The first Hyundai plant dedicated to building EVs and batteries in the US will be open as soon as this October. According to Hyundai Motor America CEO Jose Munoz, the brand is “pulling ahead” to gain eligibility for the $7,500 EV tax credit.
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Peter Johnson is covering the auto industry’s step-by-step transformation to electric vehicles. He is an experienced investor, financial writer, and EV enthusiast. His enthusiasm for electric vehicles, primarily Tesla, is a significant reason he pursued a career in investments. If he isn’t telling you about his latest 10K findings, you can find him enjoying the outdoors or exercising. For questions or comments, you can email him at Peter@electrek.co. You can also follow him on Twitter @EVPeteJohnson.
Toyota is benchmarking the Tesla Cybertruck and Ford F-150 Lightning in the US
Is Toyota gearing up to launch an electric pickup in the US? The Japanese automaker is currently benchmarking the Tesla Cybertruck and Ford F-150 Lightning, suggesting one could be in the works.
Expand Expanding CloseA Volkswagen brand pickup will not happen, but we still have Scout’s EV truck coming
If you were waiting for a Volkswagen brand pickup truck in the US, you might want to start looking for alternatives. VW confirmed a pickup truck is not in the plans for the US. However, a new electric pickup from its off-road Scout brand is still set to debut.
Expand Expanding CloseDid Genesis just leak the new all-electric GV60 design?
The all-electric Genesis GV60 is due for an upgrade. In a video announcing new brand ambassador Jack Ickx, the updated Genesis GV60 design appears to have leaked in the background.
Expand Expanding CloseToyota bZ4X crashes into the ocean after the driver forgot to put the EV in park [Video]
Imagine getting out of your car to toss trash and returning to find it rolling into the ocean. A Toyota bZ4X drove itself off a pier and crashed into the ocean just north of Boston after the driver forgot to put the EV in park Wednesday.
Expand Expanding CloseJaguar Land Rover delays two EVs as first electric Range Rover rolls out this year
Jaguar Land Rover is pushing back the launch of two key electric models amid “surprising” demand for its plug-in hybrids. The announcement comes as the company is seeing strong interest in the first electric Range Rover after orders opened in December.
Expand Expanding CloseThis Chinese electric truck will be as quick as Tesla’s Cybertruck with heavy loads
Chinese EV maker Geely is launching a 4WD version of its Radar RD6 electric truck that will rival the Cybertruck. According to the brand’s CEO, it will have similar acceleration to Tesla’s Cybertruck while carrying heavy loads.
Expand Expanding CloseHyundai IONIQ T10 emerges as a potential electric pickup option
Is the Hyundai IONIQ T10 the electric truck we’ve been waiting for? A new trademark filing for an IONIQ T10 suggests Hyundai could be aiming for Ford’s F-150 Lightning.
Expand Expanding CloseGM taps former Tesla battery expert to help it deliver low-cost EVs at scale
As GM looks to deliver on its promise of EVs for everyone, the automaker is recruiting talent from the best. GM announced Thursday that it has hired Kurt Kelty, former Tesla executive and recognized battery expert, as it aims to launch low-cost EVs.
Expand Expanding CloseBYD’s upcoming EV plans leak showing new Seal and Tesla Model Y rivaling SUV launching
BYD is rolling out new electric models in different segments as it looks to stay on top of the EV sales market. BYD’s latest EV plans leaked, showing a new electric SUV rolling out in April to compete with Tesla’s top-selling Model Y.
Expand Expanding CloseFord will unveil its all-electric Puma Gen-E later this year
The UK’s best-selling car is going electric. Ford said it will reveal the all-electric Puma Gen-E later this year as it expands its European EV lineup.
Expand Expanding CloseBYD takes 20% of Japan’s EV imports in January after launching just last year
Watch out, Toyota. BYD continues its dominant overseas expansion after accounting for over 20% of Japan’s EV imports last month. After launching just last year, BYD is already making its presence known as Japan lags behind the auto industry’s shift to electric.
Expand Expanding CloseBMW introduces gorgeous i5 Touring, its first all-electric luxury wagon, but not in the US
BMW is launching its first all-electric luxury wagon, the i5 Touring, with up to 348 miles (560 km) WLTP range. The luxury BMW wagon is more advanced than ever. It’s now more sporty, has new features, and is available in an all-electric form for the first time.
Expand Expanding CloseFord is building a low-cost EV platform with some of the ‘best EV engineers’ to rival Tesla
Ford (F) assembled a “super-talented skunk works team” to build a low-cost EV platform. The small team consisted of “some of the best EV engineers in the world,” according to Ford’s CEO Jim Farley. It will be used to launch several new software-defined electric models.
Expand Expanding ClosePorsche upgrades the 2025 Taycan with more range, performance, and fast charging
Porsche’s electric sports received a major upgrade for the 2025 model year. The new Porsche Taycan features longer range, more performance, and fast charging capabilities.
Expand Expanding CloseFord beats Q4 earnings estimates despite EV pullback, hybrid shift
Ford reported its fourth-quarter earnings Tuesday after the market, beating Q4 revenue and profit estimates. The automaker expects the momentum to continue in 2024 despite pulling back EV investments.
Expand Expanding CloseBYD is launching newly developed smart driving ADAS tech next month
Chinese EV leader BYD is launching its new in-house smart driving tech next month. According to local reports, the advanced ADAS feature will roll out by the end of March.
Expand Expanding CloseKia has a plan to guarantee EV resale value overseas, like the EV6 and EV9
Kia plans to fight falling EV resale prices in Australia with a new guaranteed future value program. New electric models, including the EV6 and Kia EV9, will be part of the plan.
Expand Expanding CloseHertz (HTZ) blames EVs for Q4 earnings miss as stock price rises anyways
Car rental company Hertz (HTZ) missed Q4 earnings expectations, blaming “headwinds” with its EV fleet. Hertz believes reducing the number of EVs in its fleet will improve profitability.
Expand Expanding CloseVolvo’s first electric minivan, the EM90, officially rolls off the assembly line
The first all-electric Volvo EM90 officially rolled off the assembly line on Tuesday. Volvo’s EM90 is the brand’s first electric minivan, complete with a “Scandinavian living room” interior.
Expand Expanding CloseRivian R1T makes its way overseas in neon green to charge up MEVCO’s fleet
Rivian’s all-electric R1T pickup looks even better in neon green. The R1T is more than an electric truck. It’s an adventure vehicle built for “whatever you call a road.” Its latest venture will go where most wouldn’t dare, as the Rivian R1T will be used to charge up the mining industry.
Expand Expanding CloseKia is recalling 1,200 EV6 and Niro EVs over faulty drive shafts
Kia is recalling just over 1,200 EV6 and Niro EVs over a faulty drive shaft that can result in a loss of power.
Expand Expanding CloseBYD’s Yangwang U7 ultra-luxury EV leaked with nearly 1,300 hp and 500 miles range
BYD is preparing to launch its first ultra-luxury electric sedan as part of its high-end Yangwang brand. Ahead of its official launch, the BYD Yangwang U7 specs were leaked with almost 1,300 horsepower and 500 miles (800 km) CLTC range.
Expand Expanding CloseVolvo marks 17 straight months of growth as EV sales lead the way in January
Volvo Cars is starting 2024 with its 17th straight month of growth. Volvo’s all-electric model lead the growth, with global EV sales up 17% in January.
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