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Electric Car

Electric Car

Sales of Korean EVs Plummet in U.S. as Subsidies Dry up

Hyundai and Kia posted overall record sales in the U.S. in November, but sales of its flagship electric cars dwindled as government subsidies were stopped. The culprit is the Inflation Reduction Act, which excludes EVs made outside North America from tax rebates. Hyundai sold 1,191 Ioniq 5s and Kia just…
bubmag
December 5, 2022
Electric Car

Hidden cost inside all electric vehicles revealed

Electric car manufacturers are “not telling” the public about the enormous cost of a replacement battery, says news.com.au Motoring Editor Richard Blackburn. Replacement batteries for electric cars are “not cheap,” Mr Blackburn said. Mr Blackburn managed to get a response from Lexus, which quoted him $47,000 for a replacement battery.…
bubmag
October 17, 2022
Electric Car

Biden Promises Consultations over Subsidies for Korean EVs

U.S. President Joe Biden on Wednesday wrote to his Korean counterpart Yoon Suk-yeol promising to continue consultations with Seoul over the scrapping of subsidies for Korean-made electric cars. According to the presidential office here, Biden pledged to continue consultations with Korea on the protectionist Inflation Reduction Act "with an open…
bubmag
October 6, 2022
Electric Car

Axios What’s Next

October 05, 2022 People who switch to electric cars tend to stick with them, Joann reports today — a promising sign for long-term EV adoption. Today's newsletter is 1,077 words ... 4 minutes. 1 big thing: Once you go electric...Illustration: Sarah Grillo/AxiosPeople who buy electric vehicles (EVs) really like them,…
bubmag
October 5, 2022
Electric Car

Hyundai, Kia’s EV Sales Plunge in U.S.

Hyundai and affiliate Kia's electric car sales in the U.S. plunged more than 10 percent last month due to a prolonged global chip shortage.  The debacle comes even before U.S. state subsidies for EVs made outside North America are scrapped in the coming months.  Hyundai on Monday said it sold…
bubmag
October 5, 2022
Electric Car

BYD Sold 94,914 BEV in September

BYD sold 200,973 hybrid and electric cars in September, 2022. They sold 94,941 battery electric vehicle in September, 2022 up 161.5 percent from 36,306 units in Sept, 2021. BYD sold 106,032 units Plug-in hybrid vehicles (PHEVs) in Spetember, 2022 which is up 214.49 percent from 33,716 units in the same…
bubmag
October 4, 2022