this post was submitted on 19 Aug 2024
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[Dormant] Electric Vehicles

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Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start (electrek.co)
submitted 3 months ago by [email protected] to c/[email protected]
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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.

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[–] [email protected] 16 points 3 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.