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Hyundai is recalling tens of thousands of electric cars across the globe to replace batteries following more than a dozen reports of fires breaking out in vehicles in what is believed to be one of the most expensive auto recalls in history.
Approximately 76,000 Kona EVs manufactured between 2018 and 2020 and thousands of Ioniq EVs and electric buses built between November 2017 and March 2020 are subject to the recall due to reported fires related to the vehicles’ electric battery packs.
In total, approximately 82,000 vehicles are being recalled, which is expected to cost Hyundai approximately $900 million. It marks the second recall of the Kona EV, but is the first global recall.
3 Ways the New 2022 Chevy Bolt EUV Is a Fail and 2 Ways It Succeeds
The more we learn about the new Chevy Bolt EUV, the more mixed feelings we have about it. We break down what we feel are the new 2022 Chevy Bolt EUV s strengths and its weaknesses.
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General Motor’s all-electric future takes another step forward this coming year when the existing “give-away” Bolt design is replaced with two new models for the US market. We say “give-away” because that is basically what GM is doing to move these unwanted EVs off dealer lots. Discounting from GM and its dealer network is now approaching $20,000 and with no state or federal incentives, new Chevy Bolts now cost buyers between $20K and $26K.
by Steven Mufson (Washington Post) … (T)he question is not, ‘Can we sell to the wealthy?’ It is, ‘Can we get the everyday household in mainstream America to buy an EV?’ and we’re still a long way away from that.”
Meanwhile, he (David R. Keith, a Chevy Bolt owner and assistant professor at the Sloan School of Management at the Massachusetts Institute of Technology) added, the cars on the road today will be on the road for the next 15 to 20 years. “There is so much inertia baked into those 250 million light-duty vehicles,” he said.
The biggest companies, like GM, have not gotten off to a strong start.