Kia says global demand for EVs could mean Australia misses out

AutoExec Summary

Kia’s plans to introduce electric vehicles (EVs) in Australia are uncertain due to strong global demand and limited supply. Chief operating officer Damien Meredith highlighted that the brand may consider hybrid options as a temporary solution. While EV sales surged in the US and Europe, Australia remains slow, with government support lacking. Meredith believes that without policy changes, EV sales will remain under 5% of the market for up to a decade. Kia aims to launch an EV next year, depending on supply.

Brands mentioned: Toyota, Kia