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Hyundai Motor to invest $85B over next 10 years to accelerate transition to smart mobility provider

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With IMA, the company expects to standardize modules and parts between the models to further expand economies of scale and significantly reduce EV development complexity and costs. The company is currently producing EVs in this way at its plants in the US, South Korea, the Czech Republic, and India. trillion (US$7.4

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EEA TERM Report Finds Efficiency Gains of Clean Vehicle Technology Being Offset By Ongoing Increases in Travel

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Based on analysis of long-term trends, a new European Environment Agency (EEA) report calls for a clear vision defining Europe’s transport system by 2050 and consistent policies to achieve it. Transport, including international aviation and maritime transport, accounts for around a quarter of total EU greenhouse gas emissions.

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EEA Report: Trends in European Transport Are Heading in the Wrong Direction

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Emissions of GHG have increased by 26% (EU-15) or 180 million tonnes between 1990 and 2006, excluding international aviation and marine transport—an amount larger than the entire annual national emissions for 2006 from Belgium (132 million tonnes) or Romania (157 million tonnes). Almost 67 million people (i.e. Transport at a crossroads.