Hyundai Promises 23 New Battery Electric Vehicles by 2030

Electric vehicles (EVs) are a primary focus for Hyundai, as detailed on Wednesday in the company’s electrification roadmap.

Hyundai plans to introduce 17 new BEV models by 2030, targeting 1.87 million annual battery-electric vehicle (BEV) deliveries by the same year, according to a press release.

If Hyundai reaches the target, the automaker’s sales will account for an estimated 7 percent of the global EV share.

CEO and President Jaehoon Chang shared the company’s roadmap for electrification on Wednesday at the 2022 CEO Investor Day forum, in which Chang also detailed the company’s Integrated Modular Architecture (IMA) it plans to debut in 2025.

During the form, Chang said, “Hyundai is successfully accelerating its transition to electrification and becoming a global leader in EVs despite a challenging business environment caused by the global chip shortage and ongoing pandemic.”

Chang continued, “Along with our seamless efforts to improve EV value, Hyundai Motor will continue to secure its business sustainability as a ‘Mobility Solutions Provider’ through advanced technologies of not only hardware but also software.”

11 of the 17 models will be developed by the Hyundai brand, while six of them will be for the Genesis brand.

In December, Hyundai updated its global EV sales forecast to 1.7 million annually by 2026, just weeks before officially shutting down the Hyundai engine development division to focus on EVs.