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InsideEVs

Technology

Mark Kane

Hyundai Announces Accelerated Electrification Strategy

Hyundai Hyundai Motor Company Genesis United States Hyundai Motor

Hyundai Motor Company announced at the ‘2022 CEO Investor Day’ virtual forum a new strategic roadmap to accelerate its electrification ambition by 2030, which far exceeds the previous plan for 2021-2025.

The South Korean manufacturer would like to gradually expand battery-electric vehicle (BEV) sales to more than 1.87 million annually by 2030 and achieve a 7% share of the global BEV market (36% of the Hyundai/Genesis volume). For reference, the previously announced target was 560,000 BEVs by 2025.

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