Hyundai Creta goes electric

South Korean car manufacturer hyundai represents a new “Creta EV” for the mass market in one of the fastest growing electric vehicle markets.

New Hyundai Creta EV launched in India

The Hyundai Creta EV is expected to be launched in India by the end of next year. According to Autocar India, the new electric vehicle will become a fast-growing EV segment in the country’s mass market. Hyundai pioneered in India when it launched the IONIQ 5 and Kona EV, but both are considered premium. That will change in the next two years.

According to the report, the Hyundai Creta EV will be equipped with a 45 kWh battery from LG Chem. The electric car will ride on a modified platform shared with the gasoline model. Other sources say the new electric vehicle will share a platform with the new one Kona Electricwhich is available worldwide.

The new electric vehicle will take on rivals including the ZS EV MG and the upcoming Maruti eVX. Both models have larger batteries, 50.3 kWh and 48 kWh. Meanwhile, it will surpass Tata Motors’ best-selling Nexon EV with a 40.5 kWh battery.

Hyundai Creta will be launched in the market which aims to be the leader in electric cars

The news comes amid the Indian government’s announcement that it wants to be a leader in electric vehicles by 2030. Kamran RizviSecretary, Ministry of Heavy Industries said, “India will be a global giant in all electric vehicle (EV) sectors by 2030.

India’s electric vehicle market is one of the fastest growing globally. Although more than 90% of India’s million-plus electric vehicle owners are two- or three-wheelers (such as electric bikes, scooters and rickshaws), A mass electric car makes sense for Hyundai.

While many countries such as China and the UK are withdrawing incentives, India continues to push for electric vehicles. Electric vehicle sales more than doubled to more than $75,000 in the first nine months of the year. Although the share of electric vehicles remains small at 2.4%, about 86% of sales were electric vehicles under $20,000.

The Indian market is a market that is highly sought after by car manufacturers

A cheaper, mass-market electric car would complement Hyundai’s range of electric cars in the region. The Hyundai Creta EV is expected to do just that. Last month, Hyundai has announced that it has delivered its 1,100th Hyundai IONIQ electric SUV in India as it expands the brand.

Meanwhile, Hyundai is not the only carmaker looking to invest in India. Tesla CEO Elon Musk said it is “highly likely” that the electric car leader will make a major investment in the country. A Bloomberg report indicated that Tesla was closing a $2 billion factory last year. Moon.

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