South Korean auto giants Hyundai and Kia are discovering success with new EV fashions arriving, together with the IONIQ 9 and EV4. With a number of low-cost EVs on the best way, this could possibly be Hyundai’s golden ticket. Right here’s what’s coming subsequent.
Hyundai IONIQ 9 and Kia EV4 enhance EV gross sales in July
Electrical automobile gross sales in Hyundai and Kia’s dwelling market rebounded final month as patrons lined up for brand new fashions.
In whole, EV gross sales elevated by 67% in July, with over 25,000 models offered. That’s considerably increased than the month-to-month common for this yr, which is 16,960.
In response to knowledge from Carisyou Information Analysis (through KED International), electrical autos hit a document share of recent automobile gross sales at 16.7%. Business analysts pointed to new fashions rolling out as the largest cause behind the gross sales surge.
Hyundai’s first three-row electrical SUV, the IONIQ 9, posted its greatest gross sales month, with 1,137 models offered, whereas almost 1,500 Kia EV4 fashions had been offered, up 38% from June.
The IONIQ 9 was launched in February, whereas the EV4 arrived in March. Kia’s different low-cost electrical fashions, the EV3 and Ray EV, additionally posted gross sales progress of 11.3% and a pair of.5% in comparison with July 2024.
Korea’s EV market confirmed broader indicators of a restoration with used gross sales rising 0.8% regardless of gasoline and diesel fashions falling 4.9% and 4.1%, respectively.
Hyundai now solely presents one totally gas-powered automobile, the Venue. An trade official stated that “The shift away from inside combustion engines towards hybrids and EVs is now being mirrored within the retail market.”
Hyundai and Kia are gaining momentum, not simply in Korea, however in most main world markets this yr. The IONIQ 5 is coming off its greatest gross sales month but within the US, with 5,818 models offered in July. Via the primary seven months of 2025, Hyundai has offered almost 25,000 IONIQ 5s.
After delivering the primary buyer fashions in late Might, Hyundai offered over 2,000 IONIQ 9 fashions within the US by way of July.
Within the coronary heart of Europe, Germany, Hyundai’s low-cost Inster EV (offered because the Casper Electrical in Korea) was the best-selling small electrical automotive within the first half of 2025, with 6,300 registrations. The Inster EV begins at 23,900 euros ($28,000) and has a WLTP driving vary of as much as 370 km (230 miles).
Kia is shortly gaining market share in key markets, together with the UK. The EV3, Kia’s compact electrical SUV, was the most well-liked retail EV by way of the primary half of the yr.
Early subsequent yr, Kia will launch the EV4, its first electrical sedan within the US. It should be a part of the EV6 and three-row EV9 in its electrical automobile lineup.
And this could possibly be simply the beginning. Each are gearing as much as launch new, inexpensive EVs quickly, together with the Hyundai IONIQ 2 and Kia EV2. Each are scheduled to reach in 2026.
Trying to check drive one for your self? You need to use our hyperlinks beneath to search out fashions close to you. Hyundai and Kia are pushing a couple of offers price testing earlier than the $7,500 EV tax credit score expires. With leases beginning as little as $179 per thirty days, the IONIQ 5 stays one of the crucial inexpensive EVs within the US.
