Hyundai Motor America has reported record-breaking sales figures for February 2023 in the United States. The automaker sold 57,044 vehicles, up almost 9% from the same period the previous year. This year, Hyundai has sold 109,045 units, a 9% increase from the previous year.
The Hyundai Ioniq 5, which recorded sales of 2,074 in February 2023, saw a 19% decrease compared to the same month last year. However, it was the model’s best performance since June 2022, without the inclusion of the $7,500 federal tax credit. The Ioniq 5 represented 3.6% of the total sales volume.
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Although sales figures for the Hyundai Kona Electric are unknown, the automaker claims that its volume has increased by a whopping 753% year-over-year. This could be due to a low base in February 2022. Meanwhile, the all-new Hyundai Ioniq 6 is slated to hit the market in Spring 2023.
Sales of the Hyundai Ioniq 5 have reached 3,622 in the US so far this year, a 2% increase year-over-year. In 2022, the model’s total sales amounted to 22,982, accounting for approximately 3.2% of the total sales volume.
Hyundai plans to introduce more electric cars and increase sales of all-electric vehicles in the long run. However, the company may face temporary setbacks such as the Inflation Reduction Act of 2022, which has removed the $7,500 federal tax credit for imported battery-electric vehicles.
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To overcome this challenge, Hyundai intends to manufacture electric vehicles locally in the US to qualify for local EV incentives. However, official statistics do not include sales results of other all-electric or plug-in hybrid models such as the Kona Electric, Ioniq Electric, Ioniq Plug-In, Santa Fe PHEV, and Tucson PHEV, as they are grouped with conventional or non-rechargeable hybrids.
Finally, the hydrogen fuel cell model Hyundai Nexo sold 28 units in February 2023, an increase of 12% from the previous year. The automaker has delivered 44 units this year, a 17% decrease from the previous year.
