CleanTechnica•13 days ago
Hyundai & Kia Prove Me Right? Fall to China in Western Europe
Key Takeaway
The rapid rise of Chinese EV manufacturers in Western Europe signals an accelerating and highly competitive global EV market that will drive significant electricity demand growth and grid transformation.
AI Summary
- •The competitive landscape for Electric Vehicles (EVs) is rapidly shifting, with Chinese manufacturers gaining significant market share in Western Europe due to perceived underperformance in production and marketing by established players like Hyundai/Kia.
- •This market dynamic suggests an acceleration of global EV adoption, driven by increased competition and potentially more diverse and affordable vehicle options, impacting overall electricity demand growth.
- •For developers and large power consumers, this trend underscores the need for proactive grid planning, investment in charging infrastructure, and consideration of evolving load profiles to support a rapidly expanding EV fleet.
Topics
emissionsoempolicy
Article Content
I’ve said it for a decade — Hyundai and Kia develop great electric vehicles, but they don’t try hard enough to produce them at high volumes and market them aggressively. I’m by far from the only one saying this. Going back to the Kia Soul EV and Hyundai Ioniq (which ... [continued] The post Hyundai & Kia Prove Me Right? Fall to China in Western Europe appeared first on CleanTechnica .