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Hyundai Motor, including Kia top Ford and GM in US EV market with affordable EVs

Baua Electric

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. Tesla’s Model 3 was the next closest to hitting the mark.

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Hyundai, Tesla pave the way for long-range (+300 mi) EV prices falling below average gas cars

Baua Electric

Hyundai’s IONIQ 6 was found to be the only EV that met potential buyers’ median price, range, and charging targets, according to a recent report from Boston Consulting Group. Source: Boston Consulting Group) At just $243 per month, the IONIQ 6 is significantly cheaper to lease than the Toyota Camry, which costs $346 per month.

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Hyundai IONIQ 6, Kona EV are two of the cheapest cars (EV or gas) to lease at just $169/mo

Baua Electric

of the US EV market. Source: Boston Consulting Group) A recent report from Boston Consulting Group found the Hyundai IONIQ 6 was the only EV that met potential buyers’ median price, range, and charging targets. You can use our links below to find great deals on Hyundai’s EVs at a dealer near you.

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Is Hyundai’s IONIQ 6 the ultimate EV? Fast charging, long-range, and affordable price

Baua Electric

According to a new report, the Hyundai IONIQ 6 is the only EV on the market offering fast charging in under 20 minutes, over 350 miles range, and at an affordable starting price. Source: Boston Consulting Group) BCG research found that 70% of US consumers are considering buying an EV.

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Hyundai and Kia are gaining a competitive edge ahead of the affordable EV offensive

Baua Electric

The tailwind comes as the South Korean automakers are launching affordable EVs in key global markets, including the US. According to Goldman Sachs (via Wall Street Journal ), Hyundai sold over 800,000 vehicles, accounting for over 10% of the US market. Hyundai Motor, including Kia, generated a record over $9 billion (KRW 12.27

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Ford and Sollers sign MoU to establish a JV in Russia

Green Car Congress

The proposed JV is one of a number of new market expansions focused on the Russian car market, which the Boston Consulting Group this week said may become the world’s sixth-largest by 2020, selling 4 million cars a year. Sollers had originally planned a joint venture with Fiat.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

Stellantis is offering certain higher salaried US employees separation packages to help its “transformation to become a sustainable tech mobility company and the market leader in low-emissions vehicles,” a company spokesperson said. Including suppliers, dealers, service centers, etc., Ford is not alone. there are more than 7.25

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