Kia Motors has reduced its 2030 electric vehicle (EV) sales target by over 20%, lowering its goal from 1.6 million EVs to 1.26 million. The company also plans to sell 993,000 hybrid cars by 2030. This adjustment comes amid declining global demand and rising trade uncertainties, including the impact of Donald Trump's new tariffs. The tariffs have increased trade costs and created unpredictability, especially for foreign manufacturers. Kia's updated targets reflect these challenges, as the automaker faces political and regulatory obstacles while navigating its transition to electric vehicles.
Read Full Article :- Kia Reduces 2030 EV Sales Forecast by Over 20% Amid Challenges
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