Hyundai plans to go all-electric in Europe by 2035, but it has no plans to abandon gasoline and diesel engines anytime soon.
Hyundai Motor Group’s R&D centre in South Korea was rumoured to have recently stopped developing petrol and diesel engines. The automaker, on the other hand, has denied the allegations.
Following recent media speculation, Hyundai Motor Group can confirm that it is not halting engine development,” said Michael Stewart, senior group manager, Hyundai Motor America, in a statement to Motor1.com. “The Group is committed to offering a diverse range of powertrains to customers around the world, including a mix of highly efficient engines and zero-emission electric motors.
- Hyundai will go fully electric in Europe by 2035
- Has numerous combustion engine model launches planned for India
- Also wants to popularise hydrogen fuel cell EVs in global markets
The development of combustion engines is still important.
The Hyundai Motor Group recently closed its engine development centre and reassigned R&D teams to focus on EV development, including research on advanced battery technologies, according to Korean media reports.
The reports follow a series of major announcements from the company in recent months about its electrification strategy. Hyundai announced last year that it will go fully electric in Europe starting in 2035, with ICE cars being phased out of all major global markets by 2040. In addition, the automaker has big plans for hydrogen fuel cell electric vehicles (FCEVs).
By 2030, Hyundai expects battery electric and FCEV models to account for 30% of its global sales, with that figure rising to 80% by 2040. By 2045, the automaker wants to be carbon-neutral globally.
Even by Hyundai’s own timeline, combustion engines are set to remain relevant for quite some time, despite the inevitable shift to electrification. As a result, continued development of gasoline, diesel, and hybrid vehicles is essential.
For example, before combustion engines are phased out in Europe and the United Kingdom in the mid-2030s, Euro 7 emission regulations (for ICE) are expected to be implemented in the region around 2025, necessitating extensive work on petrol and diesel mills. Other countries, such as India, are expected to make a more gradual transition toward electrification.
Hyundai’s India strategy
Combustion engines are expected to remain important to Hyundai in India for the foreseeable future. For its ICE line, the company has a number of updates planned. In the coming months, it will debut the newly spotted Venue facelift as well as the updated Creta. Then there’s the new Tucson and Elantra, both of which are in the works.
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Hyundai, on the other hand, has plans to expand its presence in India’s nascent electric vehicle market. It plans to launch six electric vehicles in India by 2028, with an investment of Rs 4,000 crore.