Hyundai reportedly ceases engine development, shifts focus to EVs

Good News Notes: “Hyundai Motor Group, responsible for the Genesis, Hyundai and Kia brands, is reportedly in the process of winding down development of internal-combustion engines to fully focus on electric powertrains. Citing industry sources, The Korea Economic Daily reported last week that HMG has closed the engine development department located at its main R&D center in…

Genesis Outlines Transition to EV, Fuel Cell Vehicles by 2030

Good News Notes: “Like many other auto brands as of late, Genesis has detailed its plans to convert to an electric vehicle fleet over the next few years. Beginning in 2025, the new vehicles the brand introduces will all be electric: Both battery electric and hydrogen fuel cell electric (i.e. no internal combustion). By 2030, all vehicles…