Genesis Developing RWD Hybrid Powertrain

[Backslack]

Like it or not, HMG will continue doubling down on EV's. Just announced, two engine parts plants permanently shut down.

Hyundai doubles down on shift to EVs with plans to shut down two engine parts plants

Hyundai is accelerating its shift to EVs as demand continues building. The South Korean automaker announced it will halt operations...

electrek.co

 

[Sal Collaziano]

Like it or not, HMG will continue doubling down on EV's. Just announced, two engine parts plans permanently shut down.

Hyundai doubles down on shift to EVs with plans to shut down two engine parts plants

Hyundai is accelerating its shift to EVs as demand continues building. The South Korean automaker announced it will halt operations...

electrek.co

Oh well. At least there will be cool used ICE cars to buy for the foreseeable future and probably the rest of my life.

 

[GeeVee7T]

My next car is likely to be a hybrid. Pure ev is not yet ready for my needs.

To be honest, I feel like THIS has been the single largest auto industry swing-and-a-miss since the successful invention of the internal combustion engine. Tesla notwithstanding, EV's have been more *politically* driven than *market* driven IMHO. Had industry innovated *HYBRID* solutions instead of full-EV ones, we could have avoided 90% of all EV ownership detractors while buying us 30 years to get our EV infrastructure up to speed.

For example, I'd have bought a competent hybrid GV "today" instead of the ICE one I bought, which will now be on the road for about 15 years.

Oh well. Nobody listens to me anyway...

 

[PMCErnie]

Like it or not, HMG will continue doubling down on EV's. Just announced, two engine parts plants permanently shut down.

Hyundai doubles down on shift to EVs with plans to shut down two engine parts plants

Hyundai is accelerating its shift to EVs as demand continues building. The South Korean automaker announced it will halt operations...

electrek.co

Like it, or not? Look it's very simple that if the consumer doesn’t like it, those EV cars will sit on the lot.

 

[nwhit]

Hilarious

 

[Sal Collaziano]

To be honest, I feel like THIS has been the single largest auto industry swing-and-a-miss since the successful invention of the internal combustion engine. Tesla notwithstanding, EV's have been more *politically* driven than *market* driven IMHO. Had industry innovated *HYBRID* solutions instead of full-EV ones, we could have avoided 90% of all EV ownership detractors while buying us 30 years to get our EV infrastructure up to speed.

For example, I'd have bought a competent hybrid GV "today" instead of the ICE one I bought, which will now be on the road for about 15 years.

Oh well. Nobody listens to me anyway...

I agree with you. The industry has brought us full-size (though on the smaller end of full-size) luxury sedans that get 50 miles per gallon via hybrid setups... If we would have continued research and development, I imagine we could have seen 100 miles per gallon in the not too distant future, as technology progressed. I really have no idea why hybrid research has pretty much stopped.

It wasn't long ago that full size luxury cars were getting 20 miles per gallon, average. 50 miles per gallon is very good. And 100? What would be the problem with that? A full size luxury car going nearly 2000 miles on a full tank of gas and never having to be concerned with range anxiety or having to stop for more than a couple of minutes at a gas station - every 2000 miles...

A friend of mine has an acquaintance who was locked out of his car because the battery died. I'm fine with the idea of full electric cars. I'm just not ready to make the switch.

 

[GeeVee7T]

I agree with you. The industry has brought us full-size (though on the smaller end of full-size) luxury sedans that get 50 miles per gallon via hybrid setups... If we would have continued research and development, I imagine we could have seen 100 miles per gallon in the not too distant future, as technology progressed. I really have no idea why hybrid research has pretty much stopped.

It wasn't long ago that full size luxury cars were getting 20 miles per gallon, average. 50 miles per gallon is very good. And 100? What would be the problem with that? A full size luxury car going nearly 2000 miles on a full tank of gas and never having to be concerned with range anxiety or having to stop for more than a couple of minutes at a gas station - every 2000 miles...

A friend of mine has an acquaintance who was locked out of his car because the battery died. I'm fine with the idea of full electric cars. I'm just not ready to make the switch.

^this. Exactly.

 

[Sal Collaziano]

^this. Exactly.

Thanks. I don't mind opposing views, however. Of course, I think I'm right. But that doesn't mean I'm right.

Coincidentally, another friend of mine mentioned the following to me:

We had a major nor-easter come through South Carolina last Sunday. Came up the coast through Charleston. 7 inches of rain, major flooding , major damage to trees , fences, some homes etc. Carnival cruise line had a 3 day cruise to the Bahamas over that weekend. Passengers got back and those that left their cars in the port authority parking lot had been flooded and alot of the cars wound up totaled. The only cars that could be jumped were older gas models. Electric cars and part electric cars had to be totaled. Even if everyone in the world bought an electric car , the use of fossil fuels would only go down 10% of all fossil fuels used in the world.

Now that does come from somebody who's not thrilled about the idea of electric cars... So keep that in mind. But it is what it is.

The thing that had me surprised is they mentioned hybrids as well... So when all is said and done, I guess even that technology can have similar shortcomings...

edit: Trying to verify that the hybrids couldn't be jumped but it can't be verified for certain. I do find that very odd so I'm in the fence as to whether or not that is actually an issue.

 

[PMCErnie]

More reporting on EV production cutbacks.

“Cooling demand and growing competition has led to more EV price cutting, helping narrow the price gap between EVs and gasoline-powered cars. The average U.S. price paid for a new EV in November was $52,345, about 8.5 percent higher than the average price for the total market, according to Cox Automotive. A year ago, the EV premium was more than 30 percent.”

https://www.washingtonpost.com/business/2023/12/26/ev-demand-slows/

 

[ballistic]

More reporting on EV production cutbacks.

“Cooling demand and growing competition has led to more EV price cutting, helping narrow the price gap between EVs and gasoline-powered cars. The average U.S. price paid for a new EV in November was $52,345, about 8.5 percent higher than the average price for the total market, according to Cox Automotive. A year ago, the EV premium was more than 30 percent.”

https://www.washingtonpost.com/business/2023/12/26/ev-demand-slows/

I wonder if its possible that the people who really love the idea of an electric car have made their purchase and most of the rest aren't interested enough.

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Help support this site so it can continue supporting you!

 

[PMCErnie]

I wonder if its possible that the people who really love the idea of an electric car have made their purchase and most of the rest aren't interested enough.

Yes, the issue of the early-adopters having been satiated has often been discussed.

Most of the world is happy to wait for years until the kinks get worked out, the prices go down, AND when women don’t have to stand out in inclement weather or darkness, in the middle of nowhere, to get a charge-up.

As my wife would say if I mentioned buying an EV today…”over my dead body.”

 

[Jhon]

I am open to one. But I don't drive much, so I would charge at home 99% of the time. And if I did take a long trip, I would go in my wife's car so I did not have to worry about recharging.

 

[YEH]

I haven't seen a single article about it outside of KCB's, or sites afterward referencing KCB. If anything, it's contradicted by the aforementioned Reuters article about Hyundai halting ICE production for two months to ramp up EV production.

It's not like I had imagined reading about it before I saw it on KCB.

Hyundai’s luxury label, Genesis, also stopped production of its GV60 EV at the beginning of this month. The halt is expected to last for about two months until subsidies are resumed next year.

Hyundai Halts Overtime Production of Ioniq 5 as EV Demand Wanes - Be Korea-savvy

ULSAN, Dec. 16 (Korea Bizwire) –Hyundai Motor will not run overtime shifts at its Ulsan plant for the Ioniq 5 EV this weekend. This …

koreabizwire.com

Like it or not, HMG will continue doubling down on EV's. Just announced, two engine parts plants permanently shut down.

Hyundai doubles down on shift to EVs with plans to shut down two engine parts plants

Hyundai is accelerating its shift to EVs as demand continues building. The South Korean automaker announced it will halt operations...

electrek.co

That doesn't mean H/K is abandoning ICE (in the former of HEVs) anytime soon.

Hyundai Motor Group’s two auto brands -- Hyundai Motor Company and Kia -- have set a new record by selling some 767,000 hybrid electric vehicles across the world through November this year, the South Korean auto giant said Wednesday.

According to the automakers, Hyundai Motor Company and Kia sold 254,258 HEVs in the Korean market, accounting for 21 percent of their total domestic sales during the January to November period. The two companies sold 513,000 HEVs overseas in the same timeframe. Their combined HEV sales worldwide saw an annual increase of approximately 32 percent.

Hyundai Motor Group is developing a next-generation hybrid system aimed for launch in 2025. It says the new system will be coupled with a high-performance engine and is expected to undergo groundbreaking improvements in fuel efficiency.

As the global shift towards pure EVs lags, the outlook for the hybrid vehicle market has come under the limelight. According to market analyst Global Fortune Business Insight, the world hybrid car market is expected to hit $272 billion this year, up 19.2 percent on year, and projected to reach $444 billion by 2030 with a compound annual growth rate of 7.3 percent.

“As we accelerate the transformation into automation from internal combustion engine vehicles, we will actively respond to the increasing need for hybrid vehicles,” said a Hyundai Motor Group official.

Hyundai, Kia hybrid sales hit record high

Hyundai Motor Group’s two auto brands -- Hyundai Motor Company and Kia -- have set a new record by selling some 767,000 hybrid electric vehicles acros

m.koreaherald.com

With the Carnival hybrid on its way and the hybrid variants of the Palisade and Telluride in development, their lineups, pretty much, will be hybridized

While I think the EV9 and Ioniq 7 will sell fairly well (once they are eligible for the IRA), the Telluride and Palisade hybrids will vastly outsell them.

 

[PaininDbutt]

For me I am a “ one and done “ kind of fellow. I want a vehicle that meets my needs without me having to have a backup. For me that means awd/4wd, ground clearance, and room for my 6’2” 300lbs frame.