Hyundai has launched an all-electric version of its i10 city car at the Frankfurt motor show.
The zero-emission Hyundai i10 Electric will be available to lease in the firm’s native Korea from the second half of 2010 before going into full production in 2012.
The i10 Electric marks a change in strategy for Hyundai, which has previously distanced itself from producing all-electric vehicles in favour of hybrid and hydrogen fuel-cell technology.
“We were going to do hybrid cars as a bridge before hydrogen technology really took off,” said a source. “But we recognise there is a future now in electric technology.”
Another reason for the sudden launch of the electric i10, which has been developed in “months” according to one executive, is the introduction of tax incentives for electric cars in Seoul. Previously there were no fiscal stimuli for such cars but this has now changed and Hyundai is keen to take advantage of this.