11/14/2024
In a year where global climate concerns are hotter than ever, one man stands out as a true trailblazer in the automotive industry’s journey toward sustainability. José Muñoz, President and Global COO of Hyundai Motor Company and CEO of Hyundai and Genesis Motor North America, has been honored on the prestigious 2024 TIME100 Climate List. This recognition cements Muñoz’s place among the world’s top climate-action innovators, and it’s a huge win not just for Hyundai but for advocates of a greener, electrified future.
Driving Toward Electrification: Hyundai’s Big Ambitions
While some auto manufacturers have been wavering on their EV (electric vehicle) promises, Hyundai is hitting the gas – or rather, the electric pedal. Under Muñoz’s leadership, Hyundai has doubled down on its commitment to electrification. The company has managed to capture nearly 10% of the U.S. EV market, making it the second-largest player behind Tesla. And if you’re looking for validation, Hyundai’s EVs have claimed the coveted title of “World Car of the Year” for two consecutive years, a testament to both their innovation and performance.
“It’s an honor to be recognized among this group of world leaders in efforts to improve the environment,” Muñoz remarked. “At Hyundai, we believe we have a responsibility to act on climate change, and we’re doing just that by leading the transition to electric vehicles and investing in hydrogen and battery technology.”
Electrification Meets Ambition: Hyundai’s Bold Goals for 2030
Hyundai has ambitious targets for the next decade. By 2030, it aims to roll out 21 different EV models and sell 2 million electric cars per year globally. Beyond pure EVs, Hyundai is expanding its lineup of hybrid electric vehicles (HEVs) and plans to introduce hybrid options for the Genesis luxury brand. It’s a daring bet on the future of clean energy, and Hyundai is putting its money where its mouth is, with a whopping $12.6 billion investment in a new Georgia facility dedicated to EV and HEV production.
This strategic move is about more than just meeting demand; it’s part of Hyundai’s holistic approach to climate responsibility. With operations that span from an advanced manufacturing plant in Alabama to cutting-edge R&D facilities in the U.S., Hyundai is not only contributing to a greener automotive landscape but also boosting the American economy, generating $20.1 billion annually and supporting 190,000 jobs.
Real Climate Action, Not Just Talk
TIME’s editorial team chose leaders for the 2024 Climate List based on their tangible, measurable impact on the climate landscape. This year’s honorees didn’t make the list just for announcements or promises – they had to show action. And Muñoz’s track record of tangible achievements at Hyundai made him a natural fit. Hyundai isn’t just moving the needle; they’re redefining what it means to be an eco-conscious automaker.
Hyundai’s green strategy extends beyond EVs. The company is also a major advocate for a hydrogen-powered future and smart city initiatives, believing that technology has the power to transform urban living into an eco-friendly experience. As part of Hyundai’s “Progress for Humanity” vision, they’re working to provide the next generation with clean air, preserved natural landscapes, and a sustainable planet.
The Titans of Climate Action: Muñoz Joins an Elite Circle
Muñoz is in good company on the TIME100 Climate List, joining other celebrated leaders like philanthropist Bill Gates, U.S. Secretary of Energy Jennifer Granholm, and even Prince Harry, The Duke of Sussex. These are individuals and visionaries from various fields, all driven by the urgent need to address climate challenges in unique and impactful ways. TIME’s list includes categories like Titans, Catalysts, Innovators, Leaders, and Defenders – and with his relentless drive for a sustainable automotive future, Muñoz sits firmly among the Titans.
The Road Ahead: A Brighter, Greener Future
Muñoz’s inclusion in the TIME100 Climate List shines a light on Hyundai’s mission to build a cleaner, more sustainable future. With an award-winning EV lineup, substantial investments in new technology, and a passion for innovation, Hyundai is not just following the EV trend; they’re helping shape it. Houston, take note – the next time you see a Hyundai EV cruising by, you’re witnessing a vehicle that’s part of a much larger, meaningful shift towards a better planet.
As we face mounting climate challenges, leaders like Muñoz remind us that impactful change is possible. They show that with innovation, investment, and a genuine commitment to sustainability, the automotive industry can become a force for good. Hyundai is leading the charge, and thanks to visionaries like Muñoz, our roads and skies just might be a little bit cleaner for the next generation.
For more on the TIME100 Climate List, visit time.com/time100-climate