Hyundai’s EV sales face challenges in Europe due to subsidy cuts, while the US market shows growth for Ioniq 5. Kona Electric production and sales strategies vary by region.
In Europe, Hyundai had a rather bumpy ride in 2015, a minimum of when it concerns battery-powered vehicles. The Ioniq 5 crossover and Ioniq 6 car fell short to split the top 20 list of very popular EVs, while the Kona Electric managed a somewhat decent coating in 14th place, with 36,450 units delivered. Europe’s EV market declined slightly in 2024, with several governments decreasing or entirely reducing their EV subsidy programs.
Europe EV Market Challenges
Stateside, Hyundai guaranteed its consumers that it will certainly not elevate costs till June 2. The choice follows the Trump management slapped a 25% toll on imported autos last month, just to delay it for 90 days.
It deserves noting that Hyundai additionally puts together the Ioniq 5, as well as the Ioniq 9 SUV, at its Metaplant in Georgia. The Kona Electric is shipped from South Korea to the United States and other markets around the globe, with the Ulsan plant exporting a large piece of its production.
The car manufacturer has attempted to increase sales with zero-interest funding in The United States and Canada and down payment support in markets like Germany and the United Kingdom, yet it hasn’t worked as good as the business had actually wished, according to Yonhap’s resources.
US Sales Performance
In the USA, Hyundai’s efficiency was much better. It offered 44,400 Ioniq fives (up 31% year-over-year) and 12,264 Ioniq 6s (down 6%). The company doesn’t divide the sales numbers for the electric and combustion versions of the Kona.
1 electric vehicles back2 EV market
3 Hyundai EV
4 Hyundai Ioniq 6 N
5 Ioniq 5
6 Kona Electric
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