Hyundai 90
article thumbnail

Chevy, GMC struggle for EV/ICE candy spot

Baua Electric

Equinox EV: The electrical model of the Chevy Equinox compact crossover goes into manufacturing on the Ramos Arizpe plant in Mexico, with deliveries anticipated to start out prior to the top of the month. Corvette EV: An absolutely electrical Corvette may debut in 2026 or 2027. It’s anticipated to exit on sale in early 2024.

GMC 52