Speeding off of the electric vehicles by Kia


On Monday, Kia announced that it is no longer partnering with Apple on the autonomous electric car. Ho Sung Song, Kia CEO, and the president, said that the company plans to speed up its electrification roadmap. When he was addressing automakers’ investor day event, Sung said that Kia would make 11 EV models, which will be on the road by 2026. Among the 11, seven will be manufactured on Hyundai Motor Group’s E-GMP architecture.

As of now, Kia provides two electric versions of gasoline-powered vehicles, namely the Niro EV and the Soul EV. The company wants to include four more vehicles acquired from its current lineup. The models will be a devoted EV that makes use of the E-GMP as the underpinning. Each of these EVs models is expected to have a range of 300 miles and a 20-minute partial charge. Kia said that more details concerning these EV models would be made available next month.

Kia targets to have 40% of all its sales by 2030 to be hybrids, EVs, and plug-in hybrids. The company expects to sell more than 1.6 million vehicles by 2030, and it hopes 880000 of those vehicles will be EVs. Kia also anticipates the increment of its purpose-built-vehicle (PBV) business through the expansion of its autonomous delivery vehicles. The company’s first PBV is expected to be disclosed by 2022. Kia targets to sell more than one million of the PBV by 2030 and collaborate with other companies in developing a better platform for these PBV.

The company also said that its Kia Flex subscription service would become global later in the year.  This subscription has been working only in Korea since 2019. The company wants to rename it to Kia Subscription and will be managed by the Hyundai Motors Group’s Sixt Leasing division. It will include the vehicle, maintenance, and insurance for monthly payments.

Many automakers are shifting to produce electric vehicles to help fight against climate change. As of now, EVs comprise only 2% of the US new vehicle sales. Carmakers are under intense pressure to stop producing internal combustion engines. Many states have also set timelines as to when they will start banning these conventional vehicles’ sales. For instance, California will not allow the sales of petrol or diesel guzzlers by 2035. The same is happening to European countries where they are setting strict pollution limits and inflicting bans. The new US administration led by President Joe Biden pledged to transform the 650000-vehicle federal fleet to battery power and install over 500000 charging stations.