Headquarters

South Korea

Vehicle Production (2021)

6.6 Million

Vehicle Production (2029)

7.8 Million

ZEV Production (2021)

0.3 Million

ZEV Production (2029)

2.1 Million

Hyundai Motor

Climate Policy Engagement: Hyundai Motor receives a grade of D+ in InfluenceMap’s assessment of corporate engagement on climate change policy, indicating mixed engagement with Paris-aligned policy.

Forecasted 2029 Production: Data from IHS Markit forecasts that by 2029 27% of Hyundai Motor’s production will be battery electric vehicles (BEVs), alongside 2% plug-in hybrids (PHEVs), 45% ICE (internal combustion engine) vehicles, 25% hybrids and 0% fuel cell electric vehicles (FCEVs).

This compares negatively to the IEA’s 1.5°C scenario, which estimates that 57.5% of all globally produced cars must be either BEV or FCEV by 2030 to meet the 1.5°C global temperature goal.

The graphic below compares the company’s climate policy engagement score with the company’s forecasted percentage production of zero-emission vehicles by 2029 (IHS Markit data). The bubble size represents the relative proportion of vehicle production compared to other major global automakers.

Zero Emission Vehicle Production and Climate Policy Engagement

Zero Emission vehicles as % of total vehicle production by 2029 versus InfluenceMap climate policy engagement scores (Circle size proportional to 2022 vehicle sales - hover over companies for details)

Hyundai Motor

Climate Lobbying Overview: Hyundai Motor Group has engaged on a number of climate policy issues in South Korea, EU and the US in 2020-22. Hyundai Motor appears to acknowledge the necessity of GHG emissions reductions in its communications, but has negative engagement with numerous key regulations to reduce emissions in the road transport sector.

The full climate policy engagement profile of Hyundai Motor Group is available here.

Hyundai Motor, Vehicle Production

Internal decarbonization targets: Hyundai Motor plans to “build a carbon neutral operation system by 2050”. Under its updated ‘Strategy 2025’ Roadmap, Hyundai Motor plans to "fully electrify its lineup in major global markets by 2040". It will aim to sell 560,000 EVs per year by 2025, expects to introduce more than 12 battery electric vehicle (BEV) models and aims to "achieve 8-10 percent share of global EV market by 2040". Hyundai Motor has also pledged to reduce GHG emissions by 26% by 2030 from a 2016 baseline. Hyundai Motor's subsidiary, Kia, in March 2021 also announced that it will globally aim to sell 1.2 million BEVs in 2030, 30% of its targeting annual 4 million sales.

The vehicle production data for Hyundai Motor can be filtered by region using the dropdown below

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Fleet Composition by Vehicle Technology

Number of vehicles produced by all worldwide

Hyundai Motor’s forecasted fleet composition by technology: In 2029, 27% of Hyundai Motor’s production is forecast to be battery electric vehicles, compared to 3% in 2020. For plug-in hybrids (PHEVs), this is expected to rise marginally from 1% to 2%, whereas for other hybrids, this is expected to increase from 6% in 2020 to 25% in 2029. For ICE vehicles, this is likely to decrease from 90% in 2020 to 45% in 2029. This is in contrast to the IEA’s 1.5°C road transport scenario, which requires 57.5% of all light-duty vehicle sales in 2030 to be either BEV or FCEV to decarbonize road transport in line with the Paris Agreement’s 1.5°C goals.

The ‘Vehicle Technology’ graph below outlines the previous and forecasted technology of vehicles produced by Hyundai Motor from 2020-2029 using IHS Markit data.

Fleet Composition by Vehicle Type

Percentage ZEV and PHEVs all produced worldwide

Hyundai Motor’s forecasted vehicle size: The proportion of SUVs and small vehicles produced by Hyundai Motor in its entire fleet is estimated to increase between 2020-2029 from 48% to 53% for SUVs, and from 15% to 16% for small vehicles. Light commercial vehicles are also expected to increase marginally from 4% to 5% in the same time period. Forecasts estimate that the proportion of medium-sized and large vehicles between 2020 and 2029 will decrease from 18% to 14% and 15% to 13% respectively. The AR6 WGIII report found that vehicle size plays a major role in determining vehicle emissions, with larger vehicles a significant driver of increased emissions.

The ‘Vehicle Size’ graph below outlines the previous and forecasted future size of vehicles produced by Hyundai Motor from 2020-2029 using IHS Markit data.

Fleet ZEV Percentage Comparison

Number of vehicles produced by all worldwide

Hyundai Motor’s zero-emission production & the IEA's 1.5°C scenario: Production data for Hyundai Motor in 2029 forecasts that only 27% of all its vehicles will be battery-electric vehicles (BEVs), and 0% fuel cell electric vehicles (FCEVs). This compares negatively to the IEA’s 1.5°C scenario for road transport, which assumes 57.5% of all light-duty vehicle sales in 2030 will need to be zero-emission vehicles (BEVs or FCEVs) to reach global net-zero by 2050.

The below graph compares automakers’ previous and forecasted production of zero-emission vehicles (BEVs and FCEVs), with the trend line extrapolated from the IEA’s 1.5°C scenario for road transport in 2030.

Hyundai Motor, Vehicle Emissions

The 'Fleet ZEV' graph below provides a simplified model of the companies’ current and future emissions based on combining EU vehicle emissions data with forecasted light-duty vehicle production data supplied by IHS, broken down by manufacturer, vehicle size, and technology type.

This model is not a definitive prediction of future emissions values for major vehicle manufacturers, but an estimation of future tailpipe emissions made using the best available emissions data. Future real-world emissions will likely vary depending on region, as well as granular differences between different vehicles that are not captured by the model. Additionally, as the model uses EU data, where produced cars typically have amongst the lowest CO2 emissions globally, it likely provides an underestimate of current and future CO2 emissions per manufacturer. Full details are available in the methodology.

The vehicle emissions data for Hyundai Motor, can be filtered by region using the dropdown below

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Fleet Efficiency

Estimated average emissions of all light duty vehicles produced worldwide (g CO2/km)

The 'Fleet Efficiency' graph below provides a simplified model of the companies’ current and future emissions based on combining EU vehicle emissions data with forecasted light-duty vehicle production data supplied by IHS. The three lines represent the estimated lab emissions (modeled on EU testing data) and estimated real-world emissions (based on research from the ICCT) for the company, alongside the green line, representing the IEA's well below 2 degree pathway in their Sustainable Development Scenario (SDS) for road transport

Fleet Efficiency Comparison

Estimated average emissions of all vehicles produced worldwide (g CO2/km)

The graph below compares the simplified emissions model data for the company from 2020-29, with other model data for other major global automakers.