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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. The CASPER costs around $15,000 in its home market, so a sub-25,000 euro ($27,000) starting price for the EV is expected. The new IONIQ EV will join the IONIQ 5 and IONIQ 6.

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

Baua Electric

billion Hyundai Motor Group Metaplant America (HMGMA) in Georgia is expected to be up and running by the end of the year. Parker said Hyundai is giving buyers the confidence to go electric with long-range, fast-charging EVs at an affordable price. Randy Parker, Hyundai’s North American boss, has a similar view.

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

Baua Electric

Ford’s EV sales climbed 80% year-over-year (YOY) in February following aggressive price cuts last month. Ford EV sales climb in February following price cuts After EV sales slipped 11% last month in EV sales last month, Ford saw a big improvement in February with 6,368 all-electric vehicles handed over, up 80.8% over last year.

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