How The Trade War Helped Volvo Bring Cheap Chinese-made EVs To The US

A Chinese-made electric car is set to hit U.S. dealerships this summer, promising power and efficiency on par with the Tesla Model Y, the world’s best-selling electric car, but costing about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s Geely Automobile, is set to face stiff competition… Source: www.nbcnews.com

Kia, Hyundai, Genesis To Produce All EVs For The US Market In Georgia

Kia, Hyundai and Genesis EVs will all be built at a new U.S. factory being built in Bryan County, Georgia, near the Port of Savannah. This should ultimately make Hyundai Motor Group (Hyundai, Kia and Genesis) eligible for U.S. federal tax incentives for electric vehicles produced at the new plant. Please follow us… Source: www.torquenews.com

No One Wants To Buy Used EVs, So They Are Piled Up In Graveyards Full Of Weeds.

The transition away from cars with dirty internal combustion engines is facing new hurdles. Drivers are reluctant to buy used electric cars, which is also weakening the new car market. inside $1.2 trillion On the second-hand market, prices for battery-powered cars are falling faster than before… Source: fortune.com