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

Baua Electric

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. According to the latest Kelley Blue Book data , average transaction prices for a new EV were down 9% in the first quarter compared to Q1 2023.

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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

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. Hyundai sweetened the deal mid-month with new deals on some of its most popular EVs. Who said EVs are not affordable? of the US EV market. Now, the deals are even better.

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

Baua Electric

Hyundai upgraded the 2024 Kona Electric in every way, adding more range, faster charging, and a new stylish design. Although Hyundai doesn’t break down Kona sales (there are also two gas-powered versions), sales of the subcompact crossover rose 20% in Q1 , with 23,054 units sold. And that’s including gas-powered cars.

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Shell to divest 1,000 retail locations, and also expand EV charging. Coincidence? – Charged EVs

Baua Electric

Is Shell shutting down gas stations in order to replace them with EV charging hubs? So, is it out with gas, in with electrons? Are existing gas stations good sites for charging hubs? – Charged EVs appeared first on Bauaelectric Auto News. It’s too early to say. Coincidence?

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The Buck Stops With Who? Reuters Events Confront Scope 3 Emissions in Hard-To-Abate Sectors.  

Baua Electric

To win the war on carbon it is key to understand who is producing the gas, how much they are producing, and how it can be minimized. Companies are getting on board, with 81% of businesses surveyed by the Boston Consulting Group (BCG) measuring their direct emissions “to some extent” in 2021.

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

Baua Electric

Source: Boston Consulting Group) Hyundai and Kia already have some of the most affordable and fuel-efficient EVs on the market, including the IONIQ 5, IONIQ 6, and Kia EV6. The Casper Electric is based on the gas-powered Casper, sold in Korea. In Europe, the Casper will be called the Inster EV.

Kia 52
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U.S. EV adoption is happening faster than anticipated

Teslarati

In an interview with Teslarati, Recurrent CEO, Scott Case shared an observation of a study by Boston Consulting Group (BCG) which has released a market projection for EV adoption annually since 2018. And even if you were ready to purchase one, and if you could afford it … they’re still too high,” Hollis said.