Remove Kia Remove Tax Remove Tesla Remove United States
article thumbnail

Kia looks to secure US federal tax credit for EV9 in 2025

Teslarati

It appears that South Korean automaker Kia is taking some steps to ensure that its EV9 all-electric SUV will qualify for the full $7,500 federal tax credit in the United States next year. As noted in a Nikkei Asia report, Kia is poised to start the production of the EV9 in the United States by May 2024.

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 108
article thumbnail

Toyota’s tax credit advantage over competitors like Tesla disappears

Teslarati

As recently corroborated by the veteran Japanese carmaker, it has already crossed the 200,000-unit cap for the United States’ $7,500 tax credit for hybrid and all-electric vehicles. The post Toyota’s tax credit advantage over competitors like Tesla disappears appeared first on TESLARATI.

article thumbnail

LG Energy Solutions & Hyundai team up for battery plant in the United States

Teslarati

LG Energy Solutions (LGES) and Hyundai teamed up to build a battery cell manufacturing plant in the United States. Tesla supplier LGES to quadruple investment in Arizona battery plant to $5.5 The battery plant would allow Hyundai electric vehicles (EV) to qualify for the Inflation Reduction Act’s (IRA) $7,500 tax credit.

article thumbnail

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

Teslarati

Such a trend, however, seems to be largely pushed by Tesla and the popularity of the Model 3 sedan and Model Y crossover. Beyond Tesla, however, it appears that the picture is much different in the United States. Beyond Tesla, however, it appears that the picture is much different in the United States.

article thumbnail

Tesla Model 3 and Model Y Just Got Cheaper. Again

The Truth About Cars

Not that long ago, there was a time when Tesla vehicles seemed to defy the laws of depreciation, and some actually gained value on the used market. & Tesla cut prices for the base Model 3 by $2,000, bringing it below $40,000, but the Performance model didn’t see a reduction. Image: Tesla] Become a& TTAC insider.

article thumbnail

BYD has no plans to enter the US Market amid “complications’ [Feature]

Teslarati

China’s top new energy vehicle manufacturer, BYD, has no plans to enter the United States auto market. “Complications” in the US EV Market Li explained BYD’s reasons for staying out of the United States EV market. . Interest rates are another factor that might be contributing to slow EV sales.

BYD 106