Hyundai, already India's second-biggest carmaker by sales, will introduce five EV models by 2032 to add to the two it already sells -- the Kona and Ioniq 5 sport utility vehicles . It will also grow its charging stations to 439 by 2027.
Kia will start producing small EVs from 2025 and develop EV charging infrastructure as well as double its sales network, aiming to boost its domestic market share to 10% eventually, from 6.7% currently, Hyundai Motor Group said in a statement.$2.45 billion to beef up EV production in the country, and is bullish on the local appetite for EVS.
"The country is becoming an increasingly important center for electric vehicle production and sales," Hyundai said. It expects EV sales to hit 1 million units by 2030, a massive jump from the 48,105 EVs sold in the country in fiscal 2023, according to government data quoted by an industry body.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
New electric vehicle charging network being built by major automakers could lure more buyers to EVsThe announcement Wednesday that seven automakers will build a large North American electric vehicle charging network should pull people off the sidelines to at least consider switching from gas-powered vehicles.
Source: AP - 🏆 728. / 51 Read more »
Proposed New York Auto Museum Would Focus On EVs And Autonomous VehiclesThe New York Auto Museum initiative aims to open a 200,000 square foot facility in Manhattan that would focus on electric vehicles, autonomous driving technology, and the future of the automobile. The museum would feature educational exhibits, exclusive car collections, and a restaurant, and is expected to attract over two million visitors annually.
Source: Carscoop - 🏆 306. / 63 Read more »
GM Announces All EVs to Have Home Power Capability by 2026General Motors (GM) has announced that all of its electric vehicles (EVs) will be able to power homes by 2026. The company will also offer stationary storage solutions to enable vehicle-to-home (V2H) capabilities. The Chevy Silverado EV will be the first model to have bidirectional power capabilities, followed by electric models from GMC and Cadillac.
Source: verge - 🏆 94. / 67 Read more »