The popularity of electric cars is growing, and South Korean automaker Hyundai Motor Co. says it will launch its first rechargeable battery-powered car in 2016.
Hyundai tested electric vehicles with the small-scale, Korea-only release of the BlueOn in 2012, but it never reached global production levels. Meanwhile, it also offered hydrogen fuel cell cars, while its affiliate Kia Motors Corp offers electric vehicles more broadly. Both companies now plan to expand to include both types of alternative energy vehicles.
“There is no clear direction about which eco-friendly cars will win. We are dividing roles of Hyundai and Kia, with Hyundai launching fuel cell cars and Kia focusing on electric cars…But the time will come when Kia will introduce a fuel-cell car. Hyundai is also preparing to launch an electric car in 2016,” Senior Vice President Lee Ki-sang told Reuters.
The Biggest Job Crisis (Ever)
Automation in factories didn’t cause an immediate wave of unemployment. Rather, it slowly lapped away at the receding labor shoreline. As technology gets cheaper, jobs once done by human hands are automated. While we’re still many years away from a fully robotic workforce, robot stocks are doing extremely well.