Hyundai IONIQ 5 sets new US sales record in March as EV sales surge 100%- looki – Luxury cars

Hyundai’s IONIQ 5 simply set a brand new March and Q1 gross sales file as EV gross sales climbed 100% final month. The corporate had its best-ever first quarter and March gross sales as demand for its EVs stays excessive.

Hyundai IONIQ 5 EV units new March, Q1 US gross sales file

Hyundai continues constructing momentum within the US with its lineup of devoted EVs, together with the IONIQ 5, IONIQ 6, and Kona EV.

Regardless of rising competitors and rates of interest, the automaker achieved record-breaking March and Q1 gross sales. “Demand for our autos, particularly EVs, stays excessive,” Hyundai Motor America CEO Randy Parker defined.

After climbing to turn out to be the sixth best-selling EV within the US final yr, Hyundai’s IONIQ 5 isn’t slowing down.

Hyundai’s EV gross sales doubled (+100%) in March, and the IONIQ 5 set a brand new file with 3,361 fashions bought. That’s up 58% from the two,114 IONIQ 5s handed over final March. First-quarter EV gross sales additionally hit a brand new file, climbing 62% in comparison with Q1 2023.

By means of the primary three months of the yr, Hyundai has bought 6,822 IONIQ 5 fashions, up 18% from final yr, setting one other file.

Hyundai’s different devoted EV, the IONIQ 6, additionally noticed increased demand. IONIQ 6 gross sales reached 1,984 in March (+794% YoY) for a complete of three,646 in Q1.

The discharge comes after EV startup Rivian introduced this morning it delivered 13,588 autos in Q1 because it preps to shutdown its Regular, IL manufacturing plant for upgrades.

Tesla missed expectations by a large margin with 386,810 EVs delivered in Q1, in comparison with the consensus of round 431,000.

The Kona EV, one of the crucial inexpensive electrical vehicles within the US, with beginning costs below $33,000, additionally had its best-ever Q1 gross sales. Hyundai upgraded the Kona EV in 2024 in each means with extra vary, quicker charging, and a smooth design.

Hyundai’s new gross sales information come after slashing EV costs and providing important incentives. The Hyundai IONIQ 6 and Kona EV are two of the most cost effective autos (EV or gas-powered) to lease, beginning at simply $169 monthly.

The IONIQ 6, in response to a brand new report from Boston Consulting Group, is the one EV that meets potential patrons’ value, vary, and charging targets. Tesla’s Mannequin 3 was the following closest to hitting the brink.

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