While growth in the battery-electric vehicle segment has slowed sharply this year, sales are rising fast for hybrids – and automakers like Toyota, General Motors, Hyundai Motor Group and others are forecasting demand could grow at a near exponential rate for plug-in hybrids and range-extenders – driven in part by revised federal emissions standards.
New report indicates that Genesis is pivoting away from EV plans with hybrid version of GV70 SUV.
Long the benchmark among compact luxury sport sedans, the BMW 3-Series faces a growing list of serious competitors. That means the Bavarian automaker has a lot riding on the upcoming mid-cycle update. Headlight.News takes a first in-depth look at the 2025 BMW 3-Series.
A third model joins the Genesis all-electric vehicle lineup
2025 Genesis GV80 is looking to firmly establish itself in the luxury SUV segment with its updated interior, tweaked exterior, and a pricing ladder that allows it to maintain its place as a value-focused contender for family buyers.
The expanding popularity of electrified vehicles, particularly hybrids, continues to help boost sales of new vehicles amid growing signs consumers are switching to smaller, more affordable vehicles in the face of rising prices and the highest interest rates in nearly a quarter of a century.
2024 Genesis G80 Electrified uses familiar package to help customers make the transition to all-electric commuting.
After growing nearly 800% between 2019 and early 2023, the growth in EV sales has begun to slow in recent months. But despite some reports, U.S. demand is expected to still grow from 1.2 million to 1.5 million in 2024. While some automakers, such as Ford, Volkswagen and General Motors are pulling back on their commitments to electrify, at least one major executive, Hyundai’s Jose Munoz, says he is “doubling down” on EVs. Find out why at Headlight.News.
Genesis intends to put more emotion into its brand, as it set out to prove during a Monday evening news event ahead of the New York International Auto Show. The Korean luxury brand confirmed plans to launch an all-new line-up of performance models starting with the GV60 Magma, a version of its compact all-electric SUV. Separately, Genesis also unveiled the Neolun Concept, an all but ready-for-production SUV flagship.
With a boost from sales of hybrids leading the way, Asian automakers posted steady increases in sales during February as Honda, Toyota, Kia and Subaru all reported gains during what is often a difficult month for selling cars. Get details at Headlight.News.
After revising its supply chain, Cadillac once again can offer $7,500 in federal tax credits to buyers of the Lyriq EV. The automaker briefly lost those incentives after the U.S. Treasury updated guidelines under the Inflation Reduction Act on January 1. The news means Caddy gets a critical advantage over a number of competing luxury EVs that have also lost their tax credits this year.
Korean luxury brand Genesis is reportedly rethinking its plans to evolve into an all-electric brand. The company is instead looking at other electrification options, with plans to launch its first hybrid model as early as next year. But what form it will take reportedly has not yet been determined.