Photo: Hyundai
Over the past couple of years, we’ve seen an increase in the number of projects aimed at developing machines that can generally be described as flying cars. With a few notable exceptions, most of these projects are run by either mobility or aerospace industry companies.
So far, carmakers have stayed clear of the concept of air mobility, and they all manifested a marginal interest in this emerging market. Needless to say, none have committed to having a flying vehicle up and running in the foreseeable future. Until now.
This week, South Korean carmaker Hyundai presented its business plan for the next five years, and somewhere in there, lost between promises of world domination by means of electric cars, is the promise of a Personal Air Vehicle (PAV).
More to the point, as per the provisions of the plan it calls Strategy 2025, Hyundai has committed to having flying cars in the air five years from now at the latest, complete with the services needed to run them.
“Hyundai Motor will develop Urban Air Mobility (UAM) platform business by combining Personal Air Vehicle (PAV) and mobility services,” the document reads.
It’s unclear at this point what exactly PAVs mean for the real world, but given current trends they’ll probably be VTOLs. The biggest difference compared to the others is they’ll be the first to wear the badge of an established carmaker.
Separately, Hyundai will continue the electrification offensive and has announced its next targets: it plans on selling 670,000 full-electric cars, aiming to become one of the top three carmakers in the world in this segment by the period's end.
Also, by 2030 Hyundai says it plans on having most new models with electric drivetrains in all major markets, and by 2035 in emerging ones.
The full scope of Hyundai’s business plan, including the financial aspects, can be found in the press release section below.
This week, South Korean carmaker Hyundai presented its business plan for the next five years, and somewhere in there, lost between promises of world domination by means of electric cars, is the promise of a Personal Air Vehicle (PAV).
More to the point, as per the provisions of the plan it calls Strategy 2025, Hyundai has committed to having flying cars in the air five years from now at the latest, complete with the services needed to run them.
“Hyundai Motor will develop Urban Air Mobility (UAM) platform business by combining Personal Air Vehicle (PAV) and mobility services,” the document reads.
It’s unclear at this point what exactly PAVs mean for the real world, but given current trends they’ll probably be VTOLs. The biggest difference compared to the others is they’ll be the first to wear the badge of an established carmaker.
Separately, Hyundai will continue the electrification offensive and has announced its next targets: it plans on selling 670,000 full-electric cars, aiming to become one of the top three carmakers in the world in this segment by the period's end.
Also, by 2030 Hyundai says it plans on having most new models with electric drivetrains in all major markets, and by 2035 in emerging ones.
The full scope of Hyundai’s business plan, including the financial aspects, can be found in the press release section below.
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