Automaker Hyundai is reportedly planning to invest $28 billion over the next decade to accelerate its electrification efforts and adopt Elon Musk-run Tesla’s charging network for all future electric vehicles (EVs) in the US. Thinking. Hyundai aims to increase its electric vehicle share from 8 percent this year to 34 percent by 2030. Furthermore, the report states that Hyundai’s latest electric cars, such as the Ioniq 5, operate at higher voltages than Tesla’s, meaning they cannot charge as quickly on Tesla’s Supercharger network, which Works on low voltage.
The company’s CEO said he plans to consult with Tesla to see if a faster charging option can be made available. Tesla’s network of Superchargers accounts for about 60 percent of all EV charging stations in the US.
Earlier this month, automaker General Motors (GM) announced that it will integrate Tesla’s electric vehicle (EV) charging standard into its future EVs. GM tweeted, “We’re working closely with Tesla to enhance your electric vehicle experience. More charging stations, less range worry, more sustainable travel. It’s about your convenience, not our competition.” No.” The agreement between the former rivals comes less than two weeks after Ford announced a similar collaboration.
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In February, the US administration unveiled a new initiative to install 500,000 electric vehicle chargers on US roads by 2030 as part of its $7.5 billion plan, and as part of this, Tesla moved 7,500 of its charging stations to non- Tesla has committed to opening up to vehicles. By the end of 2024.
However, in the Indian market, the South Korean brand is gearing up for the launch of the Hyundai Exter. The compact SUV has been digitally revealed with several segment-first features. With its boxy proportions, the Exeter will take on the Tata Punch, Citroën C3 and the Maruti Suzuki Fronx. As far as the Exeter is concerned, its styling will play a key role in its success.