South Korean carmaker Hyundai aims to become globally carbon neutral by 2045

Sharing its goals for the future at IAA Mobility 2021 in Munich, South Korean automobile giant Hyundai Motor Group revealed that it intended to become totally carbon neutral by the year of 2045. Explaining its goal to achieve carbon neutrality, a Hyundai representative announced that the company’s electrification plans would include its global product lineup and encompass all company operations. In addition, the company would put an end to all combustion engine vehicles in Europe from the mid of next decade (2035).

Additionally, the group remains committed to trim down its carbon emissions 75 per cent below the 2019 level by the end of next decade (2040). By the end of current decade, it aims to have 30 per cent of its worldwide sales come from ZEVs, and have BEVs and FCEVs account for 80 per cent of total sales by 2040. Starting 2035, it will produce and sell only ZEVs in Europe, and will stop selling ICE vehicle in major markets by 2040.

Jaehoon “Jay” Chang, President and CEO of Hyundai Motor, acknowledged that global warming and climate change are undeniable challenges that needs everyone’s urgent attention. He stressed that the South Korean manufacturer would do the right thing to protect the world from global warming.

Sharing Hyundai’s vision, Chang said, “Hyundai Motor is determined to do the right thing. Climate change is an undeniable challenge that needs everyone’s utmost and urgent attention. Hyundai Motor commits to become carbon neutral in its global products and operations by 2045.”

To achieve its carbon-neutrality goals, the manufacturer will make significant investments in greener energy and cleaner transportation solutions. The company is quite hopeful that its planned investments would bring about sustainable mobility in the future for all.

Hyundai Motor Group is an umbrella entity that has several popular brands, such as Hyundai, Genesis, Kia as well as the upcoming Ioniq line of electric cars, under its jurisdiction. Genesis, the group’s luxury car brand, has also shared plans to go all-electric.

Genesis recently announced that it intended to go all-electric by the end of current decade (2030) to reduce its carbon footprint. As part of the plan, the luxury brand will not produce any new ICE model after 2025. Most the group’s upcoming EVs will be based on its dedicated Electric-Global Modular Platform (E-GMP). The EV-dedicated E-GMP platform claims to have the ability to improve driving range, performance, as well as charging capabilities.