Hyundai Achieves Record EV Sales in the US Amid Growing Competition

Hyundai's US sales hit a new record in February 2025, driven by strong EV demand. The updated IONIQ 5 saw a 22% sales increase. Learn more about Hyundai's market growth and future plans.

Hyundai is making waves in the US auto market, setting yet another sales record. In February 2025, the company sold over 62,000 vehicles in the country, marking a 3% increase year-over-year. Electrified models played a major role in this success, with demand surging by 25%.

The refreshed 2025 IONIQ 5 has been a standout performer. Sales of the all-electric SUV jumped by 22% compared to last year, reaching 2,442 units. Key upgrades, such as an extended range of up to 318 miles and compatibility with Tesla’s Supercharger network via the NACS port, have made the model more attractive to consumers.

Hyundai’s momentum comes at a time of shifting dynamics in the US EV market. Tesla’s market share dropped to 44% in 2024, leaving space for rising competitors like General Motors and Hyundai. The South Korean automaker’s strategic push for electrification is paying off, with the upcoming three-row IONIQ 9 SUV poised to capture a fresh wave of customers.

Federal tax incentives have played a crucial role in Hyundai’s EV success, offering buyers up to $7,500 in savings. However, discussions within the Trump administration about potential policy changes could impact the affordability of these incentives, making future demand less predictable.

Looking ahead, Hyundai has its sights set on cementing its place among the EV leaders. By 2030, the company aims to roll out 21 new electric models and boost global EV sales to 2 million units annually. With the growing appetite for electrification, this bold strategy could reshape the competitive landscape.

Hyundai is betting on technological innovation, an expanded lineup, and aggressive pricing. As the EV market remains open for challengers, the automaker is seizing every opportunity to stake its claim.

Source: electrek.co