. They will be joined by the Ioniq 7, a large, three-row SUV that, despite being aimed at markets like the U.S., will also be sold in Europe.in the first half of this year. Its market share increased significantly in the process, and EVs accounted for 16 percent of total sales for the brand this year.production of EVs accelerates rapidly
. If Hyundai is like other automakers, electric vehicles may account for 30 percent of its sales by 2024. The same analysis suggests that the European market is also in an adoption phase for EVs and that the market is expanding quickly. Indeed, Hofmann said that Hyundai is “confident about the second half” of 2022. In terms of small EVs, though, it might be a step behind the VW Group, whose Cupra brand is planning on releasing
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