South Korean automaker Kia has announced a significant adjustment to its long-term electric vehicle (EV) sales targets, cutting its ambitions by 20%. The move comes as the global automotive industry grapples with ongoing supply chain disruptions, rising production costs, and a shifting market landscape. Kia had initially set its sights on selling 1.4 million EVs annually by 2027, but the revised target now stands at 1.12 million units. As the EV market continues to evolve, Kia's decision highlights the challenges and uncertainties faced by manufacturers in this rapidly changing sector.
Kia Cuts Long-Term EV Sales Target by 20% National Today
