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[Alpha Biz=(Chicago) Reporter Paul Lee] Hyundai Motor announced that it will sell only electric vehicles to the Norwegian market, which has a high preference for electric vehicles and a high proportion of sales.
As a result, Hyundai Motor focuses on Kona EV and IONIQ 5 in Norway and sells only IONIQ 5 N and mid-sized electric sedan IONIQ 6.
Norway's electric vehicle market is 600,000 units, which is not a big market with an "absolute size." However, it is an "overpopulation" market with 77.5% of electric vehicles in the market.
In addition, since more than 90% of Hyundai Motor's vehicles sold in Norway in recent years are electric vehicles, there is no problem with the "strategy of selling only electric vehicles."
Alphabiz Reporter Paul Lee(hoondork@alphabiz.co.kr)
