Hyundai set a new sales record in the US in November 2024, driven by a significant surge in demand for its electric vehicles (EVs), led by the IONIQ 5. The company sold 76,008 vehicles last month, marking the best sales performance in its history in the US. Hyundai Motor America CEO Randy Parker attributed the growth to the increasing consumer preference for electrified vehicles, with EV sales rising by 77% year over year and hybrid sales up 104%.
The Hyundai IONIQ 5, one of the brand’s flagship EV models, played a key role in the record sales. The electric SUV saw its sales more than double, with 4,989 units sold in November—an increase of 110% from 2,372 units in November 2023 and an 11% jump from the previous record set in October 2024. Through the first 11 months of 2024, Hyundai has sold 39,805 IONIQ 5s in the US, reflecting a 30% increase compared to the same period last year.
“The growing demand for EVs and hybrid vehicles is a testament to the continued success of our lineup,” Parker said. Hyundai’s success also comes after launching the refreshed 2025 IONIQ 5, which includes upgraded features, enhanced range, and a more stylish design. The new model now offers up to 318 miles of range in its extended-range version and includes a Tesla-compatible NACS port for access to the Supercharger network.
The 2025 IONIQ 5 starts at $43,975 for the Standard Range model, while the extended-range variant begins at $46,550. For those seeking adventure, the rugged XRT trim is available, starting at $56,875. The upgraded interior features dual 12.3-inch screens and redesigned controls based on customer feedback. Hyundai is manufacturing the 2025 IONIQ 5 at its new EV plant in Georgia, with all US-built models qualifying for a partial $3,750 tax credit. Once the company’s battery plant opens next year, Hyundai expects these vehicles to qualify for the full $7,500 tax credit.
