EVWorldNews

Tag: Electric Vehicles

  • Details Of 11 Electric Vehicles From Hyundai Remain Murky

    Hyundai Ioniq 5 to hit the Indian markets soon

    Euisun Chung who is the executive vice chairman of Hyundai has recently kicked 2020 off by the announcement of an expansion in output of the electric vehicles as well as other advanced technologies. The Hyundai group which has come up with brands such as Genesis, Kia and Hyundai is going to invest over $87 billion for production of 23 EVs by the year 2025. The details of a possible 11 new electric vehicles have not been provided clearly.

    Hyundai EVs

    The announcement states that the group is going to grow as many as 23 electric battery electric vehicles as well as six plug-in hybrids in the coming five years. The first of the 11 of these new dedicated electric vehicles is expected to come out by the year 2021 though the recent statements which have been made by Hyundai have been contradicting each other.

    The announcement of a dedicated EV has dated back till 2017 at least. Reports from the previous two years have suggested that it is going to be badged as Genesis and given a target for competing with the Model 3 from Tesla.

    However in June, there had been reports that the company is starting production for a compact SUV which is all-electric to be used as a platform for Electric vehicles. This report had point at the prototype being unveiled in the middle of the year 2020 and the production in early months of 2021. 

    The release today about the event on the New Year has stated that the new system for Electric Vehicle architecture system is going to be introduced and also applied to the models which have been slated to be launched in the year 2024.

  • Electric Vehicles’ Demand Not Up To Expectations

    Debate between Battery electric vehicles and hybrid electric vehicles still going on.

    In the previous decade the mismatch in the expectations of electric vehicles and the realities of the market has never been more if the experts are to be believed.

    In the year 2010, the CEO of Nissan, Carlos Ghosn had proclaimed that by the year 2020, 10 % of the vehicles in the world are going to be electric. This was the time when the automobile giant had introduced their electric vehicle Nissan Leaf EV. The car is still on sale till the date even after the career of Ghosn is in the ruins as he is awaiting a trial in Japan on financial malfeasance charges.

    In reality, the market globally for the plug-in vehicles which includes the electric vehicles which are run on battery and the gas-electric hybrids is at about 2% as 2020 is less than two months away.

    Image Credits: Forbes

    A decade is a time which can be termed as being more than enough for the development of a market for a new kind of vehicle. This is been the case many a times whether it was the transformation from muscle cars to the sedans to even minivans. The growth in the sales of Electric Vehicles has been so weak as compared to the expectations that it is being seen as a clear indication of people not wanting these cars fundamentally.

    USA which is considered to be the most competitive market has also seen that people do not want the hybrid cars. There is demand for SUVs as well as pickups. This is a trend which is good for the carmakers as they have high profitability, the very purpose of creation of electric vehicles which is climate change is being defeated currently with people not embracing electric cars.

  • Toyota And BYD Come Together For Building EVs

    Toyota Innova Crysta Electric Vehicle gets tested for use in Indian market

    BYD is a company which has been working for a very long time now on the electric vehicles; however, most of the EVs from the Chinese company particularly in the United States are right now the zero-emission buses. This looks like it is going to change specially in China as it was announced that Toyota and BYD are going to get into a new joint venture. This venture is going to focus on the developing and researching of the battery electric vehicles.

    The companies said that the new Joint Venture will be set up in 2020 in China as each of the companies is going to contribute 50% of the investment needed. The JV is going to develop and design all-electric vehicles which are going to include related parts and platforms. The resulting vehicles are destined for China as they will be made in a way to make them more attractive for the customers in China.

    The news is following an announcement made in the month of July. The announcement stated BYD and Toyota are going to consider coming together for the all-electric sedans and also low-floor SUVs.

    BYD
    Image Credits: Wikipedia

    They had then said that the batteries which were going to be developed by the companies is going to be for the SUVs and sedan models and is also going to be used for the other vehicles.

    The companies gave more details about how they are going to staff in this new JV as they are going to transfer BYD and Toyota engineers from the related jobs in R&D in the companies to this JV as per a new statement issued by the companies.