Hyundai Ioniq 5 Sales Hit New U.S. Record In Q2 2024

June was a difficult month for Hyundai Motor America, as its whole U.S. gross sales decreased by 2.5% year-over-year to 67,631. Nevertheless, its all-electric automotive gross sales continued to extend, with the Ioniq 5 setting a brand new quarterly file. 

Final month, Hyundai bought 4,669 electrical automobiles primarily based on its E-GMP platform within the U.S., nearly 9% greater than a yr in the past. That is about 6.9% of the model’s whole quantity.

This determine contains 3,755 Ioniq 5s (up 20% year-over-year) and 914 Ioniq 6s (down 21%). The South Korean producer doesn’t report the Hyundai Kona Electric gross sales, that are counted along with the inner combustion Kona. It is usually unclear what number of performance-focused Ioniq 5 Ns have been bought, because the automaker would not break these gross sales out individually.

In latest months, Hyundai has promoted aggressive lease deals on the Ioniq 5 and Ioniq 6, making the 2 EVs among the most inexpensive automobiles to acquire proper now—agnostic of their powertrain. This was finished partly as a result of Hyundai’s EVs are disregarded of the tax credit score system as a result of they’re made in America, however that credit score nonetheless applies when the automobiles are leased. Later this yr, the up to date 2025 Hyundai Ioniq 5 can be constructed within the U.S., which ought to qualify it for the total $7,500 tax credit score.

Nonetheless, the Ioniq 6’s decline—regardless of the automotive getting stellar reviews—proves that the U.S. continues to be an SUV and truck market, and never a sedan market.  

Hyundai BEV gross sales final month (YOY change):

• Hyundai Ioniq 5: 3,755 (up 20%)
• Hyundai Ioniq 6: 914 (down 21%)
• Hyundai Kona Electrical: N/A
• Whole Ioniq household: 4,669 (up 9%) and 6.9% share

In the course of the second quarter of 2024, Hyundai bought 15,172 Ioniq 5s and Ioniq 6s automobiles within the U.S., 39% greater than a yr in the past. Q2 was particularly good for the Ioniq 5, which set a brand new quarterly file of 11,906 (up 51% year-over-year.)

To date this yr, 25,640 Hyundai Ioniq 5s and Ioniq 6s have been bought within the U.S., up 52% yr over yr and representing about 6.4% of the model’s whole quantity.

The corporate says the overall EV gross sales within the yr’s first half elevated by 33% however doesn’t present a precise quantity. Once more, the Hyundai Kona Electrical’s gross sales quantity additionally stays unknown.

Hyundai BEV gross sales year-to-date (YOY change):

• Hyundai Ioniq 5: 18,728 (up 37%)
• Hyundai Ioniq 6: 6,912 (up 113%)
• Hyundai Kona Electrical: N/A
• Whole Ioniq household: 25,640 (up 52%) and 6.4% share

For reference, throughout the full calendar yr of 2023, the overall gross sales of the Hyundai Ioniq 5 and Ioniq 6 amounted to 46,917, representing about 5.9% of the automaker’s total volume.

As a result of decrease base in H1 2023, reaching a strong progress charge within the first half of the yr was comparatively simple. The brand new problem can be to beat the second half of 2023, which resulted in over 30,000 Ioniq 5 and Ioniq 6 gross sales.

Sadly, the official stats don’t embody the gross sales outcomes of different plug-in fashions just like the Santa Fe PHEV and Tucson PHEV, as they’re counted along with standard or non-rechargeable hybrids.

The hydrogen gas cell mannequin, the Hyundai Nexo, bought simply seven models final month, down 13% year-over-year. Solely 77 have been bought in 2024, down 27% from final yr.