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Q&A: Hyundai Motor Group COO Jose Munoz is “Doubling Down” on EVs

Q&A: Hyundai Motor Group COO Jose Munoz is “Doubling Down” on EVs

After growing nearly 800% between 2019 and early 2023, the growth in EV sales has begun to slow in recent months. But despite some reports, U.S. demand is expected to still grow from 1.2 million to 1.5 million in 2024. While some automakers, such as Ford, Volkswagen and General Motors are pulling back on their commitments to electrify, at least one major executive, Hyundai’s Jose Munoz, says he is “doubling down” on EVs. Find out why at Headlight.News.

Exclusive: Hyundai Rethinks EV Plans – New Georgia EV Plant May Add Hybrids, Gas Models

Exclusive: Hyundai Rethinks EV Plans – New Georgia EV Plant May Add Hybrids, Gas Models

As EV sales growth slows, automakers are rethinking prior plans, in some cases delaying, even canceling battery-electric vehicle projects. That includes Hyundai Motor Group, the Korean automaker previously announcing one of the industry’s more aggressive EV launch programs. But, in an exclusive report Headlight.News reveals Hyundai is not only studying whether to slow the rollout of new EVs, but also whether to make major changes to the $5.54 billion EV plant in Georgia currently set to start production in October. That would allow the facility to meet production targets by assembling more than just EVs, Hyundai officials revealed.