Hyundai Announces a Compact, Affordable Electric Vehicle

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2022-07-26 13:05:15
Lifestyle

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Without specifying the precise launch date, Hyundai has confirmed its plans to introduce a competitively priced, entry-level compact electric vehicle (EV) in the worldwide market.

The Hyundai Kona EV, Kia Soul EV, and Kia Niro EV are all-electric versions of EVs that were previously gasoline-powered. However, both Hyundai and Kia already have compact, reasonably priced EVs in their global ranges. While Hyundai plans to introduce EVs that were specifically designed for those platforms.

The manufacturer aims to keep up with rival automakers like Ford, Tesla, General Motors, and others that are thinking about releasing mass-market EVs soon.

According to Andreas-Christoph Hofmann, the marketing director of Hyundai Motor Europe, the business is developing a battery-powered minicar that will add a new dimension to its line of electric vehicles.

Everyone in the industry is aware that 20,000 euros is the goal price for this kind of car.

Hyundai appears to be planning to compete with vehicles like the Volkswagen e-Golf, Honda e, Renault Zoey, Mini Cooper EV, and others at the stated pricing. It is important to note that 20,000 euros is equivalent to 4.5 million rupees, making Honda"s new "entry-level EV" still pricey by Pakistani standards.