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Hyundai Motor Group's U.S. EV sales jump 60.8 pct on-year in H1

14:02 July 22, 2024

SEOUL, July 22 (Yonhap) -- Hyundai Motor Group's electric vehicle sales in the United States during the first six months of the year jumped by 60.8 percent from a year ago, according to an industry report Monday.

According to the U.S. automotive market analysis report by the Korea Automobile & Mobility Association (KAMA), battery electric vehicles of Hyundai Motor Co., Kia Corp. and Genesis brands sold in the U.S. during the January-June period totaled 61,843 units, compared with the 38,457 units from a year ago.

Combined sales of EVs, plug-in hybrids and hydrogen fuel cell models by the Korean brands in the U.S. amounted to 72,528 units, up 46.4 percent from a year ago, KAMA said.

This file photo from March 4, 2024, shows Hyundai Motor's Ioniq 5 EV model put on display at a dealership in southern Seoul. (Yonhap)

The combined market share of the Korean EV brands in the U.S. EV market came to 10.2 percent, up 2.8 percentage points from last year.

Hyundai Motor and Genesis combined sold 32,592 EVs in the U.S. during the period, up 32.5 percent from a year ago, thanks to enhanced local sales promotions for key models such as the Ioniq 5.

According to KAMA, Kia saw a 111 percent increase in EV sales, reaching 29,251 units, thanks to strong sales of models such as the EV9.

Of individual models, Hyundai's Ioniq 5 was the fourth bestselling EV model in the U.S., selling 18,728 units. Kia's EV6 and EV9 ranked 10th and 11th, selling 10,941 units and 9,671 units, respectively, in the country.

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