Wednesday, June 29, 2022
News Hyundai To Cut Up To 50% Of Its ICE In Favour Of...

Hyundai To Cut Up To 50% Of Its ICE In Favour Of EVs

It is unclear which models and engines will be dropped and when, but Hyundai is committed to EVs


  • Hyundai’s goal is all EVs by 2040.

  • This plan was approved back in March.


The tide has turned and those who do not adopt and embrace electrification will be left behind before too long. Hyundai will join the increasingly large group of automakers that are and will be focusing their resources on electrifying their lineup in the future.

Hyundai’s plan will begin by initially cutting up to 50% of its internal combustion engines in order to free up resources to invest in EV technologies.

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“It is an important business move, which first and foremost allows the release of R&D resources to focus on the rest: electric motors, batteries, fuel cells,” the source told Reuters, without giving a timeframe for the plan.

According to a source, Hyundai has in fact stopped developing petrol and diesel powertrains already. One of the reasons behind this decision, which is the same for most other automakers, is the tightening of CO2 emission targets in Europe.

The Hyundai Auto Group (Hyundai, Kia, Genesis) intends to sell 1 million EVs per year by 2025 and attain a 10% global market share in EVs. The goal is to go full-electric by 2040.

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Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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