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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. Despite talk of an “EV slowdown,” Hyundai is charging ahead.

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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. 2024 Kia EV6 GT (Source: Kia) Once its Georgia EV plant opens, Hyundai expects the momentum to increase. The EV3 is the first of Kia’s new low-cost electric car line-up priced from $30,000 to $50,000.

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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

Georgia Power. Southern Company: Georgia Power. It will also list current tax credits and incentives applicable to EV charging. Southern Company: Georgia Power. Dayton Power & Light Company. Duke Energy. Edison Electric Institute. Electric Drive Transportation Association (EDTA). Eversource Energy. General Motors.

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

Baua Electric

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. Farley said Ford developed a “super talented skunk works team to create a low-cost EV platform.”

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