At the IAA Mobility 2021, the Hyundai Motor Company announced its voluntary commitment to become climate-neutral by 2045. In the course of this, no more combustion vehicles are to be sold in Europe from 2035, and in the remaining most important world markets from 2040.
The voluntary commitment applies to the Hyundai Motor Company, i.e. the Hyundai brand. The Hyundai Motor Group – consisting of Hyundai Motor Company, Kia, Genesis and other companies such as the supplier Hyundai Mobis – is not affected.
“Under the corporate vision of ‘Progress for Humanity’, Hyundai Motor is determined to do the right thing for the environment,” Jaehoon (Jay) Chang, president and CEO Hyundai Motor Company, is quoted as saying in his company’s statement. “Climate change is an undeniable challenge that requires the greatest and most urgent attention of all.”
An interim target of 30% of Hyundai’s global sales in 2030 is said to be Zero Emission Vehicles (ZEVs) – battery electric cars (BEVs) and fuel cell cars (FCEVs). But it is important to note the caveat that Hyundai aims to “eliminate all fossil fuel vehicles in key global markets” by 2040 – this leaves the door open for some countries without sufficient infrastructure for BEVs and FCEVs, on the one hand, but also for synthetic-fuel internal combustion vehicles. Fans of the Ioniq 6 will have to wait a bit longer though as Hyundai delayed the production to 2022.
Within the framework of the Climate Promise, Hyundai says it is thinking beyond just vehicles – including air taxis. For the use of Zero Emission Vehicles, the carmaker is planning long-term investments in future technologies such as green hydrogen based on renewable energies, Vehicle-to-Grid (V2G) and Second Life Battery Energy Storage Systems (SLBESS).