Mainstream division will become carbon neutral 10 years after company’s luxury division
Hyundai announced its pledge to go carbon neutral by 2045 at the IAA Mobility 2021 Conference in Munich, Germany on Sept. 6, just four days after Genesis announced it will go all-electric by 2025 and carbon neutral in 2035.
“Under our company’s vision, Progress for Humanity, Hyundai Motor is determined to do the right thing for the world,” said Jaehoon (Jay) Chang, President and CEO of Hyundai Motor Company. “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, and we will make investments in cleaner transportation and greener energy solutions to achieve a better and more sustainable future for all.”
The company’s strategy relies on three prongs – clean mobility, next-generation platforms and green energy. Pulling out all its stop, the company brought its entire electric vehicle (EV) lineup – IONIQ 5, NEXO, Kona EV RoboTaxi and Elec City Fuel Cell bus – to Munich.
Hyundai is committed to gradually growing the sales share of its zero-emission vehicles (ZEVs) in upcoming years. By 2030, the company aims to have 30 percent of its global sales with ZEVs and 10 years later, the company hopes that battery electric vehicles (BEVs) and Fuel Cell Electric Vehicles (FCEVs) will comprise 80 percent of its total fleet sales. After 2040, Hyundai plans to phase out all fossil fuel vehicles in its major markets.
The company has invested in a bevy of next-generation transportation platforms, such as autonomous and urban air mobility (UAM) vehicles that leave no carbon footprints.
Lastly, the company’s carbon neutral strategy does not stop at ZEVs. It plans on incorporating renewable energy at its production facilities and making long-term investments like green hydrogen based on renewable energy, Vehicle-to-grid (V2G) and Second Life Battery Energy Storage System (SLBESS).
If you can’t make it to Munich this year, don’t fret as the company’s IAA demonstration is available to view on its Worldwide YouTube channel.