Hyundai and Kia Achieve Record EV Sales in April Despite Overall Declines

Hyundai and Kia's electric vehicle sales surged in April 2024, setting new records even as total vehicle sales dropped.

• Hyundai's all-electric car sales increased by 31% year-over-year in April, with significant growth in Ioniq 5 and Ioniq 6 models.
• Kia reported a record-breaking month for electric vehicles, with a 144% increase in EV sales compared to the previous year.
• Despite the growth in EV sales, both Hyundai and Kia experienced overall sales declines, with Hyundai's total sales down 3.1% and Kia's down 3.6%.
• The Ioniq 5 and Ioniq 6 models contributed notably to Hyundai's EV sales, with increases of 59% and 41% respectively.
• Kia's EV9 model, despite being the most expensive and not qualifying for the $7,500 tax incentive, still saw robust sales.

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