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Hyundai Motor Group to invest $7.4B in US by 2025 for EVs, smart mobility, enhanced production

Green Car Congress

Hyundai Motor Group signed an MOU with the US Department of Energy in February 2020 to cooperate in hydrogen fuel cell technology innovation and global expansion. This included the installation of a hydrogen refueling station and providing NEXO SUVs.

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What is Decarbonization?

Driivz

Decarbonization efforts focus on replacing fossil fuels with low-carbon or no-carbon energy sources for the transportation, electricity generation, industry, agriculture, commercial (buildings and cooling/heating), and residential sectors. The degree of CO2 emission reduction in transport depends on the source of the electricity powering EVs.

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