Hyundai announces a $51 billion investment over three years in South Korea to boost electric vehicle production and new mobility business, along with hiring 80,000 new employees. This move comes as electric vehicle sales have surpassed a critical tipping point for mass adoption in 31 countries, including Australia, Thailand, and Turkey.
NEWS: 31 countries have surpassed a pivotal EV tipping point: when 5% of new car sales are purely electric. This threshold signals the start of mass adoption, after which technological preferences rapidly flip - Bloomberg https://t.co/IdD7H6JMMW
EVs cross adoption tipping point in 31 nations https://t.co/Ce21PI2Rz3
Good morning with good news: Thirty-one nations pass 5% market share for fully electric vehicles, the tipping point for mass adoption! Examples are Australia 9.5%; Thailand 12.6%; Turkey 12%. Chart is partial list, BEVs, no PHEVs. EV adoption is global! https://t.co/e5UQA4g9a2 https://t.co/O2Xq465DZa
By the end of last year, 31 countries had surpassed what’s become a pivotal EV tipping point: when 5% of new car sales are purely electric. https://t.co/qXXNKoDiBF
Electric cars pass the tipping point to mass adoption in 31 countries https://t.co/KFKg9F44dc via @tsrandall https://t.co/O9avnULXg1
Sales of electric vehicles have now passed a critical tipping point for mass adoption in 31 different countries, according to a Bloomberg Green analysis https://t.co/SPC7DkQTJM
NEWS: Hyundai says it will invest $51 billion over three years in South Korea to ramp up electric vehicle production and new mobility business and separately hire 80,000 new employees, doubling down at a time when other automakers are slowing efforts. https://t.co/6MsSmKOquB