Hyundai Motor Company has announced its commitment to become carbon neutral by 2045. The Japanese carmaker’s integrated strategy to achieve carbon neutrality rests on three pillars, including clean mobility, next-generation platforms and green energy.
Jaehoon (Jay) Chang, Hyundai Motor Company, CEO, said: “Under our company’s vision, Progress for Humanity, Hyundai Motor is determined to do the right thing for the world.
“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.
“We will make investments in cleaner transportation and greener energy solutions to achieve a better and more sustainable future for all.”
When it comes to clean mobility Hyundai, who recently launched their IONIQ 5 electric car, will increase the sales share of zero-emission vehicles (ZEVs) in upcoming years.
By 2030, Hyundai aims to secure 30 percent of its global vehicles sales with electric vehicles (EVs), and by 2040, the company expects that battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) will account for 80 percent of its total fleet sales.
By region, Hyundai Motor plans to offer only ZEVs in Europe, starting in 2035. By 2040, Hyundai will phase out all vehicles using fossil fuels in major markets, supportive of the transition to clean mobility.
Hyundai Motor has also made leading investments in the field of next-generation transportation platforms. This includes an innovative set of mobility options to get from point A to B, such as urban air mobility (UAM) and autonomous vehicles, offering greater freedom of mobility without a carbon footprint.
These platforms are also in line with the company’s ‘Progress for Humanity’ vision and shows Hyundai’s commitment to enhance urban livability for future generations.
Regarding the third and final pillar, green energy, Hyundai Motor’s carbon neutral strategy goes beyond the transition to ZEVs. It aims to provide cleaner and greener energy solutions for all.
This includes not only using renewable energy at the company’s production facilities but also making long-term investments in future technologies, such as green hydrogen based on renewable energy, Vehicle-to-grid (V2G) and Second Life Battery Energy Storage System (SLBESS).