Plugged in: Redefining Mobility - The powertrain perspective of South Korea

In this episode of the Automotive Podcast Series by S&P Global Mobility, our program host, Gaurav Vangaal, will be joined by Ryan Sangmin Lee our South Korean expert on Light Vehicle Powertrain forecasts. With South Korea being the sixth largest light vehicle producer, the discussion focuses on the evolving powertrain landscape, particularly the shift towards electric vehicles (EVs) and hybrids. Ryan highlights the anticipated production mix by 2031, predicting 36% battery electric vehicles (BEVs) and 37% full hybrids, reflecting a balanced approach to electrification. The conversation also delves into Hyundai's strategic flexibility in adapting to market demands amid rising competition from Chinese automakers. Key challenges, such as safety concerns over EV-related fires, are addressed, emphasizing the need for reliable battery technologies to restore consumer confidence.

If you have questions for the hosts, please email AskMobility@spglobal.com.