Hyundai raises electric car sales target to 1.7 million units by 2026

Asian Tech Press (Dec 21) -- According to media reports, Hyundai CEO Jaehoon Chang revealed in an interview that they had raised their global electric vehicle sales target for 2026 to 1.7 million units, up from a previous estimate of 1 million units, to meet the growing demand for electric vehicles.

Chang said in the interview that they will expand their electric vehicle lineup with a doubling of models to have at least 13 electric vehicles by 2026.

Chang said 1.7 million is an ambitious goal, and they expect Hyundai and its brand Genesis to sell 220,000 electric cars worldwide next year, up 56 percent from their projected sales of electric vehicles this year.

From what Jaehoon Chang revealed, their 1.7 million electric car sales target includes Hyundai and Kia, part of the Hyundai Motor Group, and consists of the standalone premium brand Genesis.

Hyundai Motor Group has previously announced electric vehicle sales targets for some years for Hyundai and Kia, with Hyundai aiming to sell 560,000 units in 2025 and Kia 500,000 units in 2026. After raising the sales target for electric vehicles to 1.7 million units in 2026, the two brands' sales targets for electric cars in 2026 are expected to be adjusted accordingly to achieve the overall sales targets they have set.

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