Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start
Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start
Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. After reaching double-digit...
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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In the US perhaps. In other countries people either choose Tesla for its charging network & software or Chinese EVs for LFP batteries & value. Korean cars can't find a niche.
Does charging network matter in Europe or China where everyone has to use the same government-mandated plug?
It might not matter in terms of accessibility, but the charging experience would still be better in a Tesla.
A navigation system that routes you through the chargers and pre warms the battery for optimal charging and then provides a plug and play experience without any apps or messing around with credit cards.
Edit: and I think it takes charger capacity into account and can reroute you to a less busy charger if there are multiple in the area
Edit: teslas also get preferential rate unless you sign up for a monthly plan with Tesla.
in Vietnam, people choose Vinfast (despite being not good) because its cheap and they own the lionshare of the charging network