Genesis pushes back EV-only plans

17 July 2024, 10:00 am

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Genesis is shifting its focus from electric vehicles to hybrids due to slowing global EV demand. The brand had originally planned to release only electric cars from 2025 but will now accelerate the development of hybrid models. The GV70 is expected to receive a range-extender hybrid powertrain for the US 2026 model year. Genesis has teased new V6 hybrid powertrains in concept cars, with a detuned version likely to go into production in either the Magma range or the G80 limousine.

Brands mentioned: Genesis, Hyundai

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