Hyundai will release a cheap electric car

The electric car will be available with a starting price of $20,000


An editor at eMobilCar

  • 1 min read

Until now, when we talked about Hyundai electric vehicles, we focused on the Ioniq 6 model and other members of the new family built on the E-GMP platform.

The car that Hyundai is already working on will be produced specifically for Europe. The development phase "has already begun", said Andreas-Christoph Hofmann, marketing director for Hyundai Motor Europe.

The problem with compact electric vehicles is that they are difficult to make profitable due to their low list price and the technology required for electrification

Hyundai plans to launch 11 new electric vehicles in European markets by 2030, including a city car intended for the general public, which will significantly increase the share of battery cars in total sales. In the first half of this year, electric cars account for 16% of all Hyundai sold.

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