Hyundai has become the latest automotive manufacturer to step up investment in hybrid cars, as the industry grapples with a slowdown in demand for all-electric vehicles.
The South Korean company has revealed plans to double its hybrid range to up to 14 models in anticipation of a rise in demand, especially in North America. It has increased its hybrid sales goal by 40 per cent to 1.33 million units by 2028.
However, it decided to stick with its electric vehicle (EV) sales target of two million units by the end of the decade.
Hyundai is expanding into a relatively new hybrid segment called the extended-range electric vehicle (EREV), popular in China, with a range of more than 900KM when fully charged. It is planning to
