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Karma automotive Launches GS-6 series of electric vehicles in New Luxury sector

Electric vehicles’ popularity has been rising thanks to the high demand in the industry; hence Karma Automotive has set up a new evolution of luxurious electric cars with the development of the GS-6 Series. This carmaker is California-based and is famous for designing and developing luxurious electric cars. In the recent announcement, the company highlighted details about the GS-6 series. The first model to come to the market is the GS-6. This model will hold a unique and elegant exotic design that is similar to the award-winning Revero GT.

Karma Automotive claims that the car will be available at a pocket-friendly price and is the best option for drivers who hope to achieve the environmental benefits of electric vehicles. Besides, there will be no need to sacrifice design or performance. The CEO of Karma, Ph.D. holder Dr. Lance Zhou spoke about the launch and what people should expect in the new series. He talked about Karma’s primary goal, which is to deliver high-end luxurious cars. Other than that, it involves innovative technologies and also a source of inspiration to drivers with unique and fresh offerings.

He spoke about Karma’s idea of changing the world of mobility to make luxurious electric vehicles more accessible. This product combines a great design, inspiring driving offers, and great technology, and the retail price starts at $83,900. The GS6 will become one of the most competitive vehicles in the new luxury sedan segment. It is currently available in three variants, including standard, luxury, and sport. Also, the company aims to invest in a pure battery electric vehicle. This brand is Karma’s first pure battery-electric vehicle which will be available at $79,000.

All the models in the GS-6 have one thing in common. The vehicles feature unique craftsmanship, and the design of Karma Automotive is popular, but they still include a high-tech customization that makes every brand deliver a personal touch. The GS-6 Series includes convenience and safety features, including ADAS, Advanced Driver Assistance System, Adaptive Cruise Control , hands-off warning, steering wheel response, and the Lane keep support. It includes comfortable features, including power side-view mirrors, airbags, Bluetooth, cameras, control audio, and other things.

This new series will include Karma’s exclusive 8-year warranty and class-leading powertrain. The assembling took place in Karma’s innovation Customization Center in California and includes world-class engineering, customization, design, and manufacturing services. Other than that, it includes electrification platforms. The team includes a 400 kW 2-motor system that combines drivability, efficiency, and outstanding performance. Generally, the GS-6 has a setup that blends 550 lb-ft torque and 536 horsepower.

Other than fantastic technology, this car includes a unique and elegant design. Not to mention, it incorporates all security measures. Invest in one of these fantastic cars for an elegant look and exemplary performance.

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China is preparing to cut electric vehicle incentives this year

 

China is planning to minimize the subsidies on new electric vehicles by 20% this year. The Ministry of Finance of China revealed this strategy to prepare electric vehicle developers and consumers for such measures. To be specific, the subsidies imposed on new vehicles in the transportation industry like new buses, passenger vehicles, taxis, delivery vehicles, trucks, crossovers, public utility vehicles, and government-owned cars will reduce by 10% to spearhead the transition to electric vehicles. Moreover, the Ministry explained that the car developers would have to adhere to the existing technical prospects like battery energy density, mileage range, and energy uptake through this year. For example, the lowest standard battery-electric vehicle will be expected to have a mileage range of 300 kilometers to enjoy the $2500 to $3000 subsidy. On the other hand, a plug-in hybrid electric vehicle with a mileage range of 50 kilometers will receive a $1250 subsidy. 

Moreover, the government will harden its stance on the adherence to safety measures for the new energy vehicles. For instance, the subsidies will be lifted or rendered null and void if the manufacturer is found culpable in leading to accidents due to insufficient safety measures or not adjusting their product after finding them to be problematic. Additionally, the government stated that stringent standards would be implemented to suppress investment and unauthenticated development of new energy vehicles to minimize the pressure on the existing roads and other resources. Other strategies include overseeing the quantity manufactured, establishing entry regulations for vehicle models and car manufacturers entering the market. Furthermore, the manufacturers who are expanding their operations, merging with other companies, and restructuring their operations will inform the appropriate agencies to facilitate city planning. 

China has witnessed the production and purchase of new energy vehicles plummeting over the last two years after Beijing sequestering the subsidies and a sluggish economic growth rate. The coronavirus pandemic, which began last year, also impeded the growth of the NEV sector. The government revealed that it would extend the subsidies on the new energy vehicles for the next two years to accelerate the recovery of the NEV adoption process after the pandemic weighing in on this sector. Initially, the subsidy reduction plan was to kick off last year but is switching to this year and will be reducing by the addition of 10% to the existing rate through time. Last year, the government intervened to accelerate the uptake of the vehicles. These efforts are visible in the 3.9% rise in sales of these NEVs per the report submitted by China’s automotive manufacturer’s association.