However, this will not happen in the near future. For now, the Korean manufacturer will produce expensive electric cars.
Hyundai will produce cars with internal combustion engines in Europe until at least 2035. But at the same time, it is also developing a model range of electric cars under the Ioniq sub-brand.
In particular, the Ioniq 5 is sold in Ukraine, and the Ioniq 6 recently debuted in the world. In addition, a large three-row Ioniq 7 is being prepared for the US market. All of these are quite expensive cars, but Hyundai has the image of a ‘people’s’ automaker. A budget electric car worth about 20,000 dollars is planned, but not in the near future.
Hyundai says that developing a small car with an electric drive is a difficult task. It is difficult to make a profit, so now the priority is the production of large and expensive electric cars. And after them, the turn of the budget will come.
