Hyundai is torn between what form of environmentally friendly automobile to bet on as its next enlargement engine.
The alternatives are electric or hydrogen-electric cars. The corporateused to be at one degree at the vanguard of global hydrogen-electric car building and set to beginadvertisement production. Yet then it shifted its center of attention to EVs.
Hydrogen-electric automobiles are powered viaelectrical energy produced when hydrogen reacts with oxygen in the air. They emit best water or eventake in fine filth in the air.
In 2013, Hyundai changed intothe primary automaker in the arena to roll out a heavily produced car powered by hydrogen gas cells. But a loss of charging stations and the W80 million price ticket stunted sales (US$1=W1,181). Cumulative sales amounted to only a few hundred globally.
But the less expensive EVs which are much more straightforward to recharge have surged in popularity, especially because the diesel emission scandal surrounding Volkswagen final year. Tesla has sold more than 320,000 gadgets of the recentmore cost-effectiveType 3 EV in exactly a week.
Hyundai executives were stunned and promised to roll out an EV that willgo back and forth more 320 km on a unmarried charge, in additionarising 28 green car items by 2020 to take dangle of the second-largest proportion of that marketplace worldwide.
Japanese automakers remain excited about hydrogen-electric cars. In overdue 2014, Toyota rolled out the Mirai for commercial production and has already raced forward of Hyundai in sales. Honda latelypresented the Clarity, and Nissan plans to apply suit next year.
Market watchers say Hyundai mayfinally finish upwastingeither races unless it is going to figure out where its priorities lie.
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