Hyundai will introduce its new affordable EV, the Casper Electric, next week. In Europe, it will be called the Inster EV as Hyundai looks to meet the growing demand for low-cost EVs. Ahead of its official debut, Hyundai is giving us a closer look at the model in its latest video. Check it out below.
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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.
Volvo EX30 tops Mini in Europe as low-cost EV’s sales surge in May
The cheapest and smallest Volvo EV is off to a hot start. After only five months on the market, the Volvo EX30 topped BMW’s Mini in Europe’s small premium segment as sales continued surging.
Expand Expanding CloseFerrari’s new solar-powered e-building opens ahead of first EV sports car debut
The Italian luxury sports car maker is preparing to launch its first EV. Ferrari’s new e-building opened its doors on Friday with Italian President Sergio Mattarella in attendance. The new plant, entirely powered by renewable energy, is set to launch the first Ferrari EV sports car.
Expand Expanding CloseBYD nears huge Mexico EV plant deal with 50,000 sales in sight this year
China’s leading automaker, BYD, is rapidly expanding its global footprint. BYD is closing in on a deal for an EV plant in Mexico, which is expected to be among the biggest in the region.
Expand Expanding CloseBMW 1 series is going electric as an affordable EV for younger buyers
BMW’s compact class is going electric. The BMW 1 Series will be transformed into an affordable electric car as the brand looks to attract younger buyers. BMW’s 1 Series and 2 Series will spawn i1 and i2 EV models.
Expand Expanding CloseNIO confident its affordable Firefly EVs will still be competitive despite EU tariffs
With additional tariffs expected on imported Chinese EVs, NIO says its affordable Firefly brand will still be competitive in the EU. Although it may impact sales, CEO William Li is still confident in the EV maker’s expansion plans.
Expand Expanding CloseDrastic price cuts boost EV registrations in April as Toyota, Ford, Rivian lead growth
Ford, Rivian, and Toyota led the growth in April as US EV registrations perked up. The growth comes after drastic price cuts and other incentives led to over $10,000 in savings on some models.
Expand Expanding CloseBYD hits a major milestone as its Yuan brand crosses 1 million in sales
China’s leading EV maker, BYD, just hit another major milestone. The BYD Yuan family surpassed 1 million in sales this week, becoming its latest brand to cross the threshold.
Expand Expanding CloseHyundai is launching two new electric cars in Europe, a low-cost EV and new IONIQ model
Despite talk of an “EV slowdown,” Hyundai is charging ahead. 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.
Expand Expanding CloseRange Rover Electric waitlist doubles as over 38,000 line up to buy the brand’s first EV
The first all-electric Range Rover SUV is expected to officially debut later this year. With over 38,000 buyers lining up, the Range Rover Electric waitlist has doubled over the past four months as anticipation builds.
Expand Expanding CloseJaguar Land Rover is reviving this SUV as an EV model to rival BYD
Jaguar Land Rover is reviving the Freelander as an electric SUV to compete with BYD in the world’s largest EV market. The Freelander EV is part of JLR’s plans to revamp the brand as the industry shifts to electric.
Expand Expanding CloseFord cuts Mustang Mach-E EV lease prices with up to 400% discount
You can now drive an electric Ford Mustang Mach-E for less than the gas-powered model. With an up to 400% discount, Ford Mach-E lease prices are considerably cheaper.
Expand Expanding CloseFerrari is preparing to launch its first EV sports car, but it will come with a hefty price tag
The first fully electric Ferrari is coming soon. Ferrari is preparing to launch its first electric sports car, but it will come with a hefty price tag. The first Ferrari EV sports car will cost over $500,000 (500,000 euros). Here’s what you can expect.
Expand Expanding CloseKia EV4 captured in the wild showing off distinct rear end [Video]
Kia is launching its new low-cost EV4 next year. Ahead of its official debut, the Kia EV4 was captured out in the wild. Check out the unique back end in the new video below.
Expand Expanding CloseBYD wants to take on Hyundai in Korea with its $25,000 Seal EV
BYD is charging up the competition with Hyundai on its home turf. The Chinese automaker plans to launch its Tesla Model 3-rivaling Seal EV in Korea for under $25,000.
Expand Expanding CloseJeep Wagoneer S all-electric SUV to launch with a $7,500 lease discount
Jeep’s first fully electric vehicle in the US will debut with a $7,500 discount as the rugged SUV brand looks to compete with Tesla. The Jeep Wagoneer S will launch this fall with a $7,500 lease discount, making it more competitive with Tesla’s top-selling Model Y. Which electric SUV are you going with?
Expand Expanding CloseHyundai to launch updated 2025 IONIQ 5 as first EV at its new GA plant: Here’s what to expect
Hyundai’s best-selling electric vehicle is getting a refresh. The updated 2025 IONIQ 5 will be the first vehicle to roll out of Hyundai’s new $7.6 billion EV plant in Georgia later this year. Here are some changes you can expect to see with the new Hyundai IONIQ 5.
Expand Expanding CloseBYD, Chinese EV makers account for +40% of German EV imports ahead of new tariffs
Chinese EV makers, including BYD, accounted for over 40% of German EV imports through April 2024. China remained the largest EV importer in Germany ahead of the new EU tariffs. Can China maintain the momentum with additional tariffs on EV imports of up to 38.1%?
Expand Expanding CloseGM’s Wuling teases new Starlight S electric SUV to compete with BYD, Tesla
A new electric SUV is primed to take on BYD and Tesla in China. GM’s joint venture, SAIC-GM-Wuling, unveiled the first teaser images of its new Starlight S electric SUV Monday. Check out the first images below.
Expand Expanding CloseVolvo hints the EX30 could be exported from Belgium to the US to avoid new EV tariffs
With new tariffs introduced on EVs made in China, Volvo is criticizing the EU’s decision, saying it will only hurt buyers. Meanwhile, Volvo suggested the US-bound EX30 could come from Belgium as it looks to avoid newly introduced tariffs.
Expand Expanding CloseNIO’s semi-solid state EV battery supplier ramps output as 621-mi range ET7 rolls out
NIO and its suppliers are forging a new path in China’s EV market. WeLion New Energy Technology, NIO’s semi-solid-state EV battery maker, saw a 31% increase in installations last month. The growth comes as NIO officially began renting its 150 kWh battery pack for the new ET7 this month, enabling over 621 (1,000 km) CLTC range.
Expand Expanding CloseKia to build $30,000 EV3 in Mexico, unlocking US EV tax credit
A new low-cost EV is primed to hit the US market. Kia plans to build its new EV3 in Mexico as it looks to take advantage of the US electric vehicle tax credit.
Expand Expanding CloseHyundai says EVs are ‘top priority’ in the US with massive $7.6B Metaplant opening soon
Despite the competition pulling back, Hyundai is racing full speed ahead as it looks to close the gap with Tesla in the US electric vehicle market. Hyundai Motor Group CEO Chang Jae-hoon confirmed EVs are “the top priority” in the US as construction on its massive $7.59 billion Metaplant wraps up in Georgia.
Expand Expanding CloseChevy cuts Equinox EV lease prices by nearly $140 per month
If you were looking to lease Chevy’s new all-electric Equinox, it just got a lot cheaper. Chevy cut Equinox EV lease prices by nearly $140 per month. With new offers, the Chevy Equinox EV can be leased for as little as $379 per month.
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