BUSINESS

Hyundai Motor to release Ioniq in Europe in H2

By Korea Herald
  • Published : May 19, 2016 - 15:17
  • Updated : May 19, 2016 - 15:17

Hyundai Motor, the nation’s largest automaker, said Thursday it will release Ioniq models in Europe in the second half of this year.

Although details were not revealed, the automaker is preparing to bring its environment friendly Ioniq lineup into about 15 European countries.

Hyundai Motor’s Ioniq hybrid model (Hyundai Motor)

“Europe is an appealing market for the Ioniq models since it emphasizes the importance of environment,” said a company official.

“We’ll first bring electric models into the market and then launch the hybrid version,” added the official.

Industry watchers expect the launch date to be in September.

According to the company, the sales of Ioniq EVsl will significantly benefit from the European Union’s policies, which promote the use of eco-friendly cars.

Many European countries, including Britain, Germany and France, give out subsidies to EV buyers, while lowering taxes to boost electric car sales.

By Hong Sung-pyo (hong1@heraldcorp.com)


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