Hyundai dealers have been shown five new SUVs and vans which will be heading to their dealerships in the coming years as as the vehicle manufacturer targets more than 420,000 annual EV sales across Europe.
There will be 41 new or refreshed models due in Europe by 2030, it revealed at the Hyundai’s 2026 CEO Investor Day, and globally it plans to launch or refresh more than 100 models in the same period.
In Europe, vans and light commercial vehicles are a “white space” where the brand is under represented, Hyundai’s bosses said.
Hyundai UK has dabbled with LCVs in the past, selling the iLoad panel van here in the 2010s. But its sister brand Kia has already pushed into LCV sales, through its PBV network.
José Muñoz, Hyundai’s global president and chief executive, said: “Our fundamentals have never been stronger. Hyundai Motor Group is the third-largest automotive group and the second-most profitable, which gives us the ability to invest while others are pulling back.
“We are bringing more than 100 new models to market by 2030 with multiple powertrain options and raising our operating margin above 9 percent. We are leveraging partnerships to scale new technologies and opportunities and becoming a physical AI company which will produce and deploy robots and robotaxis.”
Hyundai currently expects electrified vehicles to account for 60% of its global sales by 2030, compared with 23% in 2025, and it will go further in Europe, to increase annual EV sales from 116,000 in 2025 to more than 420,000 by 2030.
To do that, it wants a product portfolio of fully electrified vehicles that covers 85% of the market.
The first products in the European offensive include the new Ioniq 3, an all-new B-segment SUV for Europe and the next-generation Tucson and Tucson Hybrid.
The Ioniq 3 has already started sales in Europe, with a claimed range of 309 miles.
Hyundai’s wider strategy is based on offering multiple powertrain options rather than relying exclusively on battery-electric vehicles – the manufacturer is targeting 5.55 million global vehicle sales by 2030, with electrified vehicles expected to account for 60% of the total, up from 23% in 2025.
In 2027 it will introduce its first extended-range electric vehicle (EREV) in the first half of 2027. Built in America, which is a vital market for Hyundai, the first model will be the Santa Fe EREV.
Hyundai has has not announced whether this particular model will be offered in the UK.
Genesis, Hyundai’s premium brand, is also planning an EREV SUV.
Hyundai is also targeting improvements in battery technology that could eventually help reduce the cost of electrified vehicles.
The company has developed its own battery cells, which it says deliver more than twice the output of its previous high-nickel cells while reducing charging times by 40%.
EV models launching next year will use mid-nickel NCM cells, which Hyundai says can reduce battery costs by around 30% while maintaining performance in real-world driving.
It also plans to use an enhanced cloud-based battery management system to increase average EV battery life by 20% by 2028.