Hyundai Motors’ luxury brand Genesis said on Thursday it would cut out all gas-powered cars by the end of the decade and that its luxury vehicles debuting 2025 onwards will operate on fuel cells and batteries.
Genesis, which was introduced as Hyundai’s standalone luxury division in 2015 to rival with premium brands such as BMW, Mercedes and Lexus, joins other automakers who are keep to invest in electric vehicles.
The automaker, which represents for just above 3% of Hyundai’s overall vehicle sales, said it would develop eight electric vehicle models with worldwide sales expected to reach 400,000 units annually.
Hyundai Motor on Thursday revealed Genesis’ first electric vehicle, the GV60, which will be released this year in South Korea and begin deliveries in North America by 2022.
