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They say carmakers haven’t done enough to mitigate lack of standard engine immobilizers in 2011 to 2022 models.
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They say recently announced upgrades aren’t enough to stem ‘alarming' increase in stolen models without antitheft tech.
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Tax credit change that requires EVs be assembled in North America cited for the surge.
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Improved inventory levels and higher retailing cited for the sales boost.
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Loosening inventories balance economic pressures, including rising interest rates.
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Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.
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The field of finalists for the 2023 North American Car, Truck and Utility Vehicle of the Year Awards includes six battery-electric vehicles.
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South Korea wants a three-year grace period on the U.S. Inflation Act to enable Korean automakers to keep receiving U.S. electric vehicle (EV) incentives.
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Honda points to continued supply issues as overall industry inventory improves.
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Hyundai Motor Co. will focus on luxury models, SUVs and electric vehicles (EVs) to achieve record-high earnings in 2022.
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