{"componentChunkName":"component---src-templates-blog-post-js","path":"/blog/hyundai-to-cut-combustion-engine-lineup-invest-in-evs-report-says/","result":{"data":{"site":{"siteMetadata":{"title":"No Frills News"}},"contentfulNfnPost":{"postTitle":"Hyundai to cut combustion engine lineup, invest in EVs, report says","slug":"hyundai-to-cut-combustion-engine-lineup-invest-in-evs-report-says","createdLocal":"2021-05-27 14:31:04.173412","publishDate":"2021-05-27 05:10:03-04:00","feedName":"Autonomous Vehicle News","sourceUrl":{"sourceUrl":"https://europe.autonews.com/automakers/hyundai-cut-combustion-engine-lineup-invest-evs-report-says"},"postSummary":{"childMarkdownRemark":{"html":"<p>SEOUL -- Hyundai Motor Group will slash the number of combustion engine models in its lineup to free up resources to invest in electric vehicles, two people close to the automaker told Reuters.\nHyundai Motor Group, which includes Hyundai Motor and Kia and Genesis, aims to sell about one million EVs per year by 2025 to achieve a 10 percent share of the global EV market.\nFacing tightening CO2 emissions targets in Europe and China, all major automakers are accelerating their shift to EVs.\n\"Hyundai has stopped developing new powertrains for internal combustion engine cars,\" one of the people said.\nIn April, Hyundai said it would cut the number of its gasoline models in China to 14 from 21 by 2025, while launching new electric models every year starting in 2022.</p>"}}}},"pageContext":{"slug":"hyundai-to-cut-combustion-engine-lineup-invest-in-evs-report-says"}}}