From CNBC: 2024-03-27 16:40:18

Hyundai is reevaluating plans to exclusively produce all-electric vehicles at a new Georgia plant, considering hybrid options due to slower EV adoption and revised emissions rules. The company is investing $12.6 billion in Georgia, including a new plant and battery manufacturing facility. Hyundai remains committed to EVs but is open to market demands for hybrids. The company unveiled a refreshed Tucson crossover available in gas, hybrid, and plug-in hybrid options.

Hyundai’s Jose Munoz spoke at the New York International Auto Show about the company’s plans to potentially include hybrid or plug-in hybrid electric vehicles in addition to all-electric vehicles at their Georgia plant. The company is investing $12.6 billion in Georgia, including battery manufacturing through joint ventures. Munoz emphasized the importance of the growing demand for hybrids and PHEVs.

Hyundai is in the process of evaluating whether to produce hybrid or plug-in hybrid electric vehicles at their new plant in Georgia in addition to all-electric vehicles. This decision is influenced by slower-than-expected EV adoption and revised emissions rules. The company is investing $12.6 billion in Georgia, including battery manufacturing facilities.

Hyundai revealed a refreshed Tucson crossover available in gas, hybrid, and plug-in hybrid options at the New York International Auto Show. The company is considering adding hybrid or PHEV options at their new Georgia plant due to market demand. Hyundai remains committed to EVs but is open to offering a variety of alternatives.



Read more at CNBC: Hyundai may add hybrid production to $7.6 billion Georgia plant