Hyundai has official plans to bring an economical, entry-level electric lorry to market in Europe, though it's not going to happen right now. The brand name recently introduced its popular Ioniq 5 crossover and has plans to follow it with numerous completely electric vehicles moving forward.
Hyundai and Kia have both dipped their toes in electrification in the past, and more budget-friendly "entry-level" models have been available for a long time. We're speaking about lhe likes the Hyundai Kona Electric, Kia Soul EV, and Kia Niro EV. However, the Ioniq 5– as well as the Kia EV6– are the brand names' first purpose-built electric cars and trucks that ride on an international platform specifically developed for EVs.
While the Ioniq 5 crossover is a Tesla Model Y rival, Hyundai will bring the Ioniq 6 sedan to market next, which will compete with the Tesla Design 3. In just a few years, the South Korean brand name aims to release the Ioniq 7 three-row SUV. There are presently few fully electrical three-row SUVs offered. Much like electric pickup trucks, it's a market that is worthy of to be addressed by electric vehicle makers, sooner rather than later on.
In addition to Hyundai's growing list of engaging EVs that will take on the similarity Tesla, Ford, and others, the brand likewise sees the importance of value-oriented choices, specifically for Europe. Hyundai and Kia have actually been the worth leaders in the industry for several years, though they've made it clear that's not necessarily the focus with lineups like that of the series of higher-end Ioniqs and Genesis designs concerning market now and into the future.
With all of that said, according to Hyundai Motor Europe marketing chief Andreas-Christoph Hofmann, the brand has actually devoted to bringing an all-electric entry-level car to market in Europe down the road. However, Hofmann was clear that the "battery-powered minicar" is going to take some time to develop into a variation that can enter into production.