Hyundai confirmed a three-row EV will start rolling into U.S. showrooms later this year. The automaker isn’t saying much about the all-electric crossover but it appears likely to be based on the automaker’s Seven Concept and will likely adopt the Ioniq 7 nameplate.
Hyundai may be a brand for the masses, but ignore any model wearing the “N” badge at your own peril. And now, the performance sub-brand is working its magic on the Korean carmaker’s first dedicated EV, the Ioniq 5. But does it live up to expectations? To find out, Headlight.News headed out to California’s scenic Monterey Peninsula to push the new Hyundai Ioniq 5 N to its limits, on track and off.
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.
As EV sales growth slows, automakers are rethinking prior plans, in some cases delaying, even canceling battery-electric vehicle projects. That includes Hyundai Motor Group, the Korean automaker previously announcing one of the industry’s more aggressive EV launch programs. But, in an exclusive report Headlight.News reveals Hyundai is not only studying whether to slow the rollout of new EVs, but also whether to make major changes to the $5.54 billion EV plant in Georgia currently set to start production in October. That would allow the facility to meet production targets by assembling more than just EVs, Hyundai officials revealed.