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In a coordinated push through federal agencies, the Biden administration on Friday released a revised set of regulations applying to the EV tax credit that will ultimately make the credit easier to claim for a wider range of vehicles in 2025 and 2026 but no easier for Chinese companies to gain a foothold on the market.
With the Indian luxury car market on the cusp of hitting a record high, Hyundai Motor Corporation is looking to launch its premium, luxury brand Genesis in the country, most likely by late 2025. Sources say, the South Korean car major has set up a new team to craft a plan for the market launch of the Genesis brand in India. Our sister publication Autocar Professional learns the predominant focus of the Genesis brand in the country will be electric vehicles, and that too, majorly SUVs. This corroborates our report from a while back that said Hyundai was keen to bring its Genesis luxury arm to India.
The U.S. Treasury Department could issue clarifications on federal EV tax-credit eligibility rules as early as Friday, reports Transport Topics.
The headlines sounded dire: “China Will Use AI to Disrupt Elections in the US, South Korea and India, Microsoft Warns.” Another claimed, “China Is Using AI to Sow Disinformation and Stoke Discord Across Asia and the US.”
Honda on Thursday announced plans to push its EV supply chain into Canada, in a move that it said recognizes «the long-term attractiveness of the Canadian EV manufacturing ecosystem.”
Another day, another automaker deciding that hybrids are a better short-term solution than focusing solely on EVs. Ford, GM, and others made the call months ago, and now, it’s Hyundai’s turn. The South Korean automaker recently confirmed that it would boost hybrid production at its Georgia factory, which was previously destined for life building electric models.
A high-performance version of the Kia EV9 electric three-row SUV, to be badged the GT, has been confirmed for a January debut, and it will accelerate from 0 to 60 mph in 4 seconds. This is according to Kia's Investor Day presentation.
Genesis has launched a mid-cycle update for its compelling GV70 SUV that’ll launch in South Korea in May before launching in global markets.The overall exterior design of the new model remains very similar to the outgoing GV70, although some refinements have been made. For example, there is a new dual-weave mesh front grille and the Two-Line headlights use the brand’s latest MLA technology. The front end also includes a new skid plate.Read: Genesis GV70 Recalled After SUV Rolls Away Injuring One PersonOther updates made to the 2025 GV70 include new 19-inch dark hyper silver wheels.