In case you’re seeing extra electrical Hyundai SUVs out and about, it’s not simply you. Hyundai Motor America offered a report variety of IONIQ 5 fashions in Might as EV gross sales proceed trending increased.
Hyundai IONIQ 5 is on a sizzling streak with report Might gross sales
After launching within the US in 2022, Hyundai’s first devoted EV, the IONIQ 5, has continued climbing the gross sales charts.
With almost 34,000 fashions offered, the IONIQ 5 was the sixth best-selling EV within the US final 12 months. It was solely outsold by the VW ID.4, Ford Mustang Mach-E, Chevy Bolt EV, Tesla Mannequin 3, and Tesla Mannequin Y.
Hyundai has continued its sizzling streak this 12 months regardless of discuss of an “EV slowdown.” IONIQ 5 gross sales reached a brand new report in March, with 3,361 fashions offered, up 58% 12 months over 12 months (YOY).
The expansion pushed Hyundai to a brand new first-quarter EV gross sales report, climbing 62% YOY. In April, Hyundai offered 3,702 IONIQ 5s, up 59% YOY.
Hyundai has carried the momentum into Might, with IONIQ 5 gross sales reaching 4,449, setting one other new month-to-month report. By means of the primary 5 months of the 12 months, almost 15,000 IONIQ 5s have been handed over to prospects within the US. That’s up 43% from the ten,505 offered right now final 12 months.
January | February | March | April | Might | 2024 YTD Complete | % Chg YTD | |
Hyundai IONIQ 5 gross sales | 1,465 | 1,993 | 3,361 | 3,702 | 4,449 | 14,973 | +43% |
Gross sales of the IONIQ EV model have been up 42% in Might, with 1,099 IONIQ 6 fashions offered. Hyundai IONIQ 6 gross sales are additionally up 188% YOY by way of Might.
In an unique interview with Electrek final month, Hyundai America CEO Randy Parker mentioned the automaker is “humble and hungry” to separate itself from EV rivals.
The automaker already has six of the highest ten most fuel-efficient EVs within the US this 12 months, in accordance with the US Division of Power, however Parker defined Hyundai goals to provide customers much more confidence.
Hyundai needs to provide consumers the arrogance to go electrical with long-range, fast-charging, and boldly designed EVs, just like the IONIQ 5, IONIQ 6, and upgraded Kona Electrical.
Hyundai is opening its first EV and battery plant within the US later this 12 months, which is anticipated to spark much more momentum.
As soon as EV manufacturing is prepared on the plant in October, Hyundai will start assembling the IONIQ 5 within the US. Though the battery unit will open a few 12 months later, Hyundai expects the IONIQ 5 to turn into eligible for the $7,500 tax credit score. Within the meantime, Hyundai has been passing the credit score on by way of leasing.
Hyundai EV drivers can even have entry to Tesla’s Supercharger community by the tip of the 12 months. Parker mentioned Hyundai will start transport NACS adaptors out in Q1 2025.
Electrek’s Take
Regardless of US rivals like Ford and GM pulling again on EV initiatives, Hyundai is doubling down on its technique, Parker advised Electrek.
Hyundai’s EV gross sales are already outpacing these of its rivals. What is going to occur when US manufacturing begins, and Hyundai’s EVs acquire entry to the $7,500 federal tax credit score?
With a number of the most inexpensive and fuel-efficient EVs in the marketplace already, Hyundai is making its presence recognized. The upgraded 2024 Kona Electrical with extra vary, quicker charging, and a smooth new design begins at below $33,000. Hyundai’s IONIQ 6 begins at $37,500, whereas the IONIQ 5 begins at $41,800. All of that are listed with a $7,500 Featured Money Supply.
The automaker’s first three-row electrical SUV, the IONIQ 9, is anticipated to make its world debut later this 12 months. Hyundai’s bigger electrical SUV has already been noticed testing within the US (see the video right here).
In case you’re able to see what Hyundai’s electrical autos are all about at a number of the lowest costs but, we might help you get began as we speak. You need to use our hyperlinks beneath to search out offers on Hyundai EV fashions at a vendor close to you.