Hyundai Announces 2030 Lineup Electrification Strategy
- Korean automaker Hyundai has announced its global strategy for electrifying its lineup. It will launch 17 new 100% electric models by 2030 (11 under the Hyundai brand and 6 under the Genesis brand) and expects to be able to sell 560,000 100% electric vehicles in 2025 then 1,870,000 100% electric vehicles in 2030, which according to him, would correspond to 7% of the world electricity market at this time.
- This means that Hyundai expects 27 million BEVs of all brands in 2030 worldwide, mainly in China, Europe, North America and South Korea. The 100% electric models launched soon will be the Ioniq 6 (2022) and Ioniq 7 (2023) as well as two Genesis brand models. The automaker hasn't specified the number of hybrid vehicles (HEV and PHEV) it expects to sell in 2030, but Inovev estimates that quantity (compared to Kia's targets) at around 1,500,000 units.
- In 2021, Hyundai produced 3.69 million vehicles worldwide and expects to sell 4.32 million in 2022, 17% more than the previous year, despite the semiconductor crisis and the consequences of the war in Ukraine, which is a very ambitious goal.
- Assuming that Hyundai is considering a 30% proportion of BEVs in its sales in 2030, as for Kia, it is a total of 5.61 million vehicles, all engines combined, that the manufacturer plans to sell worldwide in 2030, which corresponds to a growth of 30% compared to 2022. As an indication, Kia's forecast sales growth between 2022 and 2030 is 27%, a very similar figure.
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