Battery-based electric cars are likely to show an increasing trend to dominate on-road vehicles in the future, and Europe is the continent that is the fastest absorbing clean technology that reduces air pollution on these roads.
The Hyundai Group is fast and aggressive in its efforts to electrify its vehicle lineup. The South Korean manufacturer is ahead of other mainstream manufacturers to launch its EV.
It was reported by the Korea Times, that 20% of all Hyundai cars sold in Europe in the first 2 months of 2022 were pure electric cars (EV). The sales figure was 11,532 EV units from a total of 57,842 Hyundai vehicles.
The figure also shows Hyundai’s dominance in Europe in the EV segment. Because of the approximately 20+ electric cars currently being sold in Europe, only 2 Hyundai cars, namely the IONIQ 5 and IONIQ EV Sedan, plus 1 from the group brand, namely KIA EV6.
This is a positive achievement for Hyundai’s ambition to dominate the European automotive market, as conveyed by senior Hyundai group officials in 2017.
20 percent is a significant increase, because compared to 2018, Hyundai was only able to sell EVs with a 2% portion of its total sales.
Hyundai itself has set a target to be able to sell as many as 270,000 EV units by 2026 and 480,000 units or 69% of total sales in 2030 in Europe.
That’s higher than Hyundai’s target in America which is 58% and in Korea 36%. Furthermore, Hyundai targets to sell 100% of EVs in Europe by 2035.
Europe is the fastest growing automotive market for the transformation of vehicle electrification from ICE to EV.
Even in some European countries such as Norway and Sweden, the number of EVs on the streets is as much as a car with a combustion engine. In the next few years, EV will dominate the car in the blue continent.