Korean luxury brand rolling out hybrids as electric car demand cools – report

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Genesis is the latest manufacturer revising its electrification strategy as demand for electric vehicles (EVs) cools.

The Korean Car Blog reports the brand is walking back its previous plans to transition from a purely combustion-powered lineup to a purely electric one by 2030.

The switch would see Genesis turn its attention to hybrid vehicles to cater for the change in demand, with The Korea Economic Daily reporting the first such vehicle will launch in 2025.

While parent…

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