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Running out of gas? EV market growing but slower than expected

A new report says demand for electric vehicles appears "relatively soft," while other data shows sales continue to grow.

United statesBrian moodyAmerica instituteBofa global researchEditor brian moodyCox automotiveGlobal researchChevy boltResearch nowBank of america corporationNissan motor coBofa globalBusiness financeKelley blue bookResearch now groupBofa global capital management group

Hyundai, Kia are Tesla s biggest competitor in the US

Hyundai and Kia have enjoyed high demand for their EVs

South koreaUnited statesSouth koreanHyundai motor groupAlthough teslaHyundai motor americaMotor intelligenceGeneral motorsUtomotive industry in south koreaElectric car use by countryS ampp globalHyundai motor groupGenesis motorKia ev9Hyundai motor americaBattery electric vehicles

Hyundai is offering Americans $7,500 to buy its EVs

Buyers of three Hyundai models will get $7,500 in cash bonuses until Jan. 31

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New EV Sales In America Have Nearly Quintupled Since 2020

Nearly 1.2 million new EVs hit the U.S. market in 2023

United statesElon muskElectric car use by countryElectric carKandi technologiesElectric vehicleBattery electric vehicleElectric vehicle conversionSustainable transportSustainable technologiesElon musk

2023 Was Great For Car Sales, 2024 Probably Won t Be

Also, some automakers say Trump's plan to gut the Inflation Reduction Act will hurt EV sales, and Hyundai/Kia's sales roll continues in December.

Tamil naduLe thuyQu ng bìRepublic ofUnited statesPaul jacobsonSeptember vinfastAndy kalmowitz jalopnikDonald trumpMakoto uchidaHyundai motor groupBiden administrationMorning shiftCox automotiveGeneral motorsInflation reduction act

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