Another automaker is making a huge step towards an all-electric future. South Korea’s Hyundai Motor Group will reportedly reduce its number of combustion-engined vehicles by 50 percent in the coming few years, according to Reuters who confirmed the plan with two inside sources. The decision to cut half of its fossil fuel-producing passenger vehicles was apparently made in March and an official announcement should be coming soon. In January, the automaker confirmed it was finished developing new diesels.
“It is an important business move, which first and foremost allows the release of R&D resources to focus on the rest: electric motors, batteries, fuel cells,” the person said, without giving a precise timeframe for the plan.