Hyundai has experienced an outstanding year in electric vehicle (EV) sales, marking a significant milestone with more than 40,000 all-electric cars already sold in the US market in 2023. The South Korean manufacturer’s latest report has revealed substantial success, showcasing the brand’s consistent growth in its electric lineup.

The month of November brought remarkable figures for the brand’s electric lineup, particularly with strong sales of the Hyundai Ioniq series and Kona Electric. Both electric models, which are based on the E-GMP platform, account for substantial sales. The Ioniq 5 accounted for a total of 2,372 sales, marking a 99 per cent increase year-over-year; while the Ioniq 6 contributed 1,386 units to the total, which is being considered a promising start for this recently introduced EV.

The combined sales of the Ioniq family of EVs amounted to 3,758 units, which represents an outstanding 216 per cent year-over-year increase. This surge in sales led to a noteworthy boost in the share of BEVs underpinned by E-GMP, accounting for 5.4 per cent of Hyundai’s overall volume, significantly up from a mere 1.9 per cent in the previous year.

Throughout the year, the Hyundai Ioniq 5 has shown remarkable sales performance. The company revealed that it sold 30,657 units of the Ioniq 5, representing 44 pe cent increase year-over-year. The launch of the Ioniq 6 has further bolstered the brand’s electric portfolio, contributing an additional 10,943 units to the cumulative sales of the Ioniq family. It now stands at a remarkable 41,600 units year-to-date, representing a substantial 96 per cent increase year-over-year.

While the company’s positive trajectory in EV sales is evident, the official stats don’t encompass sales results from other plug-in models such as the Santa Fe PHEV and Tucson PHEV, which are aggregated with conventional or non-rechargeable hybrids.

The Hyundai Nexo, the hydrogen fuel cell model, registered sales of 20 units last month, while its year-to-date total declined 44 per cent to settle at 216 units. It is enough to show that hydrogen-based vehicles are facing tougher challenges amidst the ongoing surge in battery electric vehicle adoption.

Seoul-headquartered Hyundai's consistent success in the highly competitive EV market, complemented by the robust sales performance of its corporate counterpart Kia and luxury car division Genesis, underscores its commitment to sustainable mobility. Amidst various production and demand-related challenges, Hyundai's unwavering EV sales growth indicates a promising future.