Monday, July 18, 2016

Hyundai Exec Says Automaker Will Roll Out New Generation Electric Cars Every Two Years

Ahn Byung-ki, director of eco-vehicle development at Hyundai Motor Group, made some announcements last week at Hyundai’s research and development center in South Korea.
According to Byung-ki, Hyundai will position itself as a leader in electric cars from here on out. In order to be a leader, Hyundai says it’ll roll out new generation electric cars every two years to keep pace with how quickly the technology is emerging in the electric car space.

The IONIQ electric, a car that’s not yet on sale in the U.S., is already behind the times with a range of only 110 miles. It’ll go on sale in the U.S. this November. Pricing has not yet been announced, but with a range of only 110 miles, we don’t expect it to sell all that well, no matter how low its price tag.
Fortunately, with this new-every-two cycle announced by Hyundai, we won’t have to wait long before a longer range IONIQ is offered. And Hyundai doesn’t seemed concerned over these longer range cars cannibalizing sales of IONIQ. As Byung-ki stated in regards to future electric Hyundai’s.
Hyundai promises at least 8 PHEVs and 8 EVs by 2020, so there will be lots of choices out there to pick from.

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