Remove Affordable Remove Fully Electric Remove Low Cost Remove Sale
article thumbnail

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. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

Kia 52
article thumbnail

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. After global sales slipped 2% last month, Kia is shaking things up with a new mid-to-long-term business plan.

Kia 52
article thumbnail

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.”

article thumbnail

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.

Sale 112
article thumbnail

Ford’s EV sales continued climbing in July, but SUVs dampened US growth

Baua Electric

Although Ford’s EV sales rose by double-digits in July, fewer SUV sales led to lower US growth. Ford’s vehicle sales fell flat as new, updated models hit the market. Ford sold 8,242 fully electric vehicles in the US last month, up 31% (6,280) from July 2023. Ford sold 173,233 vehicles last month, down 0.2%

SUV 52
article thumbnail

BYD nearly tops all-time sales record in May as EV price cuts boost demand

Baua Electric

China’s leading EV maker, BYD , nearly reached a new sales record in May after aggressive price cuts took effect. BYD posted its second-highest sales last month as new energy vehicle (NEV) sales continued picking up. With 331,817 NEVs (EVs and PHEVs) sold last month, BYD is closing in on its all-time sales record.

BYD 52
article thumbnail

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.

Jeep 52