Kia showcased its EV3 and EV4 concepts at the LA Auto Show and launched an all-new hybrid Sorento. Kia also launched a $20K EV5 electric SUV in China to compete with BYD and Tesla. Hyundai and Kia reported strong demand for EVs in the U.S. despite concerns from rivals. The U.S. electric vehicle market is experiencing a price drop and slower adoption. Sales of all-electric models in the U.S. have plateaued around 100,000 a month, with inventories piling up and prices falling. Electric vehicle battery prices are falling faster than expected, and the market is seeing a revamp with new EVs gaining attention at auto shows in the U.S. and China.
Number of electric cars sold has PLATEAUED, with inventory piling up and prices slashed - but sales of gasoline vehicles remain strong https://t.co/v83gD2n3aw https://t.co/mSADwPi5LI
Electric vehicle battery prices are falling faster than expected $TSLA https://t.co/CcvVu1wSUC
Number of electric cars sold has PLATEAUED, with inventory piling up and prices slashed - but sales of gasoline vehicles remain strong https://t.co/tRd0IcKbtF https://t.co/m9YU490NaJ
Hyundai and Kia are 'pulling ahead' with strong EV demand despite rival concerns https://t.co/QiBUz1qKxm by @EVPeteJohnson
Hyundai, Kia see strong demand for EVs, despite rivals' concerns https://t.co/TOR7IEU238 https://t.co/rhbBYXtcxo
U.S. electric vehicle market sees price drop amid slower adoption https://t.co/1NPc5fjD2a https://t.co/Rb8wQKfiHb
EV prices are going to fall even more & should be cheaper than ICE in a couple of years… a lot of it is driven by lithium production increases in China, Australia & Chile. Batteries are 30-40% of the cost of an EV & costs should plummet in the next couple years. https://t.co/UADUxkoAVs
⚠️ HYUNDAI, KIA SEE STRONG DEMAND FOR EVS, DESPITE RIVALS' CONCERNS Full Story → https://t.co/JLv9jysUl3 Hyundai Motor and Kia see strong U.S. demand for electric vehicles (EVs), senior executives at the South Korean automakers told Reuters ahead of the Los Angeles Auto Show. https://t.co/7cJd8n8OGP
Sales of all-electric models in the U.S. have plateaued around the 100,000-a-month mark for the past half year after a period of rapid growth. Inventories are piling up and prices are falling, led by market leader Tesla. https://t.co/NUS9xx00zD
Hot new electric vehicles at Seattle Auto Show highlight an industry that isn’t slowing down https://t.co/Is4EBYn4BA
Hyundai CEO discusses alarming electric vehicle trend https://t.co/Io9HbUNb9s
Kia launches $20K EV5 electric SUV in China to rival leaders BYD and Tesla https://t.co/vJ7NHfVNZH by @EVPeteJohnson
ChargePoint results paint a bleak picture of U.S. EV adoption trends https://t.co/8AW65MTMJR
In America's largest car market, California, electric cars continue to gain in market share and volume https://t.co/akRRxsrJYS
These are the new EVs causing a stir at the 2023 Auto Guangzhou show https://t.co/l45UF4za6j
These are the new EVs causing a stir at the 2023 Auto Guangzhou show https://t.co/Ap1edPx19I
How Modern Technologies Are Revamping The EV Space https://t.co/mwu733Vfv3
Kia brings EV3 and EV4 concepts to the LA Auto Show and is launching an all-new hybrid Sorento https://t.co/pNmuvmYvqt
Kia's latest EV concepts go big on geometrics and cabin vibes https://t.co/qLCL6fvQ79 https://t.co/H2g7RWWaKN
Kia brings EV3 and EV4 concepts to the LA Auto Show and is launching an all-new hybrid Sorento https://t.co/EGAd7BFWgs
Kia shows its EV3 and EV4 concepts at LA Auto Show https://t.co/p8BpT0D89O
Toyota is making a big new move to give its electric vehicle sector a boost https://t.co/r2oCJmGjKL