[Auto] 'Top 3' of EV Makers with 3.6 Million Sales by 2030 Hyundai Targets

[Mr.Hacker]

 

Hyundai sold just under 4 million vehicles in 2022, but big changes are looming as the parent company aims high in the EV world.
Hyundai wants to be a "top three EV manufacturer" in 2030, but exactly how the company is defining that list is vague.
What we can say is that if the Hyundai Motor Group wants to sell 3.6 million EVs in 2030, it's going to have to put in the work. The competition will not be resting.
The Hyundai Motor Group wants to move on up in the world. The Korean company is objectively winning the "How 'bout these cool electric vehicles?" challenge all the automakers are playing these days, but it wants more. Hyundai Motor Group (HMG) announced earlier this month that it wants to be a "Top 3 EV manufacturer" by 2030.

Exactly what that means is a bit difficult to define, and even Hyundai isn't willing to say publicly which companies it is targeting. Tesla is obviously the world's number-one EV company, but they're not alone. Will Hyundai include China-only domestic brands, especially companies like the Shanghai Automotive Industry Corporation (SAIC Motors) that sell their fair share of city EVs? Or does Hyundai want to be considered in the top three, no matter which companies you look at?

Who Even Are the Top Three?
We asked whom Hyundai considers its competition here, but a HMG spokesperson told Car and Driver, "We do not comment on other automakers." The spokesperson did say that the company will measure the "global top three" EV sales company goal as including both passenger cars and commercial vehicles from HMG's three brands: Hyundai, Kia, and Genesis. HMG will offer more than 30 EV models in 2030.

So, instead, let's look at the overall EV sales numbers. To put them in perspective and appreciate the magnitude of Hyundai's plans, let's take stock of where things are today. Globally, sales of plug-in vehicles dramatically increased in 2021, with total sales of EVs and PHEVs roughly doubling from their 2020 numbers.

Despite the start of the pandemic, annual EV sales in 2020 were relatively stable compared with the preceding years, according to International Energy Agency data. Roughly 2.7 million EVs were sold in China in 2021, almost half a million in the U.S., and 1.2 million in Europe. Hyundai's spokesperson told us that HMG plans to produce and sell 3.6 million EVs around the world in 2030. The Hyundai brand sold 3.9 million vehicles, of all powertrain types, in 2022 and expects to sell 4.3 million vehicles in 2023.

 

https://www.caranddriver.com/news/a43675132/hyundai-targets-top-3-of-ev-makers/