Following a remarkable second quarter in the US electric vehicle (EV) market, Hyundai shows no signs of diminishing momentum. Hyundai’s IONIQ 5 and IONIQ 6 models have shattered quarterly sales records in Q2, as the demand for affordable, long-range electric vehicles (EVs) remains on a upward trajectory within the US market.
The Hyundai Ioniq 5 has emerged as the top-selling electric vehicle in the United States for the second quarter of this year, according to data from InsideEVs.
Hyundai’s electric SUV set a new all-time monthly sales record last month, cementing its remarkable streak of success. In June, Hyundai set a new record in the US with 3,755 sales of its IONIQ 5 models, marking a 20 percent year-over-year increase.
Although the quarterly total of 4,448 fell slightly short of May’s figure, the modest increase still enabled the Hyundai Ioniq 5 to set a new second-quarter sales record. Hyundai reported a significant surge in sales of its IONIQ 5 model during the second quarter of 2024, with 11,906 units sold, representing a 51% increase compared to the 7,905 deliveries made in the same period last year?
South Korean automaker Hyundai has recorded a significant surge in sales for its IONIQ 5 electric vehicle model, with 18,728 units sold through the first half of 2024, representing a 37-per cent increase compared to the same period last year.
Hyundai shattered its own electric vehicle sales record with the debut of the IONIQ 5. Hyundai’s IONIQ 6 sets a new quarterly sales record with an impressive 3,266 fashion units sold, marking an 8 percent year-over-year increase. Hyundai’s electric vehicle (EV) gross sales surged 15% in the second quarter.
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| January | February | March | April | Could | June | 2024 YTD Whole | % Chg YTD | |
| Hyundai IONIQ 5 gross sales | 1,465 | 1,993 | 3,361 | 3,702 | 4,449 | 3,755 | 18,728 | +37% |
Kia has shattered its quarterly record for Q2 electric vehicle (EV) sales, with strong demand persisting for its flagship three-row EV9 and budget-friendly EV6 models.
Hyundai Motor America’s CEO, Randy Parker, credits strong demand for the IONIQ 5 as a key factor driving the company’s growth in Q2.
A Hyundai IONIQ 5 and IONIQ 6 sit parked alongside a Tesla Supercharger, as depicted in a photo provided by Hyundai.
According to a recent interview with Parker, Hyundai expressed its determination to surpass the electric vehicle (EV) competition by closing the gap with industry leader Tesla, describing itself as “humble and hungry” in its pursuit of innovation.
Parker asserts that Hyundai instills confidence in consumers by offering long-range, fast-charging electric vehicles (EVs) at an affordable price point. Hyundai boasts an impressive portfolio of environmentally friendly vehicles, with six models ranking among the top ten most fuel-efficient electric vehicles in the US market for the current year by trim.
| (excluding vacation spot payment) | (excluding vacation spot payment) | (EPA est miles) | |
| $41,800 | $34,300 | 220 | |
| $45,850 | $38,350 | RWD: 303 AWD: 260 |
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| $47,400 | $39,900 | RWD: 303 AWD: 260 |
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| $53,500 | $46,000 | RWD: 303 AWD: 260 |
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| $59,400 | $51,900 | 260 |
**Trim Levels:**
* SE (Standard Equipment): This is the base model, with a starting price of $40,250.
+ Features include 18-inch alloy wheels, LED headlights, and an 8.0-inch touchscreen display.
* SEL (Sensory Luxury): The mid-level trim starts at $44,750.
+ Adds features like a panoramic sunroof, heated seats, and a premium audio system.
* Limited: This top-of-the-line trim starts at $51,250.
+ Includes features like 20-inch alloy wheels, LED taillights, and a heads-up display.
**Options:**
* Advanced Technology Package ($2,500): Adds adaptive cruise control, lane-keeping assist, and automatic emergency braking.
* Driver Assistance Package ($1,000): Includes blind-spot monitoring and rear cross-traffic alert.
* Premium Luxury Package ($2,000): Adds ventilated front seats, a heated steering wheel, and a power liftgate.
**Destination Fee:** $1,175
**Total Starting Price:** $40,250 (SE), $44,750 (SEL), $51,250 (Limited)
The 2024 Hyundai Ioniq 5 is an electric crossover SUV that’s perfect for those looking to make a statement on the road while also being eco-friendly.
While the 2024 IONIQ 5’s price tag remains competitive, it has become even more affordable to lease compared to the most budget-friendly vehicle in the US market.
Although the Nissan Versa starts at under $18,000, the Hyundai IONIQ 5 offers a more affordable leasing option at just $229 per month for 24 months.
The estimated range for the 2024 Hyundai IONIQ 5 SEL’s rear-wheel-drive variant reaches up to 303 miles, offering a substantial driving distance for its class.
