Kia Aims To Sell 93,000 EVs In Europe This Year
SEOUL, May 30 (Yonhap) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for…
Slow Fundraising Adds Urgency To PE’s Retail Push; European EV Investments Up
When TPG Inc. announced May 15 that it agreed to a $3 billion deal to acquire investment firm Angelo Gordon & Co. LP, the listed private equity firm touted the addition of a $55 billion credit business to its portfolio, increasing its…
Hyundai CEO Reveals US EV Leases Are Climbing As Buyers Take Avantage Of IRA Tax Credit
Hyundai has been on a roll in the US as the automaker embraces the industry’s transition to electric vehicles. The automaker says EV leases are climbing as buyers take advantage of the tax credit provided by the Inflation Reduction Act (IRA). …
How Almost Any Electric Vehicle Can Qualify For The $7,500 EV Tax Credit
When new requirements for the EV tax credit took effect in April, the number of electric vehicles that qualified for the $7,500 tax break dropped dramatically. Right now only about a dozen cars, mostly from US automakers, are on the IRS’ official list. But…
GM Set To Introduce EV Lineup In Europe This Fall
General Motors is ramping up its all-electric vehicle efforts with plans to launch 30 new EV models globally by 2025. Interestingly, GM will offer a selection of its latest battery-powered vehicles in Europe, with new GM EV sales ramping up in…
International Energy Agency Predicts 14 Million EV Sales In 2023
The International Energy Agency expects over 14 million EVs to be sold globally in 2023, which would account for about 18 percent of total car sales for the full year, as reported by CNET. The figure would represent a 35 percent increase year…
