Let's Talk EV News!

EVs are growing in market share. Let's discuss a few in this post!

Let’s talk about some EV news!

First up, Hyundai Motor Group has 23 new BEVs planned for release in the next several years. All of these vehicles will ride on the company’s Electric Global Modular Platform (E-GMP) and be sold under the Hyundai, Kia and Genesis brands. This platform is rear-wheel drive (RWD) based and HMG plans to sell 1 million EVs by 2025. Both SUVs and sedans will be built on this platform and the first vehicle ride on the E-GMP will be part of the new Hyundai Ioniq family of EVs.

Second, Tesla has paused production of the Model X and S. This pause will last from December 24th to January 11th. Interest in the Model 3 and Y is likely higher due to the lower cost of those cars (relatively speaking). Keep in mind also that the government EV subsidies have expired for Tesla, so any help you’d get bringing down the cost of a $100,000+ Tesla is virtually evaporated. That’s why the Model 3 and Y are more attractive.

In other EV news, the Mercedes-Benz EQS is an upcoming EV sedan that will compete with the Porsche Taycan and Tesla Model S. Jaguar is also planning an all-electric version of the XJ sedan. A part of me was wondering, “why does every new EV have to be a crossover?” I feel that Lincoln and Cadillac should consider throwing their hat into the EV luxury sedan game rather than giving up entirely on sedans. That’d be cool!

Would you ever buy an EV?

Update 2/16/21: Jaguar has cancelled the upcoming XJ EV sedan. And after being delayed for some time, Mercedes-Benz has decided to delay the EQC EV SUV indefinitely for the U.S. market due to changes in the market. The market for electric vehicles is still developing and quite frail in terms of charging infrastructure, so I think when this changes some more and we have more mass access to charging stations, we'll see the EQC here. Its a sharp SUV, but sales of EV SUVs in the U.S. have been quite insignificant minus the Tesla Model X and Y.

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