Tag: Hyundai

  • Canada Stops EV Incentives as Funding Runs Out

    Canada Stops EV Incentives as Funding Runs Out

    Automobile buyers and sellers in Canada are feeling the impact of the unexpected termination of the federal EV rebate program. As reported by Transport Canada, the Incentives for Zero Emissions Vehicles (iZEV) initiative is closing down because it has run out of allocated funds.

    Details of the iZEV Program

    The iZEV program provided EV purchasers with a $5,000 rebate when they bought or leased eligible vehicles. This program was distinct from provincial incentives and supported 546,000 vehicles throughout its duration.

    Initially, Canada’s EV incentive plan was scheduled to continue until March 31, 2025. However, Transport Canada has indicated that the allocated funds were exhausted more quickly than anticipated, largely due to a rapid increase in EV adoption. As of now, there is no word on whether the program might be reinstated in the future.

    Help from Automakers

    In response to this surprising news, several EV manufacturers are stepping in to assist buyers. Companies like Ford, General Motors, Hyundai, and Nissan are providing a $5,000 discount, though this offer is only temporary.

    Canada has set a goal that 20 percent of new passenger vehicle sales must be ZEVs by 2030, increasing to a full 100 percent by 2035. For perspective, approximately 1.86 million new cars were sold in the country in 2024.

    Source:
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  • BYD Set to Launch Passenger Cars in South Korea Next Year

    BYD Set to Launch Passenger Cars in South Korea Next Year

    Next year could pose some difficulties for Tesla and Hyundai in South Korea, largely due to BYD’s recent announcement about entering the local passenger vehicle market. BYD has been active in South Korea since 2016, but primarily in commercial vehicles like buses and forklifts. For those who aren’t aware of this brand and why it might concern Tesla or Hyundai, it’s important to note that the Chinese electric vehicle company has secured an order for at least 100,000 electric vehicles from Uber. Additionally, the upcoming 2025 refresh of the BYD Seal AWD is set to give Tesla’s similarly priced models a run for their money in terms of value.

    New Market Entry

    As reported by KED Global, BYD is set to launch in the South Korean passenger car market next year with premium models. The company aims to be the first Chinese car brand to win over Korean consumers, a feat that has eluded its Chinese competitors in the past due to their inability to meet the high standards of Korean drivers.

    Lessons from the Past

    Previous electric vehicle models that struggled in South Korea, like the BAIC Motor Corp. KENBO 600, faced significant safety and quality problems that hindered their acceptance in the market. However, the BYD Seal midsize sedan and the Atto 3 compact SUV come equipped with features that could help them avoid the same pitfalls.

    The Seal offers over 500 km on a single charge and is projected to be priced below $30,000 in South Korea. In contrast, the Atto 3 boasts a range exceeding 400 km at a similar price point. If these models succeed, BYD is considering introducing additional high-end electric vehicles, including the luxury Denza brand and the HAN series, according to sources familiar with the company’s plans, as reported by KED Global.

    Source: Link


  • Hyundai’s 2024 Kona Electric Features a Slightly Bigger Battery than its Predecessor

    Hyundai’s 2024 Kona Electric Features a Slightly Bigger Battery than its Predecessor

    Hyundai is set to release its latest electric car, the 2024 Kona Electric, in the United States later this year. This new model builds upon the success of its predecessor, the 2023 Kona Electric, with a range of enhancements and improvements.

    Enhanced Battery Capacity

    One of the key upgrades in the 2024 Kona Electric is its battery capacity. The new model features a slightly larger 64.8-kilowatt-hour battery, compared to the previous 64 kWh capacity. While this increase may seem small, it results in a modest boost in range. According to EPA estimates, the 2024 Kona Electric can travel up to 261 miles on a single charge.

    Improved Efficiency

    In addition to the increased range, the 2024 Kona Electric also introduces improvements in efficiency. However, it is marginally less energy-efficient than its predecessor. With an energy consumption rate of 116 MPGe, or about 291 watt-hours per mile, there is a slight uptick in energy use. This could be attributed to the vehicle's larger dimensions, including a longer wheelbase and increased width, which may affect aerodynamics.

    Faster Charging

    Charging time has seen a substantial improvement in the 2024 model. Thanks to a more powerful 10.8-kW on-board charger, the full charging time has been reduced by about three hours. Additionally, DC fast charging is faster, taking only 43 minutes to reach 80% charge.

    Innovative Features

    The 2024 Kona Electric introduces several new features aimed at enhancing the driver experience in electric mobility. One notable innovation is the i-Pedal mode, which enables one-pedal driving. This means that drivers can accelerate and decelerate using only the accelerator pedal, making driving more intuitive and engaging. The Smart Regenerative System is another new feature that adapts to traffic conditions, optimizing energy regeneration. Additionally, the Kona Electric offers Vehicle-to-Load (V2L) capability, allowing owners to use the car's battery to power external devices or even charge other electric vehicles.

    Competitive Pricing

    While pricing details have not been announced yet, it is expected that the 2024 Kona Electric will be priced similarly to its predecessor. This makes it a competitive option in the electric vehicle market. However, it is worth noting that the Kona Electric is not eligible for the $7,500 federal tax credit for imported EVs. Despite this drawback, the discontinuation of the Chevrolet Bolt EV presents an opportunity for the Kona Electric to capture a significant portion of the entry-level EV segment.

    In conclusion, the 2024 Hyundai Kona Electric offers a range of enhanced features and practical improvements compared to its predecessor. With a larger battery capacity, improved efficiency, faster charging, and innovative features, this new model exemplifies Hyundai's commitment to advancing electric vehicle technology. While pricing details and the lack of federal tax credits for imported EVs are important considerations, the Kona Electric remains a compelling choice in the EV market, particularly in the entry-level segment.

  • Hyundai Ioniq 6 N: Ready to Surpass its Predecessors

    Hyundai Ioniq 6 N: Ready to Surpass its Predecessors

    Hyundai’s Ioniq 6 N: A Game-Changing Electric Model in the N Series

    Hyundai is set to revolutionize the electric vehicle (EV) market with its highly anticipated Ioniq 6 N. As the most powerful model in Hyundai’s N series, this electric anomaly is expected to debut by 2025, redefining boundaries in the segment.

    Unmatched Power and Acceleration

    Boasting an impressive dual-motor setup, the Ioniq 6 N is anticipated to deliver a mind-blowing 641 horsepower. While the exact torque figures are still under wraps, speculations suggest that it will surpass the 545 lb-ft offered by its predecessor, the Ioniq 5 N. With these figures, the Ioniq 6 N promises extraordinary acceleration, potentially outperforming the Ioniq 5 N’s impressive 3.2-second sprint from 0 to 60 mph.

    Inspired Design and Technological Advancements

    The design of the Ioniq 6 N draws inspiration from the RN22e concept, which was unveiled last year as a precursor to Hyundai’s electric N models. The RN22e, featuring 577 horsepower, not only rivaled the Kia EV6 GT but also served as a testing ground for Hyundai’s Electric-Global Modular Platform (E-GMP). This platform is crucial for developing high-performance electric vehicles and showcases Hyundai’s commitment to pushing the boundaries of EV technology.

    Balancing Electric and Gasoline Power

    Despite Hyundai’s focus on electrification, the automaker has not abandoned its gasoline-powered cars. In fact, the upcoming Elantra N is expected to feature an even more robust gasoline engine. However, there is an undeniable emphasis on electric N models, driven by the tightening global emissions regulations.

    A Thrilling Electric Future

    Hyundai’s commitment to keeping the thrill of driving alive, even in an electric future, is evident in the Ioniq 6 N. By blending environmental responsibility with the exhilaration of high performance, Hyundai aims to provide a truly captivating driving experience. The Ioniq 6 N stands as a testament to this commitment, pushing the boundaries of what is possible in the EV market.

    With its groundbreaking power, stunning design, and technological advancements, the Hyundai Ioniq 6 N is set to make a lasting impact on the automotive industry. As Hyundai continues its journey towards electrification, we can expect more innovative and high-performance models to redefine the future of driving.

  • Hyundai Car Sales Exclusive Launch on Amazon Next Year

    Hyundai Car Sales Exclusive Launch on Amazon Next Year

    Hyundai Automobiles Available for Purchase on Amazon from the Coming Year

    Amazon is gearing up to broaden its product range by incorporating cars into its offerings. Through a collaboration with Hyundai, customers will be able to buy cars directly on the Amazon app commencing in 2024. This move is designed to simplify the purchasing process for Prime members who can now have their newly bought vehicles delivered straight to their doorsteps.

    Pioneering Online Car Sales

    The CEO of Amazon, Andy Jassy, revealed this partnership through a Twitter announcement, outlining the introduction of online car sales in the United States within the upcoming year. The primary objective of this collaboration is to enrich the customer’s buying journey and seamlessly integrate the Alexa experience into Hyundai vehicles.

    The procedure for buying a car on Amazon will mirror the process of purchasing other items on the platform. Users can scout for cars based on location, apply filters to identify specific models, and customize the desired specifications of the car, akin to choosing storage capacity on a smartphone.

    Following in Tesla’s Footsteps

    Amazon’s venture into online car sales corresponds with the evolving landscape of the automotive industry. Tesla, spearheaded by Elon Musk, has revolutionized car sales through its digital sales approach. Tesla’s success in circumventing traditional dealerships and concentrating on digital sales channels has underscored that elaborate global operations are dispensable.

    This strategic shift has been embraced by various car manufacturers, including Hyundai. Although the debut countries for Amazon’s car sales initiative remain undisclosed, a prompt global expansion is on the horizon.

    Wrapping Up

    Amazon’s resolution to vend cars via its app signifies a momentous milestone in e-commerce. Through its alliance with Hyundai, Amazon aims to furnish customers with a flawless car purchasing experience. The added perk for Prime members is the convenience of doorstep delivery, enabling them to acquire their dream cars with minimal effort using their smartphones. As the automotive sector progressively embraces digital sales channels, it will be intriguing to witness how other automakers and e-commerce platforms adapt to this pioneering methodology.