Hyundai Motor Company has announced its commitment to become carbon neutral by 2045.
At this year’s IAA, Hyundai Motor made its commitment to reduce its carbon emissions 75 percent below the 2019 level by 2040. The company also aims to achieve carbon neutrality in its products and global operations by 2045.
“Under our company’s vision, Progress for Humanity, Hyundai Motor is determined to do the right thing for the world,” Hyundai Motor Company president and CEO Jaehoon (Jay) Chang said. “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.”
Hyundai Motor’s integrated, multi-dimensional strategy for carbon neutrality consists of three pillars: expanding its clean mobility lineup, developing next-generation platforms, and investing in green energy solutions and technologies.
Part of the company’s commitment under its clean mobility plan is to gradually increase the sales share of its zero-emission vehicles (ZEVs) in upcoming years.
By 2030, Hyundai aims to secure 30 percent of its global vehicles sales with ZEVs, 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.
Meanwhile, 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 is showcasing the full breadth of its electrified vehicle lineup and latest solutions to progress with positive energy at this year’s IAA, which is taking place from Sept. 6 to 12 in Munich, Germany.