CleanTechnica•3 months ago
Hyundai & Kia Prove Me Right? Fall to China in Western Europe
- •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.
emissions