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Buying an electric car with at least 300 miles of range is getting more affordable than ever. Several automakers, including Hyundai , Kia, and Tesla, are now offering long-range EVs (those with at least 300 miles range) that are cheaper to buy than the average gas-powered car in the US.
Hyundai is offering two of the cheapest cars to lease (EV or gas-powered), the IONIQ 6 and Kona EV, in the US, with prices as low as $169 per month. According to S&P Global registration data, Hyundai was the fourth best-selling EV maker in 2024, with 51,411 electric cars delivered, or 4.5% Who said EVs are not affordable?
Hyundai Motor Group, including Kia, is using affordability to gain market share in the US. With low-cost electric cars, Hyundai Motor , along with Kia, surged past American automakers Ford and GM in the US EV market in the first three months of 2024. And that’s including gas-powered cars.
Much of the growth is thanks to rising demand for Hyundai’s electric models. For now, electric vehicles are the top priority,” Hyundai Motor Group CEO Chang Jae-hoon said earlier this month. Parker said Hyundai is giving buyers the confidence to go electric with long-range, fast-charging EVs at an affordable price.
Electric car supporters are rising to defend General Motors’ development of the Chevy Volt after the Obama Administration’s automotive task force proclaimed that the car was probably too expensive to be commercially successful in the near future. . The group pointed to a B.C.G. report titled, “The Comeback of the Electric Car?
2050 net-zero strategy document , which explains how America will get to net-zero greenhouse gas emissions by 2050. Electric vehicles require new or re-tooled factories , each requiring thousands of employees. Including suppliers, dealers, service centers, etc., However, another study by consultinggroup Arthur D.
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