In a significant move to propel the electric vehicle (EV) market forward, Hyundai has unveiled a groundbreaking trade-in program in South Korea. This initiative aims not only to boost EV sales but also to address the declining trend that Hyundai faced in 2023, where domestic EV sales dropped by 30.4%.
1. The Genesis of the Trade-In Program with Hyundai
The program’s genesis lies in Hyundai’s strategic response to the decline in domestic EV sales. Understanding the need for a paradigm shift, company initiated a comprehensive trade-in program to invigorate the EV market.
company offers an enticing array of EVs, including the IONIQ 5, IONIQ 6, and Kona Electric. These cutting-edge models form the focal point of the trade-in program, providing customers with an eco-friendly alternative while enjoying substantial benefits.
3. Compensation Structure
Customers partaking in the trade-in program can expect significant advantages. Hyundai offers up to 2% compensation on the sale price, coupled with a generous 500,000 won discount for those trading in their company or Genesis EVs. Meanwhile, trading in other car models yields up to 4% compensation on the sale price, accompanied by a 300,000 won discount.
Responding to Market Needs
4. Market Dynamics: A Necessity for Change
The decision to launch this program stems from an insightful analysis of market dynamics. Hyundai recognizes the urgency to adapt to changing consumer preferences, fostering a transition towards sustainable and forward-thinking transportation solutions.
5. Addressing the Ageing EVs
To further solidify its commitment to sustainability, company is set to introduce a program focusing on certified pre-owned EVs. This initiative involves buying back Hyundai/Genesis EVs aged 2-8 years old, boasting less than 120,000 km.
6. Rigorous Standards for Resale
company’s dedication to quality is evident in its decision to resell only those EVs aged 2-3 years old, with less than 60,000 km. This stringent selection process ensures that only the highest-performing EVs re-enter the market.
Acknowledging the critical role of batteries in EVs, company meticulously checks battery performance to guarantee an extended driving range. This ensures that every certified pre-owned EV maintains the high standards expected from Hyundai.
companys overarching goal is clear: stimulate the EV market. By offering attractive trade-in deals and establishing a certified pre-owned EV program, company aims to transform the landscape, making sustainable transportation a viable and appealing choice for consumers.
Conclusion
company trade-in program marks a pivotal moment in the evolution of South Korea’s electric vehicle market. With a strategic approach and an unwavering commitment to quality and sustainability, Hyundai is poised to drive change and reinvigorate the EV landscape.
FAQs :
- How do I qualify for Hyundai’s EV trade-in program?
- To qualify, you need to be a customer in South Korea willing to trade in your used car for a new Hyundai EV, such as the IONIQ 5, IONIQ 6, or Kona Electric.
- What benefits do I get from trading in my Hyundai or Genesis EV?
- Customers trading in Hyundai or Genesis EVs can enjoy up to 2% compensation on the sale price along with an additional 500,000 won discount.
- Are there specific criteria for the certified pre-owned EV program?
- Yes, company buys back EVs aged 2-8 years old with less than 120,000 km. However, they only resell EVs aged 2-3 years old with less than 60,000 km.
- How does Hyundai ensure the battery performance of certified pre-owned EVs?
- company conducts rigorous checks on the battery performance of certified pre-owned EVs to ensure a long driving range and maintain high-quality standards.
- What is Hyundai’s overall aim with these programs?
- company aims to stimulate the EV market by offering attractive trade-in deals and establishing a certified pre-owned EV program, contributing to the broader adoption of sustainable transportation solutions in South Korea.
[…] 2024 Hyundai Tucson is a refined and feature-rich compact SUV that caters to a wide range of drivers. With its […]