Kia Will Boost Hybrid Development to Offset Shaky EV Demand

Another day, another story of an automaker realizing that going all-in on EVs will take longer than expected. Ford and General Motors have both backtracked, saying they would produce more hybrids and plug-in hybrids to fill the gap left by wavering EV demand and now it’s Kia’s turn. The company recently announced that it would boost hybrid development to provide “maximum flexibility” to bolster what could be shifty EV demand in the short term.

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  • Kwik_Shift_Pro4X What is the term for a car that is not a collector, but just cool enough to own? As in it being interesting and special. Just priced right, but not worthy enough to over value it. Just to have fun with it. This would be similar to owning a Saab 900, a Subaru Brat or Pontiac Fiero. Just something different.
  • Lorenzo It's simple: automakers stopped building enough vehicles that buyers want, while running behind schedule producing vehicles that buyers DON'T want.
  • Lorenzo Well, I guess it would be a good trade-in for a same year Buick Park Avenue with that sweet 3800 V6.
  • Lorenzo People don't want used EVs for the same reason my aunt Harriet never let guys handle food in her kitchen: "You don't know where they've been,"
  • Elvinas Used EV's price is dropping faster because new EV's are way too expensive. They are oveprised by at least 30-50 percent and sometimes even 70-100%. Adding questionable battery lifetime in used EV's results it high price drop.