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Kia suddenly shifts to hybrids, affordable EVs amid waning global demand

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia announced that it is shifting its electric vehicle plans to include more hybrids and affordable EVs. million in 2030.

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Kia suddenly shifts to hybrids, affordable EVs amid ‘waning global demand’

Baua Electric

To boost sales and fend off low-cost Chinese rivals, Kia will introduce a new lineup of affordable EVs in addition to hybrids starting this year. Kia announced that it is shifting its electric vehicle plans to include more hybrids and affordable EVs. million in 2030.

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Lincoln puts EVs on the back burner amid Ford’s shift to more affordable EV models

Baua Electric

After Ford announced a surprising shift to more affordable EVs, its luxury Lincoln brand is putting electric on the back burner. Lincoln backtracks on EVs as Ford shifts to affordable In an interview (via Detroit News ), Lincoln President Dianne Craig said that the company is “listening to what customers really need.”

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Jeep says a $25,000 Renegade EV is coming to the US, but can it deliver?

Baua Electric

However, industry experts believe the low starting price point may be hard to hit. Can Jeep deliver an electric Renegade for under $25K? A new affordable Jeep EV is coming to the US Jeep confirmed plans to launch a new Renegade EV during its Investor Day earlier this month. By 2027, Jeep will launch six fully electric vehicles.

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Audi is the latest automaker to reveal plans for a lower-cost EV

Baua Electric

“Despite the recent public debate, there is no doubt the future of the car is electric,” Audi’s boss explained. “At At Audi, we will electrify all core segments by 2027 and have defined a fully electric target portfolio.” The new electric car is expected to launch in 2027. 2 SUV , the affordable EVs bigger sibling.

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China’s EV market hits its stride with 1-in-3 sales being electrified

Teslarati

Chinese electric vehicle sales have hit 31 percent of the overall market, with 25 percent being pure EVs, a substantial growth year-over-year. According to a report by CleanTechnica , sales of electrified vehicles in May hit 31 percent of the overall market with 25 percent being fully electric vehicles.

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BYD to kick off EV production at new Thailand plant in Q3 as overseas expansion accelerates

Baua Electric

BYD set to begin EV production in Thailand in Q3 After showcasing its full range of brands at the Bangkok Auto Show this week, BYD said it will kick off EV production in the country in Q3. The fully electric BYD Atto 3 SUV was the top-selling electric model, with over 19,200 units delivered.