Hyundai Motor commits to achieve carbon neutrality by 2045
At IAA Mobility 2021, Hyundai Motor Company declared its goal to become carbon neutral by 2045. Hyundai Motor pledged at this year's IAA to cut carbon emissions by 75 percent by 2040 compared to 2019.
"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, and we will make investments in cleaner transportation and greener energy solutions to achieve a better and more sustainable future for all," said Jaehoon (Jay) Chang, President and CEO of Hyundai Motor Company.
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.
Hyundai Motor has progressed towards carbon reduction through its leadership in sustainable mobility since the initial showing of its EV concept vehicle in 1991. In the next years, Hyundai Motor plans to steadily raise the sales proportion of zero-emission vehicles (ZEVs). Hyundai forecasts battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs) to account for 80 percent of its total fleet sales by 2040, with ZEVs accounting for 30 percent of worldwide vehicle sales by 2030.
Starting in 2035, Hyundai Motor aims to provide solely ZEVs throughout Europe. Hyundai plans to phase out all fossil-fuel cars in key markets by 2040, supporting the transition to sustainable transportation.
Hyundai Motor has made some of the most significant investments in next-generation transportation platforms. This includes a cutting-edge set of transportation alternatives for getting from point A to point B, such as UAM and autonomous cars, which provide more mobility while reducing carbon emissions. These platforms also align with Hyundai's Progress for Humanity goal, demonstrating the company's commitment to improving urban livability for future generations.
At IAA Mobility 2021, Hyundai Motor presents the first glimpse at its ground-breaking robotaxi vehicle. The SAE Level 4 autonomous driving car based on IONIQ 5 was developed in collaboration with Motional, a global pioneer in driverless technology.
Hyundai Motor's carbon-neutral plan extends beyond the adoption of zero-emission vehicles (ZEVs). Its goal is to give everyone better and greener energy options. This involves not just employing renewable energy in the company's manufacturing facilities, but also making long-term investments in future technologies such as renewable-based green hydrogen, vehicle-to-grid (V2G), and Second Life Battery Energy Storage System (SLBESS)
V2G is the most recent technology that permits energy from an electric vehicle's battery to be transferred back to the power grid. It allows for effective energy demand control, particularly during peak hours, reducing reliance on fossil fuels.
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