Hyundai to Double Hybrid Lineup as Demand for Pure EVs Wanes

Hyundai Motor Co. plans to double its lineup of hybrid cars and introduce its first extended-range electric vehicle as demand for pure EVs slows.

Unveiling its new strategy at its 2024 investor day Wednesday, the world’s third-biggest carmaker said it will increase the number of hybrids in its lineup to 14 — moving beyond compact and mid-size cars to add large and luxury vehicles. However, it kept its EV sales target unchanged at 2 million a year by 2030.