Top 6 Electric Vehicles Set to Dominate 2024

Is the demand for electric vehicles slowing down?
Will new models reshape the 2024 market trends?
Here are six anticipated electric vehicles of the year

Currently, the global market for electric vehicles is experiencing a slowdown. However, according to industry experts, the inevitable transition to electric vehicles is expected to happen. These predictions fuel automakers to continue launching electric cars despite the market slowdown, with numerous new models slated to hit the market this year.

This article will discuss six anticipated electric vehicles of the year that are expected to reshape the slowing market trend. Let’s take a closer look at these models that are predicted to change the course of the market in 2024.

Hyundai Group’s electric vehicles are targeting the global market

The first anticipated model is Hyundai’s Ioniq 5 N. This vehicle boasts agile handling comparable to top sports car brands and an impressive performance with a maximum output of 641 horsepower. Despite these features, it is affordable at around 70 million Won ($59,000). Industry insiders praise the Ioniq 5 N, saying it can compete with the world’s best gasoline engine models even on the track.

The second anticipated model is Kia’s EV3. This vehicle is a budget-friendly electric model that Kia is preparing to introduce to the market, aiming to offer great value for money. The expected price is around 39 million Won ($33,000). Following the EV3, the sedan model EV4 also garners much attention. Unfortunately, the exact performance information for these two vehicles is not yet available as they are still in the launch phase.

Will Audi and BMW’s electric vehicles showcase their premium pride?

The third anticipated model is Audi’s Q6 E-Tron. This vehicle, unveiled its production model in March, uses the same PPE platform as the Porsche Macan and is expected to offer a total driving range of 600km. As such, it’s being dubbed as the ‘value-for-money Macan’. There’s a lot of interest in whether Audi, which has the lowest ratings among the German Big Three in the domestic market, can turn the tide with this vehicle.

The fourth anticipated model is BMW’s iX2. While the first-generation X2 was more of a crossover despite being a coupe-style SUV, the second-generation X2 has fully transformed into a coupe-style SUV. In addition, an iX2 model equipped with an electric powertrain is also set to be launched. This vehicle is expected to be released in the domestic market this summer, and it’s hoped that it will help BMW, which has overtaken Mercedes to become the top-selling imported car brand, maintain its dominance.

Can Volvo and Polestar, no longer underdogs, continue to release anticipated models this year?

The fifth model is Volvo’s EX90. Volvo recently announced its full electrification and discontinued the diesel XC90 model. They plan to reduce the share of internal combustion engine models and fill that gap with electric models. The EX90, which will replace the XC90, is expected to play a central role in the large electric SUV market, which currently lacks a diverse lineup.

The final model is the Polestar 4. Polestar, like Volvo, is a rapidly growing brand. Their large electric SUV, the Polestar 4, is expected to play a central role in the large electric SUV market, just like the Volvo EX90. The anticipation is even greater among domestic consumers, as the vehicle will be produced domestically despite being imported.