Kia’s electric cars will be at loss until 2021

Kia electric cars

Electric cars will become an increasingly important part in the production line of the Korean brand Kia, and within the next 2-3 years, the company is set to stop losing on their sale in Europe. This should happen by the end of 2021. At the moment the Koreans’ electric cars range includes two models: Soul EV and e-Niro.

Kia’s plans are for 30,000 sales of electric vehicles per year by 2020 or 2021. The company’s information on this issue is limited and there is still no clarification as to whether these 30,000 electric cars are for Europe or globally. Because if we are talking about global sales of electric cars, the Korean forecasts are rather conservative.

The British edition describes the price of the new e-Niro as “competitive” – ​​30,000 GBP for the UK market.

Britain is the third-largest European market with over 150,000 cars sold per month, and analysts believe the UK’s electric vehicle boom is yet to come. The country is attractive, as the distances are not big, and the construction of the infrastructure is fast, but so far the high prices of electric vehicles hinder the growth of their sales.

About Viliyana

Extensive knowledge of writing and managing business journals. Likes luxury cars.

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