Remove Auto Industry Remove Gas-Electric Remove Kia Remove Manufacturer
article thumbnail

Hyundai surpassed Volkswagen Group’s operating profit

Teslarati

The South Korean automaker attributes its success to diverse offerings, including electric vehicles, plug-in hybrids, and gas-powered cars. As of the first quarter, Hyundai has the second-highest operating profit in the global automotive industry. In Q1 2024, Hyundai Motor Group reported an operating profit of $5.09

Hyundai 96
article thumbnail

BYD would still have the cheapest EV in the US, even with a 100% tariff

Baua Electric

Even with the new 100% tariff on electric vehicles imported from China, BYD would still have the cheapest EV in the US. After discontinuing the production of vehicles powered entirely by internal combustion engines in March 2022, BYD has been at the forefront of the industry’s shift to EVs. In the US, EVs accounted for 8.5%

BYD 52
article thumbnail

Automakers whine about €15B fine they knew they’d risk for pushing gas cars

Baua Electric

And some are close to meeting them due to high EV or hybrid mix, like Kia, Hyundai and Stellantis. Meanwhile, gas car sales actually are slowing (-2% in 2Q). Multiple automakers have already met the targets, namely Tesla and Volvo, who are well under the requirements. million polluting vehicles in order to come into compliance.

Gas 52
article thumbnail

Hyundai looks to start U.S EV production early to catch new incentives

Teslarati

According to Reuters , an inside source at Hyundai-Kia has stated the company is now considering attempting to start U.S. production of their electric vehicles sooner rather than later. The auto industry overall has criticized the new act due to the high requirements that manufacturers must meet to earn incentives.

Hyundai 98
article thumbnail

EAA National Board nominations from across North America

Electric Auto Association

Meet the 17 Electric Auto Association members nominated for the National Board BY APRIL BOLDUC: PRESIDENT OF THE ELECTRIC AUTO ASSOCIATION It’s the most board candidates in our history. He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation.

article thumbnail

EAA National Board nominations from across North America

Electric Auto Association

Meet the 17 Electric Auto Association members nominated for the National Board BY APRIL BOLDUC: PRESIDENT OF THE ELECTRIC AUTO ASSOCIATION It’s the most board candidates in our history. He recognizes the diminishing power of the oil and gas industry, and embraces the imminent future of electrically powered transportation.

article thumbnail

2025-2035: Rewriting The Automotive History

Get Electric Vehicle

A recent report from the Environmental Defense Fund indicates that electric vehicle sales volumes are growing at a rapid pace, signalling an epochal shift in the auto industry over the next decade. Despite that and other numerous issues, the electric vehicle sector has gained traction in the previous year.