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Kia Plans to Release Smaller, More Affordable EV3 By the End of 2024

The Truth About Cars

Kia recently announced plans to develop new hybrid and plug-in hybrid models to help it cope with wavering EV demand, but that hasn’t stopped the automaker’s trudge toward full electrification. In fact, Kia’s CEO said the company was pushing forward with plans to release an affordable electric car called the EV3.

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JSW Group to invest USD 5 bn in EV projects in eastern India – ET Auto

Baua Electric

India has still to decide whether to cut import taxes on EVs under a proposed policy for carmakers that commit to local manufacturing, something that could ease Tesla’s entry into the market, a top government official told Reuters.

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Hybrid Sales Falter in S. Korea while SUV Sales Climb

Green Car Congress

Korea Times. Automakers in South Korea sold a total of 591 hybrids in February, represented 0.5% February sales included: 266 units of Hyundai’s Avante hybrid, just more than half of the 526 sold in January. Sales of Kia’s Forte hybrid fell from 615 last September to 307 in November to 78 in January.

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2016 Hyundai Sonata Plug-In Hybrid coming to market with EPA-estimated 27-mile electric range; starts at $34,600

Green Car Congress

The 2016 Hyundai Sonata Plug-in Hybrid Electric Vehicle (PHEV) is arriving in select dealerships in 10 states this week with an EPA-estimated 27-mile (43.5-kilometer) The 2016 Sonata Plug-in is EPA-rated at 99 MPGe combined, with 34 kWh/100 miles, and 40 mpg combined for charge sustaining (conventional hybrid) operation.

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Nissan, Frost & Sullivan study finds 37% of Southeast Asian consumers open to buying EV

Green Car Congress

Along with the release of the study, Nissan announced that the new LEAF will go on sale in seven markets in Asia and Oceania during the next fiscal year: Australia, Hong Kong, Malaysia, New Zealand, Singapore, South Korea and Thailand. Three in four respondents said they were ready to switch to electric vehicles if taxes were waived.

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International review study seeks to improve modeling for plug-in vehicle adoption

Green Car Congress

The team reviewed models from 16 countries, including the United States, Germany, China, South Korea, the United Kingdom and Ireland. What is the effect of rebates, tax credits, battery research and development and high-occupancy vehicle lane access? What are consumers’ primary purchase considerations?

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SK Innovation Q2 profit tops forecast, battery unit eyes EV demand recovery – ET Auto

Baua Electric

SK Innovation, which also owns South Korea’s top refiner SK Energy, said it expects solid refining margins to continue in the second quarter backed by firm demand. The company posted an operating profit of 625 billion won (USD 454 million) for the January-March period, versus a 375 billion won profit a year earlier. .

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