World’s fifth largest automaker Hyundai Motor Co will soon add three plug-in hybrids to its portfolio and will also launch a long-range electric vehicle with a driving range of 311 miles (500 km) per charge after 2021. The three plug-in hybrid cars will be introduced by 2020 and Hyundai along with its sister partner Kia Motors will have 31 Eco-friendly vehicles, up from previously announced 28 models. The new product announcement comes after the concerns raised by investors on lagging behind rivals like Toyota, Tesla in the green car race. Globally Hyundai has eight battery-powered cars and two fuel-cell vehicles. With the new electric car the Korean car maker plans to take on the likes of Tesla which is slowly becoming the go to company to buy an electric car. In 2016, Hyundai Ioniq electric sedan was launched which was the company's first mass-market pure electric car but Ioniq's driving range is much shorter than the offerings from Toyota, General Motors and Tesla. Hyundai is also working on introducing the electric version of its Kona SUV with a driving range of 390 kms per charge in the first half of 2018. Korean automaker will also soon come up with its first dedicated electric vehicle platform, which will allow Hyundai and Kia to manufacture multiple models across various segments with longer driving range.
Earlier, Hyundai had showcased its Tucson fuel cell concept SUV claiming a driving range of more than 800 kms under European standards. Hyundai Tucson with fuel cell technology will make its debut in Korea next year and will also be launched in the North American and European markets. The company has also confirmed the market launch of its Elec City bus that claims a drive range of 290 kms. It does believe that future belongs to electric buses and stated that over 98% of world's electric buses (173,000) are driven on Chinese roads only. About 18 different European cities have a strategy to electrify its public transport before 2025.
In the U.S, Los Angeles’ Metropolitan Transportation Authority last month unveiled its plan to invest about $138m on electric buses, with the goal of creating an emission-free fleet by 2030. July also saw Nitin Gadkari, India’s minister for road transport, meeting over 3,000 bus operators to opt for electric-powered vehicles over the standard diesel option.