- Hyundai Motor achieved CO2 performance of 108.0g in 2021, well below the European Union’s emissions target
- Hyundai carries on its sales momentum in 2022 with an ever-increasing market share and a higher proportion of battery-electric vehicles in its sales mix
- Strong opening to 2022, characterised by 74,661 vehicle registrations and sales up 28.8 per cent in the first two months of the year, based on ACEA data
- Maintaining the trend from 2021, Hyundai’s market share in Europe increased to 4.6 per cent in the first two months of 2022
Hyundai Motor is one step closer to achieving full carbon neutrality by 2045. The company achieved a CO2 performance of 108.0g in 2021 in Europe, well below the European Union’s emissions targets.
This success was due in part to the ever-increasing proportion of zero-emission vehicles in the company’s sales. In the first two months of 2022, zero-emission vehicles made up 20 per cent of Hyundai’s sales in Europe, a 102 per cent increase compared to February 2021. To put things into perspective, zero-emission vehicles made up 14.1 per cent of Hyundai’s sales in Europe in 2021. The company is already well on its way to exceeding those numbers in 2022.
A major driver in this trend was IONIQ 5, the company’s fully-electric CUV and the first model of its IONIQ line-up brand, with 8,137 units sold in the first two months of 2022.
Zero-emission mobility is no longer a trend; it has become a necessity. With our strong and growing portfolio, we are making this mobility solution more attractive to a broader range of customers. IONIQ 5, the ten-time ‘Car of the Year’ winner across Europe, is a clear proof point. By offering smart and attractive mobility solutions with zero and low emissions at the tailpipe, we are not only exceeding our emissions targets, but are helping protect the environment.
Michael ColePresident and CEO of Hyundai Motor Europe
Zero-emission vehicles reflect overall sales trend
After a strong end to 2021, the sales trend for Hyundai vehicles continues in 2022. In January and February of 2022, 74,661 units of Hyundai vehicles were registered within the European Union, the European Free Trade Agreement, and the UK (EU+EFTA+UK). This was according to the latest numbers published by the European Automobile Manufacturers’ Association, or ACEA. It represented an increase of 28.8 per cent compared to the same period in 2021. In February 2022 alone, 37,032 Hyundai vehicles were registered in Europe, a 25.5 per cent increase over February 2021.
Not only did Hyundai beat its own sales performance from the same time period the previous year, the company also performed better than the industry trend. In the EU+EFTA+UK, 1,626,350 vehicles were registered in January and February of this year, which was down 3.9 per cent year-over-year.
The most popular Hyundai models in Europe in the first two months of 2022 were TUCSON, which made up 29.3 per cent of sales; KONA, which made up 21.4 per cent of sales; and i20, which achieved 11.1 per cent of sales. This includes both internal-combustion and electrified powertrains. TUCSON is available in hybrid and plug-in hybrid variations; KONA is available as an internal-combustion, a hybrid, and a battery-electric vehicle.
Meanwhile, IONIQ 5 now commands an impressive portion of Hyundai’s sales mix, considering that it was launched just one year ago. Currently, Hyundai’s flagship BEV accounts for 10.3 per cent of sales.
Record market shares in key European markets
By outperforming the market, Hyundai’s market share is steadily increasing in Europe. In the same month, Hyundai vehicles made up 4.6 per cent of the European market – 1.1 percentage points higher than February 2021, and 0.2 percentage points higher than 2021 overall.
In 2021, the company’s market share was one percentage point higher than the year before, meaning these numbers are indicative of an ongoing trend as Hyundai strengthens its foothold in Europe.
Top drivers of these market share results included Spain and the UK, which achieved record market shares for the first two months of 2022 at 6.0 and 5.0 per cent, respectively. This represented year-on-year growth of 37.5 per cent for Spain and 100.6 per cent for the UK.
Germany, meanwhile, increased its market share by 0.3 percentage points to 3.7 per cent compared to February 2021.
Road to electrification
The achievements of meeting its CO2 targets and increasing its proportion of zero-emission vehicles throughout Europe are no accident, but part of an intentional, ongoing strategy towards electrification and a transformation to becoming a Smart Mobility Solutions Provider. Hyundai continues to lead the industry in terms of electrification, and it offers the broadest range of powertrains of any manufacturer – from internal-combustion and mild hybrid to plug-in hybrid, hybrid, battery-electric, and even fuel cell electric vehicles.
Globally, Hyundai plans to sell 1.87 million battery-electric vehicles and achieve a seven per cent market share by 2030.