Hyundai to be carbon neutral by 2045

To achieve this goal it will phase out all vehicles using fossil fuels by 2040.

“Under our company’s vision, ‘Progress for Humanity’, Hyundai Motor is determined to do the right thing for the world,” said Jaehoon (Jay) Chang, president and CEO of the Hyundai Motor Company. “Climate change is an undeniable challenge that needs everyone’s utmost and urgent attention. Hyundai Motor commits to become carbon neutral in its global products and operations by 2045, and we will make investments in cleaner transportation and greener energy solutions to achieve a better and more sustainable future for all.”

Michael Cole, president and CEO of Hyundai Motor Europe says, “We are excited to be sharing our future company vision, which goes beyond automotive mobility. On top of this, we are outlining our roadmap to enable a carbon neutral society, which is imperative as the future of the planet is at stake.”

Hyundai Motor’s integrated, multi-dimensional strategy for carbon neutrality consists of three pillars: expanding its clean mobility line-up, developing next-generation platforms, and investing in green energy solutions and technologies.

Hyundai Motor is also looking to recover and transform end-of-life batteries into a new business of energy storage system. Hyundai is currently working with various local energy partners to run pilot projects to commercially reuse second-life EV batteries. Also, the company is scheduled to test a small size application of SLBESS in Germany next year.

Thomas Schemera, global chief marketing officer at Hyundai Motor Company says, “As a smart mobility solution provider, Hyundai also aspires to provide energy solutions for business and society overall. Climate change won’t be solved without a concerted effort.

We will strive to do more for the environment via multiple sustainability projects in the months to come, inviting everyone to join us on our journey towards a cleaner future”.

Source: QuickPic

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