AD #4149 - OEMs Step Up to Replace EV Incentives; U.S. Market Share Winners and Losers; BYD's Sales Drop
About this episode
Electric vehicle sales in the U.S. reached a record 12.2% market share, with GM posting strong numbers despite the end of federal subsidies. Automakers like Hyundai and Nissan are offering incentives and cutting prices to maintain competitiveness. Stellantis is scaling back EV plans and considering selling its ride-sharing business. BYD, a Chinese EV leader, saw its first sales drop in 18 months amid tariff challenges, prompting talks of local manufacturing partnerships in South America. The U.S. market share battle heats up with GM, Hyundai, and Toyota gaining, while Tesla and Mercedes face declines. GM is also contributing to NASA's new lunar rover project.
Hyundai Kona
"...n. And speaking of Hyundai evs, it's slashing the Kona EV lineup. The model is going from four trim line..."
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