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10mo ago

Hyundai and Kia Set New EV Sales Records in the U.S.

Both brands achieve unprecedented sales figures in May, underscoring their commitment to electric vehicle growth despite industry challenges.

Image
Credit: Kia
‘Foot On The Accelerator’: Hyundai And Kia’s EV Push Pays Off As Rivals Back Down: Hyundai Ioniq 5, Industry
Credit: Hyundai

Overview

  • Hyundai Ioniq 5 sales surged 82% year-over-year, marking the best month ever for the model.
  • Kia's EV sales more than doubled, with over 7,000 units sold in May, a 127% increase year-over-year.
  • Hyundai and Kia are ramping up U.S. production, with new plants and models set to qualify for federal tax credits.
  • Both automakers are leveraging aggressive leasing deals to boost EV adoption.
  • Hyundai and Kia's new marketing campaigns are enhancing brand perception and driving showroom traffic.