What simply occurred? Simply earlier than the tip of final 12 months, Hyundai reportedly closed all inside combustion engine growth and reassigned its engineers to digital automobiles. Hyundai is the most recent in a line of firms and even governments which have introduced strikes in assist of EVs within the final 12 months.
Business sources advised The Korea Financial Day by day that Hyundai closed its combustion engine growth and R&D facilities. The South Korean firm will now not develop new gas-powered automobiles however will reserve a number of engineers to switch current ones.
Hyundai will transfer powertrain engineers to an electrification design middle, whereas powertrain efficiency engineers will now work on EV enhancements. It additionally established a brand new battery division to develop higher energy cells, specializing in design, efficiency, and uncooked supplies for batteries.
Final August, automated driving programs firm Motional introduced it might add a Hyundai EV robotaxi to the Lyft app by 2023. Hyundai additionally unveiled its objective of promoting 1.7 million EVs worldwide by 2026.
This shift aligns with how different firms and governments wish to transfer additional in direction of EVs by the center and finish of this decade. In November, we reported that Xiaomi needs to supply 300,000 EVs per 12 months beginning in 2024, and Volvo plans to maneuver totally to EVs by 2030. In the meantime, New York needs to ban the sale of recent gas-powered automobiles by 2025. The UK additionally proposed phasing out gas-only automobiles by 2030.