Overall, sales of the Ioniq 5 represented about 2.2 percent of Hyundai’s total volume, which is also the lowest level since the model’s launch.
Hyundai did not reveal the reason why sales of the Ioniq 5 model experienced a sharp decline in September 2022.
Hyundai Motor America also announced a $1,500 price increase for the 2023 version of the Ioniq 5, which could impact demand.
To date, sales of the Hyundai Ioniq 5 in the US have exceeded 18,000 units and the South Korean company says it is still on track with sales of the model.
Unfortunately, the statistics above do not include the 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 calculated together with conventional or non-rechargeable hybrids.