Hyundai Begins 2024 With 77% Yr-Over-Yr BEV, PHEV U.S. Gross sales Enhance

Hyundai Motor America reviews a troublesome January within the U.S., mentioning “financial challenges and rates of interest making it a troublesome retail setting.” The corporate’s car gross sales amounted to 47,543 (down 8.6% year-over-year).

Nonetheless, on the similar time, Hyundai sees shiny spots within the EV phase with substantial year-over-year progress in plug-in electrical automobile gross sales.

In January, Hyundai plug-in electrical automobile gross sales elevated by 77% year-over-year, though the corporate doesn’t reveal the exact quantity. The model’s all-electric automobile gross sales elevated by 42% year-over-year, the corporate says, additionally with out offering the precise degree.

What we do know is that gross sales of the Hyundai E-GMP-based all-electric vehicles—Ioniq 5 and Ioniq 6—amounted to 2,225 (up 44% year-over-year). E-GMP BEVs characterize 4.7% of Hyundai’s whole quantity (in comparison with 3.0% a 12 months in the past).

On prime of that comes the Hyundai Kona Electrical, for which numbers should not reported (it is counted along with the interior combustion Kona).

Hyundai BEV gross sales final month (YOY change):

• Hyundai Ioniq 5: 1,465 (down 5%)
• Hyundai Ioniq 6: 760 (new)
• Hyundai Kona Electrical: N/A
• Complete Ioniq household: 2,225 (up 44%) and 4.7% share

For reference, through the 12 months of 2023, the whole gross sales of the Hyundai Ioniq 5/Ioniq 6 amounted to 46,917, representing about 5.9% of the whole quantity.

Hyundai BEV gross sales in 2023 (YOY change):

• Hyundai Ioniq 5: 33,918 (up 48%)
• Hyundai Ioniq 6: 12,999 (new)
• Hyundai Kona Electrical: N/A
• Complete Ioniq household: 46,917 (up 104%) and 5.9% share

We assume that Hyundai will enhance its all-electric and plug-in hybrid automobile gross sales in 2024 to new report ranges.

Sadly, the official stats don’t embrace the gross sales outcomes of different plug-in fashions (just like the Santa Fe PHEV and Tucson PHEV), as they’re counted along with standard or non-rechargeable hybrids.

The hydrogen gasoline cell mannequin—Hyundai Nexo—famous 23 models bought final month (up 44% year-over-year). In 2023, 241 Nexo have been delivered, which was 41% lower than in 2022.