24/10/2026
Hyundai Motor CEO José Muñoz believes the global slowdown in electric vehicle demand has passed. Speaking at the company's 2026 CEO Investor Day in Seoul on August 26, he said the market is recovering, although the pace of adoption varies from country to country.
“There is no longer an EV chasm in the global market; only the pace differs by country,” Muñoz said.
Hyundai is backing that outlook with an ambitious European expansion plan. The company aims to increase its annual EV sales in Europe from 116,000 vehicles in 2025 to more than 420,000 by 2030.🚘⚡