Hyundai is displaying no indicators of slowing down within the US EV market after a record-breaking second quarter. The Hyundai IONIQ 5 and IONIQ 6 each set new Q2 gross sales data as demand for long-range EVs at an inexpensive value continues to climb within the US.
Hyundai IONIQ 5 tops Q2 gross sales report within the US
After setting a brand new Might gross sales report, Hyundai’s electrical SUV continued its sizzling streak final month. Hyundai offered 3,755 IONIQ 5 fashions within the US final month (+20% YOY), a brand new June report.
Though it’s down barely from the 4,449 offered in Might, the expansion was sufficient to push Hyundai’s IONIQ 5 to a brand new Q2 gross sales report. Hyundai offered 11,906 IONIQ 5s within the second quarter of 2024, up 51% from the 7,905 handed over presently final 12 months.
Hyundai has now offered 18,728 IONIQ 5 fashions by the primary half of 2024, a rise of 37% over final 12 months.
The IONIQ 5 wasn’t Hyundai’s solely EV with a brand new gross sales report. With 3,266 fashions offered (+8% YOY), Hyundai’s IONIQ 6 additionally set a brand new Q2 gross sales report. Hyundai’s total EV gross sales climbed 15% in Q2.
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| January | February | March | April | Might | June | 2024 YTD Whole | % Chg YTD | |
| Hyundai IONIQ 5 gross sales | 1,465 | 1,993 | 3,361 | 3,702 | 4,449 | 3,755 | 18,728 | +37% |
The information comes after Kia set a brand new Q2 EV gross sales report as demand for its three-row EV9 and low-cost EV6 continues climbing.
Hyundai Motor America CEO Randy Parker stated the robust demand for the IONIQ 5 helped drive progress in Q2.
In a latest interview with Electrek, Parker instructed us Hyundai is “humble and hungry” to distance itself from the EV pack and shut the hole with Tesla.
Parker defined that Hyundai is giving patrons confidence to go electrical with long-range, fast-charging EVs at an inexpensive value. Hyundai has six of the highest ten most fuel-efficient EVs within the US this 12 months by trim.
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2024 Hyundai IONIQ 5 trim |
Beginning Value (excluding vacation spot payment) |
Value after potential $7,500 EV tax credit score (excluding vacation spot payment) |
Vary (EPA est miles) |
| SE Customary Vary | $41,800 | $34,300 | 220 |
| SE | $45,850 | $38,350 | RWD: 303 AWD: 260 |
| SEL | $47,400 | $39,900 | RWD: 303 AWD: 260 |
| Restricted | $53,500 | $46,000 | RWD: 303 AWD: 260 |
| D100 | $59,400 | $51,900 | 260 |
In the meantime, the 2024 IONIQ 5 is now extra inexpensive to lease than the most cost effective automobile within the US.
Though the Nissan Versa begins at below $18,000, the IONIQ 5 is cheaper to lease at $229 per 30 days for twenty-four months. And that’s for the 2024 Hyundai IONIQ 5 SEL RWD with as much as 303 miles vary.
Should you’re out there for a brand new EV, there’s by no means been a greater time to start out buying. You need to use our hyperlinks beneath to view offers on Hyundai’s EVs at a seller close to you.
