Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start - eviltoast
Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. After reaching double-digit...

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.

  • xyguy@startrek.websiteEnglish
    2·
    4 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.