South Korean automotive giant Kia Corp is once again capturing the attention of industry experts with its ambitious yet recalibrated sales targets for electric and hybrid vehicles. The company recently announced plans to lower its electric vehicle (EV) sales goal from 1.6 million to 1.26 million units by 2030, while setting a target of 993,000 hybrid vehicles. This strategic pivot has been largely driven by growing uncertainties surrounding U.S. automotive policies. In a rapidly shifting global landscape influenced by fluctuating trade dynamics and evolving regulatory frameworks, Kia’s revised objectives provide a compelling insight into how traditional automakers are adapting to modern challenges.
Japanese automaker Honda Motor has announced a significant decision regarding the procurement of batteries for its hybrid vehicles. According to a report by Nikkei, starting from the 2025 fiscal year, Honda plans to source batteries manufactured at Toyota Motor's facility in the United States. This decision aims to minimize risks associated with tariffs imposed under the Trump administration.