Hyundai Plans to Double Up on Hybrid Offerings Daniel-Rufiange Sep 9, 2024 2:49 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message Jaehoon Chang Auto123.com Listen to this article 00:02:49 Hyundai announced yesterday that it plans to double the number of hybrid models in its offering, this as growth in electric model sales remains weaker than expected this year. The Korean auto giant plans to increase the number of hybrid models to 14 across its product family.
Importantly, the company is maintaining its target of selling two million electric models annually by 2030. Other automakers have of course made similar adjustments. The brand's luxury division, Genesis, has already announced it will offer hybrid models, whereas it was supposed to turn to purely electric models.
Ford, Porsche and Mercedes-Benz have all recently committed to producing more hybrids in the medium term. Others, like Cadillac, have said that gasoline-powered models will sit alongside all-electric models in their lineups for longer than originally planned. “Ultimately, we think it’s the right move to maintain our path to EVs.
But we do need to improve charging infrastructure and ensure we tackle range issues with improved technology.” - Hyundai President and CEO Jaehoon Chang This illustrates the challenges automakers face in different parts of the world. In parts of Canada and in states like California, for example, infrastructure isn't really an issue, and c.