Hyundai has used the Munich motor show to announce that it will stop selling internal combustion cars in Europe in 2035, with the rest of its markets following suit in 2040.
By 2030, Hyundai aims for electric cars to account for 30 per cent of its global sales – and that number is expected to swell to 80 per cent by 2040.
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Hyundai has already started this journey, with the pure-electric Ioniq 5 hatchback (which won car Express’s current automobile of the Year award) but to meet these new targets, the company will need to launch some new EVs.
New 2024 Hyundai Ioniq 7 to complete EV trio
Conveniently, the brand confirmed the launch of the new Ioniq 6 in the same announcement, which will draw inspiration from the Prophecy EV concept and become a fresh rival for the Tesla model 3. It’s expected to make its debut next year.
Then in 2024, the Ioniq 6 will be joined by the Ioniq 7. The seven-seat SUV will be the third model under Hyundai’s pure-electric spin-off brand and, like its siblings, it’ll be based on the group’s scaleable E-GMP underpinnings.
This electrification push will be supported by a host of environmentally conscious initiatives, including investment in hydrogen fuel cell technology, greener hydrogen extraction and a drive to achieve carbon neutrality across its entire company by 2045.