|25th February 2020, 12:32||#1|
Senior - BHPian
Join Date: Jul 2017
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Hyundai to unveil mass-market EV concept at 2022 Auto Expo
According to a media report, Hyundai plans to unveil a mass-market electric vehicle (EV) concept at the 2022 Delhi Auto Expo.
The report also states that Hyundai is working on increasing the percentage of locally sourced parts in its EVs. The company aims to have over 90% local content in its EVs. It is also in talks with battery suppliers including LG Chem to procure batteries for the local market.
From April 2021, the government of India is set to hike customs duty on EVs imported via the CKD route from 10% to 15%. The duty on imported battery cells is also set to increase from 5% to 10%. This has forced brands like Hyundai to push for more localisation.
At present, Hyundai offers the Kona EV in India. It uses a 39.2 kWh battery that powers an electric motor that has an output of 134 BHP and 395 Nm.
Link to Team-BHP News
|25th February 2020, 15:39||#2|
Join Date: Apr 2015
Thanked: 5,065 Times
Re: Hyundai to unveil mass-market EV concept at 2022 Auto Expo
Whoever is going to be aggressive with EV models is gonna run away with the segment. I hope by mass market Hyundai means below ₹ 10 lakh cars. Wish the government comes up with enough support for both manufacturers and customers of EV.
However, the elephant in the room as far EV goes is the huge replacement cost for the battery pack. Even though the running cost is very low, the battery replacement cost along with the premium they cost, there isnít a convincing financial argument for EV. I hope the manufacturers will be able to bring down the cost or come up with battery packs that live longer.