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

Baua Electric

In the US, Hyundai shattered its sales record for the third year in a row. Hyundai already sold nearly 15,000 IONIQ 5 models (+43% YOY) through the first five months of 2024 after setting a new monthly sales record in May. 2024 Kia EV6 GT (Source: Kia) Once its Georgia EV plant opens, Hyundai expects the momentum to increase.

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The EV Transition Explained: Reshaping Labor Markets

Cars That Think

auto industry jobs could rise by 150,000 by 2030 if battery electric vehicles sales reach 50 percent by 2030 and the vehicle market share of U.S.-assembled One study shows that even in 2050, some 44 percent of all vehicle sales globally will still have internal combustion engines, albeit perhaps using biofuels. billion to Rivian.

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