Summary
- Hyundai plans to add more PHEVs and EREVs to its model lineup, focusing on hybrids to reduce emissions
- The company announced its electrification plans at a recent investor presentation in Seoul, aiming to launch 21 EVs globally by 2030
- Hyundai intends to manufacture series plug-in hybrids in North America and China by the end of 2026
- The company is also developing solid-state batteries but does not expect them to be used in production cars before 2030
- The EV market is expected to pick up momentum later in this decade, with governments implementing policies to promote electric car adoption
Article
Hyundai is expanding its electrification plans by introducing more plug-in hybrids (PHEVs) and extended range electric vehicles (EREVs) to its lineup. The company aims to grow its EV lineup while also focusing on hybrids to reduce emissions. By adding more hybrids, Hyundai hopes to meet the demand for electrified vehicles, particularly in North America. The company plans to offer an extended-range plug-in hybrid that can travel up to 500 miles without needing a recharge or refuel, catering to the growing interest in hybrid technology.
Hyundai’s strategy includes building series plug-in hybrids in North America and China by the end of 2026, with sales starting the following year. These plug-in hybrids, particularly D-class SUVs, will feature an electric all-wheel-drive powertrain and a gasoline engine as a range extender. The company aims for a range of approximately 560 miles for these hybrids. Additionally, Hyundai plans to launch 21 EVs in global markets by 2030, ranging from affordable models to luxury and high-performance vehicles. The company’s goal is to sell 2 million EVs annually by 2030.
Hyundai is also developing solid-state batteries, but the technology is not expected to be used in production cars before 2030. In the meantime, the company will utilize nickel cobalt manganese (NCM) and lithium-iron-phosphate (LFP) batteries in its electric and plug-in hybrid vehicles. As battery technology continues to evolve, Hyundai remains focused on incorporating new chemistries that offer greater range at lower costs. The company acknowledges that innovation in the battery sector is ongoing and aims to adapt to emerging technologies in the future.
Despite a recent slowdown in electric car sales growth, the overall trend is still positive, with increasing EV adoption globally. The decrease in growth may be attributed to multiple factors such as changes in government incentives and misinformation spread by the oil industry. With the ongoing development of lower-priced EV models, improved range numbers, and the expansion of charging infrastructure, Hyundai anticipates a resurgence in EV sales later in the decade. As governments implement policies to promote electric vehicle adoption, the market is expected to transition towards cleaner transportation options.
In the UK, the government has reinstated plans to increase the sales percentage of pure battery cars, setting ambitious targets for carmakers to meet. Similarly, in the US, emission rules have been deferred to allow automakers time to develop future electric vehicles. While some politicians criticize EV mandates, the primary goal remains reducing carbon emissions from transportation to combat climate change. The EV revolution plays a crucial role in mitigating the environmental impact of traditional vehicles, emphasizing the need for continued innovation and adoption of electric cars.
CleanTechnica encourages readers to stay updated on the latest news in clean technology by subscribing to daily email updates or following the website on Google News. The publication covers a wide range of topics related to renewable energy, electric vehicles, and sustainability. With a focus on promoting environmentally friendly practices and technologies, CleanTechnica provides valuable insights and information for individuals interested in the transition towards a cleaner and more sustainable future.
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