Hyundai grew EV sales by 27% in Q3, but foreign automaker demand drop ‘seems inevitable’ in US

Hyundai delivered another strong performance in the third quarter as several popular EV models led to 27% EV sales growth. However, analysts believe with the new tax credit provisions from the Inflation Reduction Act, a drop in demand “seems inevitable” for foreign automakers like the Hyundai Group.

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Source: Charge Forward