Hyundai Motors is planning to add a new vehicle to the Genesis vehicle lineup and this time it will not just be a regular luxury sedan but an all-electric model. A new Genesis Luxury electric vehicle is definitely on the automaker’s ‘to-build’ list, said the Senior Vice President Manfred Fitzgerald while talking at the auto show in Busan. He further added that the electric cars are the future of auto industry.

The reason to launch the Genesis Luxury Electric Vehicle is to differentiate the Genesis marque from other Hyundai brands. Only two models namely G80 and G90 have so far been launched under the Genesis nameplate. A diesel variant of the G80 will be introduced in the first half of the next year.

An electric vehicle will increase the popularity of the Genesis brand, as it is an important success factor in the luxury market, said Fitzgerald.