Hyundai to add hybrids at EV-only plant as rising demand throws a curveball

Hyundai's Response to Rising Demand

is adapting to the surge in hybrid demand by adding hybrid production lines at its dedicated EV plant in Georgia.

This decision comes after hybrids accounted for a larger share of sales in the first quarter,

prompting the need to cope with the increasing hybrid demand.

Rising Hybrid Demand

In the first three months of 2024, hybrids accounted for a larger portion of sales in major markets, including Korea, the US, and Europe.

Meanwhile, Hyundai's EV sales share fell in these markets compared to the previous year.

Future Plans

Hyundai's Metaplant in Georgia is expected to begin production in Q4 and will have the capacity to build 300,000 EVs annually, expandable to 500,000 if needed.

The automaker also plans to introduce its first three-row electric SUV, the IONIQ 9, later this year.

Closing Note

With Hyundai's commitment to meeting the growing demand for hybrids and EVs,

now may be the best time to explore the deals on Hyundai EVs at a dealer near you.