Hyundai Motor said on Monday its U.S. electrified vehicle sales jumped 50% in July from a year earlier, making up 32% of the company’s retail sales for the month, as strong demand for the Ioniq 5 electric SUV pushed volumes to record levels.
The South Korean automaker sold 79,543 vehicles in the United States in July, up 15% year-on-year, marking its best July since entering the market in 1986. Electrified models, which include battery electric vehicles (EVs) and hybrids, drove much of the growth.
Sales of the Ioniq 5 rose 71% to 5,818 units, its best monthly result to date. Through the first seven months of 2025, Hyundai has delivered nearly 25,000 units of the model in the U.S. “Electrified vehicle sales reached new heights,” the company said, noting that several nameplates posted all-time monthly sales records.
The 2025 Ioniq 5, built at Hyundai’s EV plant in Georgia, features an extended driving range of up to 318 miles, upgraded infotainment, and a built-in NACS port for access to Tesla Superchargers. Production at the same facility also includes the three-row Ioniq 9, with 1,073 units sold in July. The Ioniq 6 sedan sold 949 units, up 22% year-on-year, though year-to-date sales are down 5%.
Both the Ioniq 5 and Ioniq 9 remain eligible for a $7,500 federal EV tax credit until the end of September. Hyundai avoided a 25% tariff under a new U.S.–South Korea trade agreement, which it called a “historic win,” though it still faces a 15% import duty.
To capitalise on incentives, Hyundai is offering promotional lease rates, with the 2025 Ioniq 5 starting at $179 per month and the Ioniq 9 at $419. The automaker is also providing a complimentary ChargePoint Level 2 home charger with new purchases or leases of the models.