Hyundai believes it has found the “sweet spot” with three long-range, fast-charging, and affordable EVs available in the US. With rivals launching new electric models this year, Hyundai expects stronger competition in the second half of the year.
Expand Expanding CloseAuthor
Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.
Porsche accelerates shift to electric vehicles as gas-powered models die off
Porsche is doubling down on its shift to EVs as gas-powered vehicles, like the Macan, are already being retired in Europe. With new electric vehicles launching, including the Macan, Boxster, Cayenne, and a range-topping seven-seater EV, Porsche is laying the groundwork for the future.
Expand Expanding CloseBYD launches new 2025 Dolphin EV with the same $14K price tag and more range
Adding to its arsenal of low-cost electric cars, BYD launched its updated 2025 Dolphin EV on Monday. The new Dolphin starts at the same $13,700 (RMB 99,800) price, but with a bigger battery, the updated model boasts a longer driving range.
Expand Expanding CloseBYD is building a massive $1 billion EV plant in Turkey as global expansion accelerates
BYD signed a deal to build a massive $1 billion EV plant in Turkey on Monday. The news comes after BYD opened its first factory in Thailand, with others planned in Brazil and Mexico as it expands in overseas markets.
Expand Expanding CloseLucid (LCID) beats Q2 delivery goal after a record quarter
Luxury EV maker Lucid (LCID) is trending after beating Q2 expectations and setting a new delivery record. The news is sending Lucid shares higher on Monday.
Expand Expanding CloseFord teases its new EV coming this week, a revival of a ‘legend’
Ford is unveiling its newest electric vehicle this week. Ahead of its official debut, Ford teased the new EV, claiming “the legend is back.”
Expand Expanding CloseHyundai, Kia, and Subaru offer the best electric SUV lease deals in July, starts at $199/mo
July is finally here, and the deals are heating up. The best SUV lease deals in July are almost all fully electric models, including the Hyundai IONIQ 5, Kia Niro EV, and Subaru Solterra. Check out the new offers below.
Expand Expanding ClosePorsche to slow Taycan output as sales slump, can the new Macan EV turn things around?
Porsche’s first all-electric sports car was a hit. But, nearly five years later, Taycan sales are falling amid new competition. Porsche is reportedly cutting Taycan output amid the sales slump. With the new Macan EV viewed as a beacon of hope, can Porsche turn things around?
Expand Expanding CloseHyundai’s new IONIQ 9 electric SUV will launch later than expected: Here’s what we know
Hyundai’s new three-row electric SUV is set to debut later than expected. Although Hyundai was expected to launch the IONIQ 9 this summer, it looks like we may have to wait a little longer.
Expand Expanding CloseWill BYD steal Tesla’s crown to become the world’s largest EV maker in 2024?
Despite closing in on Tesla in the second quarter, BYD was barely edged out for the world’s largest EV maker title. However, a new research report suggests BYD could steal Tesla’s crown by the end of 2024.
Expand Expanding CloseKia’s sporty EV9 GT electric SUV spotted out in public ahead of its official debut [Video]
With “enormous power,” the Kia EV9 GT builds on the already impressive electric SUV with high-performance upgrades. Kia’s EV9 GT was spotted out in the wild this week ahead of its official launch. Check it out in the video below.
Expand Expanding CloseHyundai and LG open first EV battery cell plant in Indonesia to power up affordable EVs
Hyundai opened the first EV battery cell plant in Indonesia with LG Energy Solution as it builds out its global supply chain. The plant will supply cells for over 150,000 competitively-priced Hyundai and Kia EVs, starting with the new Kona Electric.
Expand Expanding CloseFord’s EV sales surge in Q2, topping GM for second in the US EV market behind Tesla
Ford’s EV sales climbed 61% in the second quarter, carrying the automaker’s growth. With nearly 24,000 electric vehicles sold in Q2, Ford topped GM again to remain second in the US EV market as it looks to close the gap with Tesla.
Expand Expanding CloseBYD’s aggressive EV price cuts spark backlash in Thailand with up to nearly $10,000 in savings
After slashing prices on its electric cars in Thailand, BYD is facing backlash from buyers. With up to nearly $10,000 in savings, BYD’s latest EV price cuts have sparked an investigation in Thailand.
Expand Expanding CloseGM tops Q2 and first half EV sales records as Chevy Blazer, Equinox EVs roll out
GM broke Q2 and first-half EV sales records with new models like the Chevy Blazer and Equinox EVs hitting the market. However, GM’s new electric cars were not the only ones driving growth, as sales of the Cadillac Lyriq and GMC Hummer EVs also surged.
Expand Expanding CloseHyundai IONIQ 5 and IONIQ 6 set new Q2 US sales records as EV hot streak continues
Hyundai is showing no signs of slowing down in the US EV market after a record-breaking second quarter. The Hyundai IONIQ 5 and IONIQ 6 both set new Q2 sales records as demand for long-range EVs at an affordable price continues to climb in the US.
Expand Expanding CloseBYD secures new EV leasing partner to take on Europe
China’s BYD has found a new EV leasing partner in Europe as it expands overseas. BYD signed a deal with leading car leasing firm Ayvens to distribute its vehicles across Europe.
Expand Expanding CloseKia’s EV sales surged to a new record in the US with affordable, long-range models
Kia’s EV sales in the US doubled in the first half of the year, hitting a new record. After selling over 5,000 EVs for the third straight month, Kia looks to keep the momentum going in the second half of 2024.
Expand Expanding CloseRivian (RIVN) deliveries remain flat in Q2, but things are looking up in the second half of 2024
Electric vehicle maker Rivian (RIVN) delivered nearly 13,800 EVs in the second quarter of 2024. Although Q2 deliveries remained flat from Q1, Rivian plans to ramp up output in the second half of 2024. Here’s what to expect.
Expand Expanding CloseFord CEO calls out America’s love for ‘monster vehicles’ with smaller $30,000 EV coming
As the leader of the over 120-year-old automaker, Ford CEO Jim Farley has an essential job of steering it into the future. Farley said smaller EVs, which Ford is shifting toward, are “super important for our society.” Meanwhile, Farley addressed the love for larger, “monster vehicles” in the US.
Expand Expanding CloseNIO shatters records in June, delivering over 20K EVs for the second straight month
With over 20,000 electric vehicles delivered (again) last month, NIO broke its monthly and quarterly records. The surge comes with new models rolling out as NIO aims to expand the brand.
Expand Expanding CloseKia’s new EV3 secures over 10,000 reservations: Is this the affordable EV game changer?
Kia’s new low-cost electric SUV has already secured over 10,000 reservations in its home market. Kia sees the EV3 as a potential “game changer” with climbing demand for affordable electric options.
Expand Expanding CloseBYD just set a new sales record as aggressive price cuts take effect, is it enough to top Tesla?
China’s leading EV maker, BYD, set a new monthly NEV sales record as it battles for market share in an increasingly competitive market. The growth after BYD slashed prices on some of its top-selling electric vehicles. Will it be enough to top Tesla in the second quarter?
Expand Expanding CloseYou can now lease a Hyundai IONIQ 5 for less than the cheapest car in the US
Hyundai’s top-selling electric SUV is on sale. Starting at just $17,820, the Nissan Versa is America’s cheapest car, but with massive incentives, the 2024 Hyundai IONIQ 5 is even more affordable to lease.
Expand Expanding Close