News > Hyundai aims to quadruple EV sales by 2030, sets new target of 2 million units
Hyundai aims to quadruple EV sales by 2030, sets new target of 2 million units
21/06/2023 03:31 PM | Click to read full article
Hyundai Motor Company has announced ambitious plans to sell 2 million electric vehicles (EVs) by 2030, surpassing previous its market projection. In order to achieve this target, the company intends to invest about $85 billion over the next decade. Hyundai will set up new manufacturing plants dedicated solely for EV production while simultaneously utilising existing internal combustion engine (ICE) plants to boost production output and reduce costs.
