## Hyundai’s José Muñoz Recognized as a Climate Action Leader by TIME100
Hyundai Motor Company’s commitment to electrification has earned its President and Global COO, José Muñoz, a prestigious spot on TIME Magazine’s 2024 TIME100 Climate list. This list recognizes the 100 most innovative leaders driving business climate action across the globe.
Muñoz was lauded for his leadership in spearheading Hyundai’s ambitious transition to a sustainable future, particularly in the United States. He emphasized Hyundai’s active role in addressing climate change, going beyond the typical commitments of other companies. “At Hyundai, we are proud to be leading the electric vehicle transition in the U.S. through our investments in EV manufacturing and our award-winning EV lineup,” Muñoz said. “We have the unwavering belief that we, as an automaker, have to be more active when responding to climate change than companies in other industries.”
Hyundai’s dedication to electrification has been unwavering even as other car manufacturers have scaled back their electric vehicle ambitions. This commitment is evident in Hyundai’s continued investment and its significant market share. The company currently holds around 10% of the U.S. EV market, second only to Tesla. Hyundai’s EVs have also been recognized with numerous accolades, including being named “World Car of the Year” for two consecutive years.
Looking towards the future, Hyundai has ambitious goals. By 2030, the company aims to offer 21 different EV models and sell 2 million EVs globally each year. Furthermore, Hyundai plans to double its hybrid electric vehicle (HEV) model lineup, from seven to 14, and introduce hybrid models for its Genesis brand. To support this growth, Hyundai is investing a substantial $12.6 billion in Georgia to expand its EV and HEV production in the U.S., meeting the surging demand for sustainable transportation.
Hyundai’s commitment to a sustainable future extends beyond just electric vehicles. The company is actively investing in new battery and hydrogen technologies, demonstrating its commitment to a multi-faceted approach to achieving carbon neutrality.
The TIME100 Climate list celebrates individuals and organizations making tangible progress in influencing the business of climate change. This year’s list features diverse leaders from across the world, including Bill Gates, Prince Harry, Jennifer Granholm, and many more. The list is categorized by “Titans”, “Catalysts”, “Innovators”, “Leaders”, and “Defenders”, recognizing the diverse approaches to combating climate change.
Hyundai’s recognition on the TIME100 Climate list highlights the company’s leadership in the fight for climate action. Through its unwavering commitment to electrification and its ambitious goals, Hyundai is paving the way for a sustainable future.
