LEC Team, Author at Learn Electric Cars

Why Are Interest Rates on EV Loans Higher

Top Reasons For High Interest Rates On EV Loans

While there are numerous reports regarding the promotional government policies for mass EV adoption, the financial institutions are not exactly on the same page due to some specific reasons. If you ever went to a financial institution to apply for EV loans, you would know that the interest rates are generally high. In fact, they are not just higher than the on ICE cars, but the repayment tenures are also shorter. An intriguing report published in SSRN dives deep into the specifics on how the terms and conditions of EV loans compare to the loans for regular cars. This study analysed the data of 15 million car loans in 11 European countries between January 2010 and August 2021. The findings are surprising, to say the least! You might also like: Are EVs With 1000 km Range Still A Distant Reality? High Interest Rates On EV Loans This report is co-authored by Jan Bena (University of British Columbia), Bo Bian (University of British Columbia) and Huan Tang (University of Pennsylvania) and titled “Financing the Global Shift to Electric Mobility“. The financing patterns that are present in this report are valid for Europe but the authors found the same trends in the USA as well. The crux of the findings was that, “compared to non-electric models in the same car family, EVs are financed with higher interest rates, lower loan-to-value ratios and shorter loan durations. That “financing gap” occurs because lenders price in the risks they perceive in obsolescence caused by rapid advances in EV technology.” The chief reasons for this are: You might also like: Are EVs Really More Troublesome Than Non-Plug-In Hybrid Cars? Learn Electric Cars Says The findings of this thoroughly extensive report are quite surprising. It helps us perceive different challenges to mass EV adoption than the ones we are often used to hearing. Interestingly, not much is being discussed about the financing side of adopting EVs apart from the initial prices, running costs and the battery costs. This report brings to light the challenges associated with getting a new EV financed. With more such information coming out, we hope that the governments will look into the economics of owning EVs from this perspective too.

Are EVs With 1000 km Range Still A Distant Reality?

26 Comments / Battery / By LEC Team

With quick advancements in EV technology, companies are coming up with batteries that can potentially provide a range of around 1,000 km on a single charge. With innovative and rapid development in EV battery technology, EVs with around 1000 km of range look promising and enticing. However, many naysayers argue that you don’t need EVs with such high range due to the battery weight and size concerns. Also, large batteries would require more time to charge. That will add to the already bleak charging infrastructure. But what if there are ways of just increasing the range of EVs without increasing their battery size? You might also like: Nyobolt Battery Can Charge Fully In Just 6 Minutes EVs With 1000 km Range Possible? Scientists at Pohang University of Science and Technology (POSTECH) in South Korea have developed a new technology. It involves using micro-silicon particles and a gel-based electrolyte to enhance the ability of lithium-ion batteries to retain charge for longer periods. Now we know that researchers have been working on silicon to replace graphite for the higher charge capacity of the batteries for a while now. However, the property of nano-scale silicon to expand while charging and discharging has been its typical limitation. To address that, the POSTECH scientists have come up with micro-scale silicon. This, in conjunction with an elastic gel electrolyte, will solve that problem. Inherently, silicon can hold 10 times more lithium ions than graphite. That lends a high battery capacity, in turn increasing the range significantly. Additionally, it prevents the rapid degradation of the battery. In fact, scientists noted that the micro-silicon particles allow a range of 965 km on a single charge. Soojin Park co-authored the research paper and is a professor of Chemistry at POSTECH. He said, “We used a micro-silicone anode, yet we have a stable battery. This research brings us closer to a real high-energy-density lithium-ion battery system.” However, the production process of such micro-scale silicon anodes will be much more complex and expensive. You might also like: How Is Formula E Helping Legacy Carmakers Build Better EV Technologies Learn Electric Cars Says We come across many technological breakthroughs due to so much investments and work being done in EV technology and R&D. This applies mostly to developing new EV battery technologies to ensure long range, short charging times and reducing the use of rare earth elements. We know that not all technologies will survive but we are at a stage where we need to explore all avenues before finally deciding on a handful of methods. That will take years and could be different for difference markets/regions across the globe. We understand that there won’t be a silver bullet anytime soon. Still, as automobile enthusiasts, it is exciting to stay in touch with all that’s happening in this space and be a part of the transformation which will shape and power future mobility.

7-Seat Hyundai Ioniq 7 Electric SUV To Go Into Production In July – Report

35 Comments / EV News / By LEC Team

Hyundai Ioniq 7 will be the flagship electric car in the portfolio of the Korean carmaker. The Hyundai Ioniq 7 electric SUV will go into production by July this year, as per a report by The Korean Carblog. This report also captures some fresh spy images of the large electric SUV wearing a heavy camouflage on its exterior. However, the cabin is partially visible, revealing some key details. The EV will be unveiled at the 2024 Busan Motor Show on June 27, 2024, and the production will commence at Hyundai’s Asan plant in South Korea. For the US market, the manufacturing will occur at the Bryan County factory in Georgia in 2025. You might also like: Hyundai Plans To Launch A Mini Electric SUV And Electric Van Hyundai Ioniq 7 Electric SUV – Expected Specs Now, we know that the Ioniq 7 is Hyundai’s counterpart to the Kia EV9. The latter in already on sale in multiple markets across the globe. That provides a fair indication about the kind of specifications we can expect from the Ioniq 7. It will be based on the E-GMP architecture which also underpins the wildly successful Ioniq 5 electric crossover and Ioniq 6 fastback electric sedan. Also, it will bear slightly larger dimensions than the Kia EV9. The Ioniq 7 will offer both single-motor 2WD and dual-motor AWD configurations and two battery pack options. These will likely be 76.1 kWh and 99.8 kWh. These can provide a decent range figures of 230 miles (370 km) to 304 miles (489 km), as per EPA estimates. Using a 350 kW DC fast charger, the EV can recover 10-80% SoC in about 25 minutes. In terms of output, we expect three configurations – a single-motor trim which could generate 215 hp (106 kW), a dual-motor variant good for 379 hp (283 kW) and a performance-focused dual-motor version which could belt out an impressive 576 hp (430 kW) of peak power. These numbers are what you get in the Kia EV9. Sure, we might see a marginal diversion from these numbers, but it won’t be too much. With such offerings, the Korean automaker aims to cater to all sorts of customers. You might also like: Hyundai To Launch New EV Brand In China; Plans 5 EVs In 3 Years Interior and Features When it comes to the interior of the Hyundai Ioniq 7, a few key details come to light via these spy images. The first thing that catches the eye is a colossal display which might be hiding two separate units – one for the infotainment and one for the driver’s instrument cluster. We have seen this layout with numerous modern EVs, particularly from Hyundai and Kia. But we specifically appreciate the availability of the physical buttons for HVAC and multimedia. This test mule also carries cameras instead of the orthodox door mirrors with screens relaying the camera feed on the A-pillars inside the cabin. Power controls for the driver’s seat are also visible in one image. There is a central tunnel between the front seats where a bottle of water is securely placed, indicating large space. All in all, the cabin will be spacious and ultra-modern. You might also like: Kia EV8 Could Replace The Iconic Stinger In Electric Avatar Learn Electric Cars Says Hyundai Motor Company is gearing up for exciting times with impressive electric cars. This is also true for its subsidiary brands including Kia and Genesis. Its Ioniq series has been particularly appreciated by the customers and critics alike. The Ioniq 7 will be yet another desirable addition to that series. Let us wait and watch how well the customers embrace it.

Top 5 Reasons Why EV Sales Are Rapidly Rising

28 Comments / Featured / By LEC Team

All of the biggest global markets experienced a massive surge in EVs sales in 2023 in comparison to the year prior to that. While it might seem obvious, but we shall dive deep into the 5 prominent reasons why EV sales are rising globally. There are various aspects to decipher this situation. EV technology is still in its infancy. Therefore, a natural progression is meant to be there. Also, there are hardly any other feasible mass market options available to achieve carbon neutrality and reduce dependence of coal-burning fossil fuels. Electrification is the widely accepted norm to reduce vehicular pollution and create a positive impact on the environment in the mobility domain. Now, there are innumerable challenges associated with it. Despite that, it looks like the only viable and widely applicable solution out there at the moment. Therefore, we understand both sides of the argument regarding the mass adoption of EVs. But the following points have worked in favor of electric cars. You might also like: Are EVs Really More Troublesome Than Non-Plug-In Hybrid Cars? 5 Reasons For Rising EV Sales Development Of Charging Infrastructure Charging infrastructure is the single biggest concern among potential EV buyers today. In fact, it has been the point of contention since the inception of this EV revolution. However, in recent times, carmakers, private players and governments have been working in tandem to create the entire ecosystem around charging infrastructure rapidly across the globe. That has boosted the EV sales significantly as people get more comfortable driving on long journeys knowing that a charging station will be in the vicinity at most times. Still, one must plan ahead! New Models From Carmakers In comparison to just a couple of years ago, there are substantially more EV models on sale today. Again, that is true for all major international markets. There are primarily two approaches car companies are adopting – converting the existing ICE cars into EVs without charging the architecture and other components, OR, creating new EVs from the scratch on a dedicated bespoke platform. In any case, the EV portfolios of major car marques are much more diverse today, than a couple of years ago. Hence, the potential car buyers have much more options at their disposal. That is a huge reason why EV sales are rising lately. You might also like: Nyobolt Battery Can Charge Fully In Just 6 Minutes Affordability Another critical factor hindering mass adoption of EVs is, and has been, the price. EVs are typically 1.5 times more expensive than a comparable ICE car. This is due to the high costs of the batteries, which constitute around 40% of an EV’s total cost. As per the data from Statista, EV batteries used to cost an average of $780 per kWh in 2013. This has drastically reduced to just $139 per kWh in 2023. Hence, one could evidently witness such a huge drop in battery price in a matter of a decade. We can only assume what would happen in the coming decade. A price of under $100 per kWh will be ideal for mass adoption. Tackling Range Anxiety With every new technology, there is an initial hesitation in mass adoption. That is particularly true with EVs since they are the medium of transportation. If anything goes wrong, EV owners can potentially be left stranded on the road. Hence, most people thought that extremely long range is needed in electric cars. However, as people get more used to living with EVs, their behavior and habits change. They now understand that fast charging times and availability of charging stations can be a great substitute for colossal batteries offering astronomically long range figures. New EV Battery Technologies Finally, another notable reason why EV sales are rising so sharply is the introduction of new EV battery technologies. Now, car companies and battery manufacturers are investing heavily into making the batteries better in terms of efficiency, charging times, cell chemistry (components) and energy density. All these combined, modern EVs are significantly more efficient in contrast to the EVs of, let’s say, a few years ago. With the passage of time and more R&D in this space, future EVs promise to be even more efficient. You might also like: Silicone Anode Holds Immense Potential For Next-Gen EV Batteries Learn Electric Cars Says In spite of the challenges with the mass adoption of EVs, more and more people are embracing them. With many large economies already announcing ambitious plans to reduce their carbon footprint and get rid of internal combustion engines in the coming decades, electrification of mobility looks like the only alternate path. The prices of gasoline and diesel are constantly rising too. At the same time, the EV battery prices are getting lower. This is bound to result in a wider EV adoption across the board in times to come.

EVs are more problematic than hybrid and gasoline cars

Are EVs Really More Troublesome Than Non-Plug-In Hybrid Cars?

34 Comments / Featured / By LEC Team

A 2024 Vehicle Dependability Study by J.D. Power found that EVs and plug-in hybrids encounter more problems than hybrid and gasoline cars. In an intriguing J.D. Power report, it was concluded that EVs and plug-in hybrids can be more troublesome than non-plug-in hybrid and gasoline cars. However, the reason is not the powertrains but the infrastructure surrounding them. Among various car categories, electric cars, electric SUVs and electric pickup trucks are the least-reliable categories which were a part of this survey. Here are the detailed findings of this report. You might also like: Tesla Cybertruck vs Porsche 911 Turbo S Drag Race – Guess Who Wins EVs More Troublesome Than Non-Plug-In Hybrid Cars This report takes into consideration the ownership experience of the first three years. That is a fairly substantial time period for people to know the intricacies of their vehicles. The results were quite surprising. EV owners reported 256 problems per 100 vehicles, while plug-in hybrid car owners had to face 216 problems per 100 vehicles. On the other end of the spectrum, the non-plug-in hybrid cars scored a relatively better 191 problems per 100 vehicles, whereas the gasoline cars encountered 187 problems per 100 vehicles. Interestingly, infotainment problems and annoyance with driver-assist alerts were among the most prevalent issues with EV car owners. You might also like: Nyobolt Battery Can Charge Fully In Just 6 Minutes Unique Problem With EVs While the issues pertaining to the infotainment and driver-assist functions were well-established even last year, a new problem has appeared which is bothering the EV owners the most. Due to the significantly heavier weight of the EVs, 39% owners reported replacing the tires within the last 12 months which is 19 percentage points higher than gasoline cars. That is the new finding on this report and something that the potential EV buyers should keep in mind. You might also like: Hyundai To Launch New EV Brand In China; Plans 5 EVs In 3 Years Learn Electric Cars Says Even though the sales of EVs across the globe is at an all-time high and the adoption is taking place at an unprecedented rate, we are still at a relatively nascent stage of mass adoption in the long run. As EV owners spend more time with their vehicles, many new aspects regarding the ownership experience will come to light. These could be positive, as well as negative. But it is great to know these prior to making the decision to go electric.

Tesla Has A Special Offer To Get Delivery Of Cybertruck In 45 Days

23 Comments / EV News / By LEC Team

Tesla Cybertruck created a resounding buzz in the automobile industry after the launch in December 2023. Tesla is offering a special offer which can accelerate the delivery process of the Cybertruck to just 45 days. Notably, there are a lot of Cybertruck enthusiasts who had booked it back in 2019 when it was first unveiled. However, they had to face utter disappointment for the next four years due to the delays in the launch. Now that the electric pickup truck is finally available, the delivery times are quite exorbitant. But there is a way to bypass the waiting period. You might also like: Tesla Cybertruck vs Porsche 911 Turbo S Drag Race – Guess Who Wins Tesla Cybertruck Delivery Offer As per the information relayed to the existing Tesla owners via its app, people can now redeem referral credits (30,000 credits) to fasten their Cybertruck delivery procedure. The offer was posted on the Cybertruck Owners Club forum by a certain Rodx. It read, “Be invited to configure and take delivery of your Foundation Series All-Wheel Drive or Cyberbeast within 45 days of redemption. If you miss your chance to claim, check back later— additional accelerated deliveries will be added.” Note that these credits are non-transferable. Moreover, these are just valid for the USA. Referral Credits are rewards to owners who successfully convince friends and family to buy one of the carmaker’s electric vehicles. When new buyers use a current owner’s referral code when they buy or test drive a car, both the owner and the new buyer get credits. However, not all netizens are amused by this announcement. Some of them are concerned about the already high price of the Foundation Series program which should repute a faster delivery process anyway. Others warned that the early adoption of the Cybertruck might result in people facing issues which are generally resolved later on. Some other users stated that this could lead to further delays in the deliveries of others who have reserved the futuristic-looking electric pickup truck recently. You might also like: Wheel Cover Of Tesla Cybertruck Has A Unique Problem Learn Electric Cars Says Tesla wants to ensure that it remains the biggest EV company in the world going forward. While the Cybertruck might not be a volume churner for the American EV giant like the Model Y, it would still contribute a great deal in enhancing the brand image. In fact, Tesla already claims hundreds of thousands of bookings for the Cybertruck. But it would be interesting to see how many of them actually convert to real sales. With offers like these, Tesla wants to create further excitement among the Cybertruck aficionados. In fact, it will ramp up the production as per the demand going forward. Such incentives for a quicker delivery could spur the demand further. We will witness how it affects the bookings for the electric pickup truck in times to come.

Chery Omoda E5 EV To Launch By Mid-2024, To Rival MG ZS EV

28 Comments / EV News / By LEC Team

Chinese domination across various international markets is becoming more pronounced with each passing day! Chinese automaker Chery will launch the Omoda E5 EV by the middle of this year (2024) in Australia. Note that Chery already offers the petrol variant of the Omoda 5 in the Australian market which retails for $32,990 AUD drive-away. Its electric counterpart will lock horns with the likes of the BYD Atto 3, MG ZS EV and Hyundai Kona Electric. You might also like: Tesla Cybertruck vs Porsche 911 Turbo S Drag Race – Guess Who Wins Chery Omoda E5 EV Australia Launch In Mid-2024 All details about the specifications of the Omoda E5 are not available. Still, Chery already announced that the Omoda E5 will come with a single-motor configuration. It will generate a healthy 150 kW (201 hp) and 340 Nm (251 lb-ft) of maximum power and torque. The international model boasts a 61 kWh battery pack to offer a decent range of 430 km (267 miles) on the WLTP cycle. This configuration propels the EV from 0 to 100 km/h (62 mph) in just 7.6 seconds. It is possible that the Australian variant will come equipped with this powertrain. Specs (exp.) Chery Omoda E5 EV Battery 61 kWh Range (WLTP) 430 km (267 miles) Power 150 kW (201 hp) Torque 340 Nm (251 lb-ft) Acceleration (0-100 km/h) or (0-62 mph) 7.6 seconds Expected Specs You might also like: Hyundai Plans To Launch A Mini Electric SUV And Electric Van Chery Omoda E5 EV Price While there are no official announcements from the Chinese automaker, we can make some logical guesses. For reference, we know that the petrol trim ranges between $32,990 AUD to $35,990 AUD. The electric versions of petrol cars generally command a significant premium over the ICE variants. Therefore, the prices will be considerably higher than these. Interior And Features Inside the cabin, we expect the electric version of the Omoda 5 to borrow components from the petrol avatar. This could include a 12.3-inch curved infotainment display, a panoramic sunroof, a digital instrument cluster, ambient lighting, soft-touch materials, plenty of storage spaces, premium door panels and more. All in all, it will offer the latest tech and convenience to pamper its occupants. You might also like: Nyobolt Battery Can Charge Fully In Just 6 Minutes Chery MD Australia Quotes Lucas Harris, MD of Chery Australia says, “We are excited to launch the OMODA E5 in Australia. With its combination of unique design, impressive range and advanced features, we are confident the OMODA E5 will be a popular choice for Australian consumers who are increasingly seeking sustainable vehicle options. The arrival of the OMODA E5 later this year is the next step in our local expansion strategy and underscores Chery’s commitment to providing Australian drivers with access to advanced electric vehicle technology without compromising on performance or style.” Learn Electric Cars Says The EV sales are on a sharp incline not just in Australia, but across the globe. This has particularly been the case in the last couple of years. Mass adoption of electric cars is faster than ever. More carmakers are announcing ambitious plans to go carbon-neutral in the coming years. At the moment, electrification seems like the only route to achieve it. Moreover, China is the biggest EV market in the world. Its carmakers have experienced immense success in domestic market. Now they are aiming to dominate the global landscape. This is yet another example of that strategy. Let us keep a close eye on what is to follow next.

Kia EV8 Could Replace The Iconic Stinger In Electric Avatar

30 Comments / EV News / By LEC Team

The iconic performance sedan from Kia is about to be electrified to carry on offering the thrill associated with the Stinger moniker. The upcoming Kia EV8 is most likely to be the electric version of the popular Stinger. Codenamed GT1, the electric sedan could be called EV8, in line with the nomenclature the Korean auto giant is adopting for its electric vehicles. At present, the EV6 and EV9 are on sale in various markets across the globe. Hence, EV8 will position itself for the performance enthusiasts. There are numerous details available for the EV8 on Korean Car Blog. Let us glance through this to know what to expect from the electric Stinger. You might also like: Hyundai Plans To Launch A Mini Electric SUV And Electric Van Kia EV8 Stinger Electric – Specs & Platform A few leaked documents have pretty valuable information regarding the new platform on which the EV8 will be based in addition to the kind of battery and electric motor setup it will utilize. Hyundai Motor Group (HMG) will showcase a new platform called eM. It will be the successor to the existing E-GMP available with pure EVs from HMG (including Hyundai, Kia and Genesis). In terms of powertrain options, Kia EV8 will have something to suit the need of every buyer. As per the leaked document, the Kia Stinger Electric could boast the biggest battery in any Kia car at 113.2 kWh. For reference, EV9 currently gets powers from a 99.8 kWh battery pack. Hence, we could expect the EV8 to boast a range of around 700-800 km as per WLTP (435-497 mi). This battery pack will power either a single motor (RWD) making 160 kW (218 hp), a dual-motor (AWD) generating 320 kW (435 hp) [160 kW front + 160 kW rear] or a performance-focused GT trim with a dual-motor (AWD) belting out a whopping 450 kW (612 hp) [200 kW front + 250 kW rear]. We might see the launch by the end of 2025 or beginning of 2026. Production will occur at Kia’s Hwaseong Plant 3 in South Korea. Specs Kia EV8 Battery 113.2 kWh Power (RWD) 160 kW (218 hp) Power (AWD) 320 kW (435 hp) [160 kW front + 160 kW rear] Power (AWD – GT) 450 kW (612 hp) [200 kW front + 250 kW rear] Range 700 – 800 km (435-497 mi) Platform eM Specifications You might also like: Rivian R1T Modified For Off-Road w/ 38-inch Tires, 350 mi Range Learn Electric Cars Says With legacy automakers transitioning into electrification vehemently, it is evident that we are about to experience almost every kind of vehicle with an electric heart. The industry is focusing on mass-market and efficient EVs to offer something attractive to most new car buyers. But there will always be that niche set of customers who want spirited performance from their cars. In the electric realm, products like EV8 could cater to those people. Hence, it would be interesting to see how well driving lovers embrace such EVs.

Tesla Cybertruck vs Porsche 911 Turbo S Drag Race – Guess Who Wins

32 Comments / Featured / By LEC Team

We have seen the viral video of the Tesla Cybertruck drag racing a regular Porsche 911 carrying a Porsche 911 in its cargo. Well, things are a bit more ‘comparable’ this time around! This drag race competition between a Tesla Cybertruck and Porsche 911 Turbo S is intriguing. Drag races are common among automobile content creators around the globe. In essence, these compare the real-life acceleration of vehicles in a straight line. However, we won’t recommend our readers to try them. These content creators (well, most of them) exercise safety precautions to ensure the health of their cars, as well as everyone around. Therefore, please refrain from performing such stunts on your own. For now, let us check out who comes out on top on this occasion. You might also like: Rivian R1T Modified For Off-Road w/ 38-inch Tires, 350 mi Range Tesla Cybertruck vs Porsche 911 Turbo S Drag Race This exhilarating competition has been conducted and documented by Throttle House on YouTube. The duo is on a drag strip with these special automobiles. On one hand, the Cycbertruck, in the Cyberbeast mode, is one of the quickest and the most capable electric trucks on the planet. On the other, the Porsche 911 Turbo S is a benchmark when it comes to hard-accelerating sportscars. Hence, a race between these two would excite any automobile aficionado in the world. On the count of three, both drivers press the accelerator as hard as they could. At the launch, it looked like the 911 lagged slightly as the Cybertruck zoomed past it. However, as the speeds got higher, the Porsche was getting into its own. In fact, that is when the electric pickup truck encountered massive drag due to its size despite the company claiming its aerodynamic efficiency. As a result, the German performance car was able to overtake the American EV and emerge victorious quite convincingly. At high speeds, the electric pickup truck just stands no chance. Thereafter, the duo also decided to conduct a rolling acceleration test. It followed the same trajectory as the regular drag race. The EV took the lead briefly until the drag resistance created an issue. That is when the Porsche overtook it yet again. Just like before, the 911 Turbo S emerged as the undisputed winner of this competition. In any case, credit must be given to the colossal Cybertruck for keeping up with one of the fastest vehicles in the world for such a long time. You might also like: Wheel Cover Of Tesla Cybertruck Has A Unique Problem Specs Comparison The Tesla Cybertruck in this race was in its top-of-the-line iteration with a tri-motor setup generating a mammoth 845 hp (630 kW) of peak power. The wheel torque is a whopping 10,296 lb ft (13,969 Nm). It weighs 6,843 lbs (3,104 kg). On the other hand, the Porsche 911 Turbo S has a 3.7-liter twin-turbo flat-six mill which churns out a colossal 640 hp (478 kW) and 590 lb ft (800 Nm) of peak power and torque. The sportscar weighs in at 3,616 lbs (1,640 kg). Specs Comparison Tesla Cybertruck Porsche 911 Turbo S Engine Tri-Motor AWD 3.7L twin-turbo flat-six AWD Power 845 hp (630 kW) 640 hp (478 kW) Torque 10,296 lb ft (13,969 Nm) – Wheel 590 lb ft (800 Nm) Weight 6,843 lbs (3,104 kg) 3,616 lbs (1,640 kg) Specs You might also like: MWM Spartan EV 2.0 Offers G-Wagon-Like Capabilities Based On Indian Force Gurkha Learn Electric Cars Says Now, while drag races can be a bit subjective every time, this one seemed reasonable. The fact that the front fascia of the Cybertruck is flat and large, is bound to pose a problem to the aerodynamic efficiency at high speeds. Still, to compete with a drag monster like the Porsche 911 Turbo S is no mean feat. Hence, even though the Cybertruck lost this race, it definitely won the respect of everyone watching. Finally, we would again like to caution our readers to never attempt such drag races with your own cars. Stay safe and prioritize your safety!

Hyundai Plans To Launch A Mini Electric SUV And Electric Van

31 Comments / EV News / By LEC Team

The Korean automaker is planning to expand its global electric portfolio with diversified EVs. Hyundai is planning to launch an electric mini SUV and Van in the coming months to expand its global footprint. The former is a Casper-sized electric SUV which would become the entry-level EV from Hyundai across many international markets. One of the biggest challenges with the mass adoption of electric cars is their initial prices. Hence, affordable EVs are in huge demand and will also create further demand. On the other hand, it will also launch an electric van for Iveco. It will be based on the global eLCV platform. This would cater to the commercial buyers all across the world. In fact, Hyundai will export it to many international markets. Iveco is a huge player in commercial van segment. This is an unequivocal indication that the Korean car marque wants to leave no stone unturned and offer electrification in all segments of the market and its portfolio. You might also like: Hyundai To Launch New EV Brand In China; Plans 5 EVs In 3 Years Hyundai Plans Electric Mini SUV And Van In its home market, Hyundai already sells Casper as a mini SUV. It is for those who are looking for a compact urban SUV. But it is available with an IC engine. As far as its electric counterpart is concerned, Hyundai could offer it with a length of around 3.9 m (153.5 in). That will be positioned under its current entry level EV, KONA electric. It will focus on being affordable rather than an EV with great performance and long range. Therefore, expect a humble range of around 200-300 km (125 mi to 187 mi) and LFP chemistry. On the other hand, Hyundai will develop the chassis for its upcoming electric van which will be based on the Global Electric Light Commercial Vehicle platform. This platform is capable of carrying loads upto 2.5 tons to 3.5 tons. The low-floor construction makes it ideal for loading and unloading. Iveco will customize the electric vans and distribute them via its network by September this year at the IAA Transportation. It will rival the likes of Ford E-Transit. You might also like: Hyundai Unveils ‘Active Air Skirt’ Tech To Increase EV Range And Power Learn Electric Cars Says Hyundai Motor is clearly aiming to establish its name among the pioneers of electric mobility. In fact, it also sells its Nexo Hydrogen car in the US. In addition, there are tons of hybrid models in its lineup for various markets. We don’t need to tell you about the IONIQ series. It has already gathered monumental laurels from the customers and critics alike. Going forward, Hyundai wants to offer EVs in every segment in most markets. We shall have to wait to see how that pans out.

LEC Team

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