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.