Tag: Hyundai ev

2023 Will Be the Year of the Electric SUV
1Jan By adminNo Comments
Technology

2023 Will Be the Year of the Electric SUV

[ad_1] A parade of cargo-friendly and affordable electric cars are coming next year, though it will still be tough to buy one. In the evolution of the electric vehicle, 2022 will be remembered for its megafauna: Massive electric trucks finally roamed the land, with equally outsized prices. Next year, however, should bring some subspecies — a diaspora of SUVs, including some slightly smaller options and, rarer still, a precious few with more modest window stickers. If you are in the market for a car, here are four prognostications to keep in mind.You can expect to see more EVs at Costco. Somewhere around 20 all-new electric vehicle models are expected to launch in the US over the next 12 months, roughly the same amount as debuted this year. Critically, however, many of them are aimed a...
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Hyundai’s bright profit view clouded by U.S. EV concerns
24Oct By adminNo Comments
Technology

Hyundai’s bright profit view clouded by U.S. EV concerns

[ad_1] Hyundai and its affiliate Kia Motors, which make the popular Ioniq 5 and EV6 electric cars, had reported a strong EV performance in the US. Hyundai Motor Co raised earnings guidance on Monday, buoyed by premium vehicle sales and a foreign exchange lift, but disappointing quarterly results and an uncertain U.S. electric vehicle (EV) sales outlook sent its shares down 3%. South Korea's Hyundai and its affiliate Kia Motors , which make the popular Ioniq 5 and EV6 electric cars, had reported a strong EV performance in the United States until July, doubling last year's sales and blowing past Ford Motor Co, Volkswagen AG and General Motors Co . But momentum has since stalled. Sales of the Ioniq 5 crossover SUV in the United States slumped around 14% in September from the previou...
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Hyundai to Focus on EVs and Luxury During Raft of Uncertainties
24Oct By adminNo Comments
Technology

Hyundai to Focus on EVs and Luxury During Raft of Uncertainties

[ad_1] Hyundai Motor Co. said it will focus on luxury models, SUVs and electric vehicles to achieve what it expects to be record-high earnings this year. Hyundai Motor Co. said it will focus on luxury models, SUVs and electric vehicles to achieve what it expects to be record-high earnings this year even as challenges such as inflation and fluctuating raw material prices persist.While supply-chain disruptions continue to stoke uncertainty, and currency volatility and higher marketing costs in the face of tougher competition will be a burden, the global chip shortage should ease in the fourth quarter, Hyundai said Monday as it announced quarterly results that missed analysts' estimates. Operating profit for the three months through September was 1.55 trillion won ($1.07 billion), the So...
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Hyundai Lobbies US to Ease EV Rule That Hurts Foreign Carmakers
19Oct By adminNo Comments
Technology

Hyundai Lobbies US to Ease EV Rule That Hurts Foreign Carmakers

[ad_1] Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions. Hyundai Motor Co. and the South Korean government are ratcheting up lobbying to loosen restrictions that Senator Joe Manchin fought to include in this year's US climate law, arguing the rules could blunt the automaker's rapid growth in the market. At issue is a requirement to limit a $7,500 consumer tax credit to electric vehicles built in North America, since Hyundai won't have an EV plant there until 2025. Democrats included the provision in the landmark climate bill to win support from Manchin, a West Virginia senator who wanted to ensure the tax credit would lead to domestic investment. Depending on how the Biden administration chooses to interpret the law, the rule c...
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