Hyundai IONIQ 5 sales are on fire in the US, setting another record in May- looki – Luxury cars

In the event you’re seeing extra electrical Hyundai SUVs out and about, it’s not simply you. Hyundai Motor America bought a document variety of IONIQ 5 fashions in Could as EV gross sales proceed trending greater.

Hyundai IONIQ 5 is on a scorching streak with document Could gross sales

After launching within the US in 2022, Hyundai’s first devoted EV, the IONIQ 5, has continued climbing the gross sales charts.

With practically 34,000 fashions bought, the IONIQ 5 was the sixth best-selling EV within the US final 12 months. It was solely outsold by the VW ID.4, Ford Mustang Mach-E, Chevy Bolt EV, Tesla Mannequin 3, and Tesla Mannequin Y.

Hyundai has continued its scorching streak this 12 months regardless of speak of an “EV slowdown.” IONIQ 5 gross sales reached a brand new document in March, with 3,361 fashions bought, up 58% 12 months over 12 months (YOY).

The expansion pushed Hyundai to a brand new first-quarter EV gross sales document, climbing 62% YOY. In April, Hyundai bought 3,702 IONIQ 5s, up 59% YOY.

Hyundai has carried the momentum into Could, with IONIQ 5 gross sales reaching 4,449, setting one other new month-to-month document. Via the primary 5 months of the 12 months, practically 15,000 IONIQ 5s have been handed over to clients within the US. That’s up 43% from the ten,505 bought right now final 12 months.

Gross sales of the IONIQ EV model had been up 42% in Could, with 1,099 IONIQ 6 fashions bought. Hyundai IONIQ 6 gross sales are additionally up 188% YOY by Could.

In an unique interview with Electrek final month, Hyundai America CEO Randy Parker mentioned the automaker is “humble and hungry” to separate itself from EV rivals.

The automaker already has six of the highest ten most fuel-efficient EVs within the US this 12 months, based on the US Division of Power, however Parker defined Hyundai goals to offer shoppers much more confidence.

Hyundai needs to offer consumers the arrogance to go electrical with long-range, fast-charging, and boldly designed EVs, just like the IONIQ 5, IONIQ 6, and upgraded Kona Electrical.

Hyundai is opening its first EV and battery plant within the US later this 12 months, which is predicted to spark much more momentum.

As soon as EV manufacturing is prepared on the plant in October, Hyundai will start assembling the IONIQ 5 within the US. Though the battery unit will open a few 12 months later, Hyundai expects the IONIQ 5 to develop into eligible for the $7,500 tax credit score. Within the meantime, Hyundai has been passing the credit score on by leasing.

Hyundai EV drivers may even have entry to Tesla’s Supercharger community by the top of the 12 months. Parker mentioned Hyundai will start transport NACS adaptors out in Q1 2025.

Electrek’s Take

Regardless of US rivals like Ford and GM pulling again on EV initiatives, Hyundai is doubling down on its technique, Parker advised Electrek.

Hyundai’s EV gross sales are already outpacing these of its rivals. What’s going to occur when US manufacturing begins, and Hyundai’s EVs achieve entry to the $7,500 federal tax credit score?

With a number of the most inexpensive and fuel-efficient EVs available on the market already, Hyundai is making its presence identified. The upgraded 2024 Kona Electrical with extra vary, sooner charging, and a glossy new design begins at underneath $33,000. Hyundai’s IONIQ 6 begins at $37,500, whereas the IONIQ 5 begins at $41,800. All of that are listed with a $7,500 Featured Money Provide.

The automaker’s first three-row electrical SUV, the IONIQ 9, is predicted to make its world debut later this 12 months. Hyundai’s bigger electrical SUV has already been noticed testing within the US (see the video right here).

In the event you’re able to see what Hyundai’s electrical automobiles are all about at a number of the lowest costs but, we may also help you get began right this moment. You should use our hyperlinks under to search out offers on Hyundai EV fashions at a supplier close to you.