Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start - eviltoast

Through the first seven months of 2024, Hyundai, Kia, and Genesis accounted for 10% of the US EV market. Hyundai outpaced Ford (7.4%) and GM (6.3%), according to Motor Intelligence.

Tesla’s share of the US EV market slipped below 50% for the first time in the second quarter. Tesla accounted for 49.7% of EV sales in the US in Q2 as new models hit the market.

Although IONIQ 5 and 6 sales slipped last month, they are still up 25% and 54% year-to-date, respectively. Meanwhile, sister company Kia continued its record-setting performance in July after EV sales nearly doubled YTD.

Kia’s new EV9, its first three-row electric SUV, is a major part of its growth. According to Kelley Blue Book, Kia EV9 sales outpaced the Toyota bZ4X, VW ID.4, Nissan Ariya, Rivian R1T, and Tesla Model S in the US through the first half of 2024. It even topped Kia’s Niro EV sales.

  • Altima NEO@lemmy.zip
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    2 months ago

    It helps that they have several models on the market. Ford and GM have been dragging their feet in making compelling EVs and instead using EVs as a luxury platform.

    • Ohmmy@lemmy.dbzer0.com
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      2 months ago

      Also helps to be the only real option for electric “cars” and not suvs/trucks. For things like the EV6 your only real competitor is Tesla and people hate Musk.

    • Thatuserguy@lemmy.world
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      2 months ago

      As far as I’m aware, Hyundai’s quality control is still non-existant to questionable at best. But damn do their cars look nice

      • criticon@lemmy.ca
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        2 months ago

        Here are the 10 automakers that have initiated the most recall campaigns during 2022 and the total number of vehicles involved:

        Ford: 67 recalls, 8,636,265 units

        Volkswagen Group: 45 recalls, 1,040,885 units

        Fiat-Chrysler/Stellantis: 38 recalls, 3,041,431 units Mercedes-Benz: 33 recalls, 969,993 units

        General Motors: 32 recalls, 3,371,302 units

        Kia: 24 recalls, 1,458,962 units

        Hyundai: 22 recalls, 1,452,101 units

        Tesla: 20 recalls, 3,769,581 units

        BMW: 19 recalls, 1,000,455 units

        Nissan: 15 recalls, 1,568,385 units

        https://www.forbes.com/sites/jimgorzelany/2022/12/30/automakers-with-the-most-and-fewest-recalls-in-2022/

      • henfredemars@infosec.pub
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        2 months ago

        I thought their sister company Kia has been winning initial quality awards to try to improve their reputation in the recent past.

        I can’t say for certain for Hyundai but I’d be surprised if they weren’t trying to improve standards.

        Really need to be more careful with those engine fires though.

      • TTimo@lemm.ee
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        2 months ago

        It’s an EV after all - it’s never meant to go the distance

  • xyguy@startrek.website
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    2 months ago

    If they could do a proper EV Soul they’d make a customer of me every 10 or so years for the rest of my life…maybe more often if it keeps getting stolen based on their track record.

    • jonne@infosec.pub
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      2 months ago

      The Ioniq 5 is a proper EV. It’s even beats Tesla in some respects (stuff like vehicle to load is supported, something Tesla doesn’t do).

      • xyguy@startrek.website
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        2 months ago

        I test drove one when I ended up getting my kia soul instead. It was super nice and really futuristic and cool. It was just way too expensive for me at the time. And probably still is honestly.

        • Mac@mander.xyz
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          2 months ago

          Also, in comparison to a Soul, i want a barebones base-model. Quit trying to sell me luxury technology at an inflated price.

          Why the fuck does the base model have Wi-Fi hotspot, touch screen navigation, Android auto, Apple carplay, auto-braking collision avoidance, smart cruise, lane assist, heated seats, bluetooth link, parking sensors, heated mirrors, dual temp control, Sirius XM, and more.

          it’s over $40k USD and none of that shit is necessary.
          I want a casket with a battery, a couple motors, and a steering wheel for cheap.
          THAT’s how you get electric adoption.

          • xyguy@startrek.website
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            2 months ago

            Yeah i think you are right. There hasn’t been a “peoples car” EV like the original beetle or even the Kia Soul.

            If they could get a decent compact ev for around 25k they could sell as many as they can make i think.

    • Phoenixz@lemmy.ca
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      2 months ago

      Coworker of one has one and impressed the hell out of me. That top view camera thing is awesome

      • NotMyOldRedditName@lemmy.world
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        2 months ago

        The annoying thing is someone else owns the patent to that,so all the OEMs gotta pay to have it or choose not to offer it.

        It ends sometime in the next 5-10 years I think.

  • schizoidman@lemm.ee
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    2 months ago

    In the US perhaps. In other countries people either choose Tesla for its charging network & software or Chinese EVs for LFP batteries & value. Korean cars can’t find a niche.

    • jqubed@lemmy.world
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      2 months ago

      Does charging network matter in Europe or China where everyone has to use the same government-mandated plug?

      • NotMyOldRedditName@lemmy.world
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        2 months ago

        It might not matter in terms of accessibility, but the charging experience would still be better in a Tesla.

        A navigation system that routes you through the chargers and pre warms the battery for optimal charging and then provides a plug and play experience without any apps or messing around with credit cards.

        Edit: and I think it takes charger capacity into account and can reroute you to a less busy charger if there are multiple in the area

        Edit: teslas also get preferential rate unless you sign up for a monthly plan with Tesla.

    • Dudewitbow@lemmy.zip
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      2 months ago

      in Vietnam, people choose Vinfast (despite being not good) because its cheap and they own the lionshare of the charging network