Hyundai Motor Plans 17 New Electric Vehicles by 2030

We know that Hyundai Motor has specific plans for electrification, and today we learned some more about those plans. The South Korean auto giant, which includes the Hyundai brand as well as the Genesis luxury marque, confirmed during a investors’ meeting that it plans to invest some $16 billion USD on electric vehicle-related activities and that in all, it plans to launch 17 new models by the end of the decade.

Of the lot, 11 will sport a Hyundai logo, and six will be produced by Genesis. All in all, the company has committed close to $80 billion in total investments between now and 2030, including that $16B figure for EVs..

Hyundai confirmed that three of its future BEVs will be sedans; there will also be six SUVs, one light utility vehicle and one new model type, yet to be identified. That last will certainly feed some interesting speculation, safe to say. It shouldn’t be surprising to see new formats emerge along with electrification, but what those are are, obviously, not yet known.

At least two of the planned models are already known, of course. The Ioniq 6 and Ioniq 7 are expected this year and next as 2023 and 2024 models, respectively.

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