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The Korean automotive giant joins General Motors, Subaru, Volkswagen, and Ford on the path to net-zero.
Hyundai claims it will achieve carbon neutrality within 24 years.
The manufacturer’s plans will also see it offer only electric vehicles in Europe by 2035, ahead of “[phasing] out all vehicles using fossil fuels in major markets” by 2040 – though it’s not clear if that includes Australia.
“[We are] determined to do the right thing for the world,” the brand’s CEO, Jay Chang, said in an official statement. “Climate change is an undeniable challenge that needs everyone’s utmost and urgent attention.
“We will make investments in cleaner transportation and greener energy solutions to achieve a better and more sustainable future for all.”
The terms laid out by Hyundai suggests it could potentially ‘write off’ output through indirect ventures such planting trees and buying carbon credits from net-negative polluters, meaning its day-to-day operations won’t necessarily be free of emissions.
It’s unclear how the targets will impact sister company Kia, which has so far not commented on a timeline for carbon neutrality – though Hyundai’s luxury brand Genesis has pledged to hit the target by 2035. Drive has reached out to spokespeople for all three marques, and this story will be updated when more information becomes available.
Meanwhile, aforementioned, Volvo-owned electric car brand Polestar has committed to introducing the ‘Polestar 0’, a carbon-neutral electric vehicle by 2030 that achieves neutrality by eliminating CO2 from production altogether, rather than simply offsetting it.
He has maintained a primary focus on industry trends, autonomous technology, electric vehicle regulations, and local environmental policy.
As the newest addition to the Drive team, William was brought onboard for his attention to detail, writing skills, and strong work ethic.
Despite writing for a diverse range of outlets – including the Australian Financial Review, Robb Report, and Property Observer – since completing his media degree at Macquarie University, William has always had a passion for cars.
Read more about William Davis
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