Hyundai Motor Group has set an ambitious goal to become one of the top three electric vehicles (EV) manufacturers by 2030. The company aims to sell 3.6 million EVs and plans to offer more than 30 EV models by 2030, from its three brands: Hyundai, Kia, and Genesis. However, it is not clear which companies Hyundai is targeting in this list. The goal underscores the company’s commitment to the global shift towards sustainable transportation and reducing the carbon footprint of its vehicles. To achieve this target, Hyundai will have to put in significant effort and compete with other major players in the EV industry.
Hyundai Plans to Sell 3.6 Million EVs by 2030
Hyundai Motor Group, the parent company of Hyundai, Genesis, and Kia, has set a target to sell 3.6 million electric vehicles (EVs) by 2030 as it aims to become one of the top three EV manufacturers in the world. This goal is part of the company’s efforts to reduce carbon emissions and contribute to a sustainable future.
To achieve this target, the company plans to offer more than 30 EV models across its three brands by 2030. The company will invest $7.4 billion in the development of electric and autonomous vehicles over the next four years. Hyundai has already invested heavily in its EV technology, launching the Ioniq 5, its first dedicated EV, earlier this year. The company plans to launch several more EV models in the coming years, including a new electric SUV under the Ioniq sub-brand.
Hyundai’s goal of selling 3.6 million EVs by 2030 is ambitious but achievable. In 2022, the company sold just under 4 million vehicles, but the majority of them were powered by internal combustion engines. To reach its target, Hyundai will have to increase the proportion of EVs in its sales significantly.
The competition in the EV market is fierce, with Tesla, Volkswagen, and General Motors being some of the top players. It remains to be seen which companies Hyundai is targeting in its goal to become one of the top three EV manufacturers. However, the company’s commitment to EVs is evident, and it is expected to continue investing in the technology and expanding its EV lineup in the coming years.
Who is currently at the top?
Hyundai Motor Group has set a goal to become one of the top three electric vehicles (EV) manufacturers in the world by 2030, but which companies are included in this list is not entirely clear. Tesla is currently the world’s leading EV manufacturer, but there are other contenders, including Volkswagen, General Motors, and Chinese automakers such as SAIC Motors.
When asked about which companies it is targeting, a Hyundai spokesperson declined to comment on specific automakers but stated that the company will measure the “global top three” EV sales company goal by including both passenger cars and commercial vehicles from its three brands: Hyundai, Kia, and Genesis. The company plans to offer more than 30 EV models by 2030 and to sell 3.6 million EVs worldwide by that time.
Hyundai’s goal of becoming one of the top three EV manufacturers is ambitious, given the fierce competition in the market. However, the company’s commitment to EVs and its investment in technology and development make it a strong contender. It remains to be seen which companies Hyundai will ultimately surpass to achieve its goal.