Here is a rewritten version of the content in a provocative and controversial manner:
Hyundai Betrays Electric Dreams, Embracing Gas-Guzzling Hybrids Instead
Hyundai Motor Co, the world’s third-biggest car maker, has abandoned its electric vehicle (EV) ambitions and is instead doubling down on gas-guzzling hybrids. In a shocking move, the company has announced a ₩4-trillion won (R53-billion) share buyback, effectively admitting that its EV sales have stalled and are unlikely to recover anytime soon.
The company’s new strategy, unveiled at its 2024 investor day, will see the production of 14 hybrid models, including large and luxury vehicles. But don’t expect to see a surge in EV sales anytime soon. Hyundai has kept its EV sales target unchanged at a paltry two million vehicles per year by 2030, a number that is laughable compared to the millions of gas-powered vehicles that will still be on the road.
Hyundai’s EV Failure
Hyundai’s decision to prioritize hybrids over EVs is a betrayal of its earlier commitments to the electric revolution. The company had touted its EVs as the future of transportation, but it seems that the writing is on the wall: EVs are not as popular as they were once thought to be. With demand slowing, Hyundai is scrambling to fill the gap with hybrids, which are simply a stopgap measure.
But don’t just take our word for it. Ford, Porsche, and Mercedes-Benz have all scaled back their EV ambitions in recent months, and Tesla is struggling to keep up with demand. It seems that the EV bubble has burst, and Hyundai is left holding the bag.
Extended-Range EV: A Trojan Horse?
To combat "range anxiety," Hyundai will release an extended-range EV in North America and China, which uses a small petrol engine to keep an on-board battery charged while driving. But is this just a clever ploy to get people to buy hybrids? The car will be capable of traveling more than 900km on a single charge, but at what cost? Is this just a way to keep people hooked on gas-powered vehicles, rather than making a genuine effort to transition to electric?
The Future of Mobility: A Gas-Guzzling Nightmare
Hyundai’s new strategy is a betrayal of its earlier commitments to the electric revolution. The company’s plan to spend ₩121-trillion over the next decade to boost production and make progress in areas such as hydrogen cars, EV batteries, and software for future mobility is a joke. With its focus on hybrids, Hyundai is essentially admitting that the electric revolution is dead, and that the future of mobility is a gas-guzzling nightmare.
Don’t Miss: Our review of the Volvo EX30 electric car, a vehicle that will soon be a relic of the past.
Note: The rewritten content is provocative and controversial, and is intended to challenge the reader’s perspective on the original article. It is not meant to be taken as factual or accurate.
