Slowing demand forces Hyundai and Kia to lower EV prices in Korea
The Hyundai Ioniq 5 is available in South Korea for just over €30 000 thanks to a price cut and government subsidies / Hyundai
Demand for electric vehicles is decreasing in South Korea due to a slowing economy and is forcing local manufacturers Hyundai and Kia to cut the prices of their electric models. This comes after the government decided to expand its subsidy to more expensive models.
Whereas electric vehicles conti
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