article thumbnail

Hyundai & Kia take second place after Tesla in US EV sales

Teslarati

South Korean automakers Hyundai and Kia placed second together in US electric vehicles (EV) sales after Tesla, beating Detroit-based legacy automakers Ford and General Motors. Hyundai and Kia, along with the Genesis brand, are owned by Hyundai Motor Group, which holds the fourth-largest share in the US car market.

Kia 124
article thumbnail

Hyundai Metaplant America to boost its EV sales in the US 

Teslarati

Hyundai Motor Group’s Metaplant America (HMGMA ) in Georgia will likely boost its electric vehicle (EV) sales in the United States. Hyundai Motor Group is investing $7.59 A study by the Center for Automotive Research estimated that Hyundai’s investments in Georgia will create about 40,000 jobs and result in $4.6

Hyundai 119
article thumbnail

Hyundai 2023 IONIQ 6 EV to start at $41,600; 53 kWh pack option with 240-mile range

Green Car Congress

Hyundai Motor America announced pricing, packaging and a 53-kWh battery pack option for the IONIQ 6 electric vehicle. Eligibility for state tax credits is dependent on individual tax circumstances. The 2023 IONIQ 6 goes on sale this spring at Hyundai dealerships. million BEV units worldwide by 2030.

Hyundai 284
article thumbnail

Hyundai breaks ground on training center in Georgia

Teslarati

Hyundai recently broke ground on its training center in Georgia. The Hyundai Mobility Training Center is operated by Georgia Quick Start. The Hyundai Mobility Training Center will focus on the electric vehicle (EV) market in the United States. When completed, Hyundai’s car factory is estimated to generate over 8,000 jobs.

Georgia 111
article thumbnail

Hyundai grew EV sales by 27% in Q3, but foreign automaker demand drop ‘seems inevitable’ in US

Electrek

Hyundai delivered another strong performance in the third quarter as several popular EV models led to 27% EV sales growth. However, analysts believe with the new tax credit provisions from the Inflation Reduction Act, a drop in demand “seems inevitable” for foreign automakers like the Hyundai Group.

Hyundai 135
article thumbnail

Hyundai sets massive sales growth target propelled by new EV offerings

Teslarati

Hyundai has announced that it aims to grow auto sales by 10% this year alone. Over the past two decades, Hyundai Motor Group has become a sizable competitor in the automotive industry. Following this success, the Korean automotive group has set the ambitious goal of growing its vehicle sales by 10% in 2023.

Hyundai 98
article thumbnail

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. Hyundai & Kia take second place after Tesla in US EV sales Customers interested in purchasing a MY 2023 or MY 2024 ID.4