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Hyundai is launching two new electric cars in Europe, a low-cost EV and new IONIQ model

Baua Electric

Hyundai is launching two new electric vehicles in Europe, including a low-cost EV and a new IONIQ model, to boost its market share in the region. Part of the confidence comes from two new EVs hitting the market. The company will make adjustments if needed based on market conditions.

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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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Obama Administration launches series of actions to accelerate EV adoption; inc. $4.5B in loan guarantees, pursuing 350 kW fast charge

Green Car Congress

Promote a robust market for vehicle manufacturers, utilities, equipment service providers, and support industries that ensures a consistent user experience, customer choice, and allows for a streamlined permitting process. Georgia Power. Southern Company: Georgia Power. Dayton Power & Light Company. Duke Energy. General Motors.

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Ford’s EV price cuts boost demand as all-electric sales climb 80% in February

Baua Electric

Ford’s CFO John Lawler told investors in October that the company has “taken out some Mustang Mah-E production,” citing market demand. billion site in Georgia. Once up and running, Hyundai expects EVs assembled at the facility will qualify for the $7,500 federal tax credit, including its first three-row electric SUV , the IONIQ 9.

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