AD #3882 - Hyundai Taking Tesla-Like Approach; Brand Loyalty Highest in 4 Years; JD Power Lowers EV Sales Forecast
About this episode
Global EV markets face challenges with falling sales and stock dips, especially in China and Europe, where incentives have dried up. In the U.S., JD Power lowered EV sales forecasts for 2024 amid automakers cutting launch volumes and offering steep discounts. Hyundai revealed plans to boost sales with hybrids and range-extended EVs, plus new battery and autonomy tech. Brand loyalty is rising in the U.S., with Tesla leading, making it tougher for automakers to attract new customers. A viral story highlights a Kia salesperson thwarting a car theft scam, showcasing real-world dealer challenges.
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