Korean vehicle manufacturer Hyundai Motor is aiming to drastically cut down on cars based on fossil fuels in coming days. According to a report shared by news agency Reuters , sources close the company have confirmed that Hyundai wants to save its funds and resources to invest more in electric vehicles. The company now plans to save its funds and resources so as to invest more in electrically powered vehicles. For this, Hyundai now plans to drastically reduce the number of cars that run on conventional sources of fuel, such as petrol and diesel. The plan of Hyundai’s electric vehicles includes full electrification of cars and sell only electrically powered cars by 2040.
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Hyundai Plans To Reduce Manufacturing of Petrol And Diesel Cars by 50% to Focus on EVs
Korean vehicle manufacturer Hyundai Motor is aiming to drastically cut down on cars based on fossil fuels in coming days. According to a report shared by news agency Reuters, sources close the company have confirmed that Hyundai wants to save its funds and resources to invest more in electric vehicles.
