Hyundai Motor America continues to dominate the US electric vehicle (EV) market with record-breaking sales figures for its Ioniq 5 and Ioniq 6 models in the second quarter of 2024. The company’s commitment to offering long-range EVs at competitive prices has resonated strongly with American consumers, driving unprecedented growth.
In a standout performance, Hyundai sold 3,755 units of the Ioniq 5 in June alone, marking a 20% increase compared to the previous year and setting a new June sales record. Despite a slight dip from May’s figures, the Ioniq 5 contributed significantly to Hyundai’s overall success in the second quarter, achieving a record-breaking 11,906 units sold, up 51% year-over-year.
The momentum extended to Hyundai’s Ioniq 6, which also achieved a new Q2 sales record with 3,266 units sold, reflecting an 8% increase compared to the previous year. Overall, Hyundai’s EV sales surged by 15% in the second quarter, underscoring the growing popularity of their electric offerings in the US market.
Commenting on the success, Hyundai Motor America CEO Randy Parker highlighted, “The strong demand for the IONIQ 5 played a pivotal role in driving our growth in Q2.” The model’s affordability and impressive range, up to 303 miles on a single charge, have made it particularly appealing to American consumers.
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In a noteworthy comparison, the 2024 Hyundai Ioniq 5 SEL RWD, with its competitive leasing offer of $229 per month for 24 months, has proven more affordable to lease than the Nissan Versa, despite the Versa’s lower starting price. This pricing strategy has further bolstered Hyundai’s position in the EV market, attracting budget-conscious consumers looking for cost-effective and environmentally friendly transportation options.
