[RahulNagaraj]

Hyundai has announced its global electrification plans at the ongoing 2021 IAA Mobility Show in Munich, Germany. The South Korean carmaker announced its plans to phase out the sales of all IC-engine powered vehicles across all major markets by 2040.

Hyundai will start with Europe, aiming to phase out sales of all IC-engine powered vehicles in the continent by 2035. The company, over the next 5 years (by 2040) will expand its zero-emission vehicles (ZEVs) line-up to other major markets around the world as well.



The Korean carmaker also stated that they are aiming to achieve 100 per cent carbon neutrality by 2045. To reach this milestone, Hyundai has set up short term goals, which include having 30% of its global sales coming from zero-emission vehicles by 2030, which will increase to 80% by 2040.

Hyundai will offer both battery-powered electric vehicles and hydrogen fuel cell vehicles. At present, Hyundai has the Ioniq 5 in its BEV range and is currently working on other models that will be part of the 'Ioniq' sub-brand for BEVs.

In terms of its FCEV line-up, Hyundai currently sells the Nexo SUV. Although, the company has announced two new hydrogen-powered models for the future - an MPV in 2023 and a large SUV sometime around 2025.

Link to Team-BHP news

[armaan_singh]

So by the time my kids will be of legal driving age, it’s likely that EVs will be the only thing available.

Some 18 years from now, my nostalgia will be peeking for Petrol/Diesel cars, might even get to use the famous dialogue “Jab main tumhaari Umar ka tha “

[sri_tesla]

Hyundai will start with Europe, aiming to phase out sales of all IC-engine powered vehicles in the continent by 2035.

So, they expect to sell ICE vehicles till 2035 in Europe? Forget about 2035. ICEs will be a niche in Europe by 2025 itself.

August 2021 full-electric market share numbers in some of the major European markets:

Germany = 14.9%
France = 11.3%
UK = 10.9%
Norway = 71.9%
Sweden = 24.1%
Netherlands (July) = 16%

With more and more models being available, growing charging networks, EV sales will continue to grow at a rapid pace and will overtake ICE sales in the next 3-4 years in most of the European countries. EV sales will overtake ICE sales in China and the US as well in 5-6 years if not earlier.