Hyundai achieved its best-ever November sales as demand for its fully electric vehicles continues rising. Sales were led by the Hyundai IONIQ 5, up 99% over last year.
For the 16th straight month, Hyundai’s total sales grew in November. Despite claims the EV market is cooling, the South Korean brand continues to see rising demand.
Hyundai sold 2,372 IONIQ 5 models last month, representing 99% growth over last year. The brand has sold over 30,000 IONIQ 5 electric SUVs this year, up 44% compared to ~21K last year at this time.
The company also sold 1,386 IONIQ 6 models, up 12% from October. Demand is rising after Hyundai’s dedicated EVs set new October sales records last month.
Hyundai Kona sales were also up 25% in November, but the company does not show how many were electric.
Hyundai’s growing EV sales propelled it to second in the US EV market, behind only Tesla in the third quarter.
Hyundai EV
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
IONIQ 5
1,548
2,074
2,114
2,323
2,446
3,136
4,135
3,572
3,958
2,979
2,372
IONIQ 6
N/A
N/A
222
890
971
1,162
1,745
1,663
1,665
1,239
1,386
Hyundai US EV sales through November
Registration data from Automotive News shows Hyundai and Kia claimed 7.5% of the market. Although this is still far from Tesla (57.4%), it was enough to surpass GM’s Chevy (5.9%) and Ford (5.5%).
Hyundai IONIQ 5 (Source: Hyundai)
Hyundai EV sales lead to record November
Hyundai’s global president, Jose Munoz, told Reuters ahead of the LA Auto Show last month the brand is still seeing strong demand for EVs in the US. Munoz said he is “still very bullish” on EVs, highlighting EV sales doubling year-over-year.
The impressive growth comes despite Hyundai EVs not qualifying for the EV tax credit (only through leasing).
Hyundai sweetened the deal by offering a free EV charger with the lease or purchase of a new EV. The deal includes the 2023 or 2024 Hyundai IONIQ 5 or IONIQ 6 or a 2023 Kona electric.
2024 Hyundai IONIQ 6 Limited (Source: Hyundai)
Munoz said last month, “Based on what I see, I need more. If I had more capacity today, I could sell more cars.”
The comments come despite peers, including Ford and GM, delaying EV targets, citing slowing demand.
Hyundai has plans to accelerate the momentum with its first EV and battery plant in the US. The South Korean automaker began construction last October. After pushing development, Hyundai says 99.9% of the foundation work is now complete.
2024 Hyundai IONIQ 5 electric SUV (Source: Hyundai)
Munoz said the company is “pushing as much as we possibly can to get it ready by October next year.” Once up and running, the $5.5 billion mega plant will enable Hyundai EVs to qualify for the tax credit, which should help boost momentum.
Hyundai’s leader says the brand is “pulling ahead” as Hyundai continues seeing strong demand for its EVs.
Are you ready to see why shoppers are switching to Hyundai EVs? You can use our links below to find Hyundai’s electric vehicles at some of the lowest rates yet at a dealer near you.
FTC: We use income earning auto affiliate links.More.
The “Three” is Hyundai’s first compact electric vehicle concept under the IONIQ series, set to bring a radical new design to the family.
According to Hyundai, the Concept Three “represents the next step in the company’s electrification journey.” Production is expected to begin in early 2026 at Hyundai’s manufacturing plant in Turkey, with deliveries starting shortly thereafter.
Advertisement – scroll for more content
The new design, “Art of Steel,” is inspired by Hyundai’s advanced steel technology. Hyundai calls the Aero Hatch profile “a new typology that reimagines the compact EV silhouette.”
Hyundai kept a few of its signature design elements from other IONIQ EV models, like the Parametric Pixel lights at the front and rear.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
With its official debut approaching, a few IONIQ 3 prototypes have been spotted driving in public in South Korea. Despite heavy camouflage, you could tell the production version was shaping up to be nearly identical to the Concept Three.
A new image from KindelAuto offers a closer look at the IONIQ 3, spotted in Europe with barely any camouflage.
You can clearly see the vehicle’s profile stays close to the concept, with a sleek, hot-hatch design and a ducktail spoiler.
The compact EV is 4,287 mm long, 1,940 mm wide, and 1,428 mm tall, with a wheelbase of 2,722 mm, or about the size of the Kia EV3 or Volkswagen ID.3.
The Hyundai Concept THREE EV, a preview of the IONIQ 3 (Source: Hyundai)
Hyundai has yet to reveal battery specs or prices, but it’s expected to offer 58.3 kWh and 81.4 kWh battery packs, like the Kia EV3, providing a WLTP range of around 365 miles. Given the Kona Electric starts at £35,000 ($47,000), the IONIQ 3 will likely be priced closer to £25,000 ($33,700).
For those in the US, sadly, the IONIQ 3 is not expected to make the trip overseas, given America’s growing love for bigger trucks and SUVs.
The IONIQ 5 does, however, remain one of the most affordable EVs in the US, starting at under $35,000 with leases as low as $189 per month.
If you’re considering an EV, Hyundai’s lineup is absolutely worth checking out —offering over 300 miles of range, fast charging, modern tech, at a price that’s actually reasonable. Check out the links below to see what’s available by you.
FTC: We use income earning auto affiliate links.More.
Tesla CEO Elon Musk went on a podcast this week to express regret over the time he spent trying to destroy the American government, claiming that he wouldn’t do it again.
In the first half of this year, Musk took a position advising convicted felon Donald Trump (who cannot legally hold office in the US) on what essential government jobs to trim.
He named the group he led the “Department of Government Efficiency,” despite that it was never an actual government department, nor did it do a whole lot to increase efficiency as we will see below.
Musk claimed before taking the position that he could save the government $2 trillion – which was always going to be literally impossible, given the amount of discretionary spending in the US budget, as anyone with a passing interest in American government could have told you at the time.
All in all, Musk claims that he cut around $200 billion from the government’s budget, but actual analyses show that those numbers were fake and in fact that his actions likelyincreased the budget deficit, rather than decreasing it. This is due to the disruption in necessary government services, higher costs for employee severance, and lost revenue for the government as ultra-wealthy tax cheats will be able to get off without paying their fair share.
And, in the interim, republicans passed a law that gives away $4 trillion to those same wealthy elites, adding $3.3 trillion to the deficit. That number is 16 times larger than even the inflated $200 billion “savings” number Musk claims.
How Musk’s actions harmed Tesla, not just the US
But Musk’s actions cosplaying as a government official had other effects than his failure to effectively cut waste: they turned public opinion against his companies, mainly Tesla.
These results were eminently foreseeable – anyone can tell you that business leaders typically should remain neutral on politics as a rule, and generally only speak on issues that directly involve their company or industry.
Wading into wedge issues and identity politics as a business leader can only serve to turn off customers, and since negative motivations are generally stronger than positive ones, you will net lose sales even if you appeal to some portion of the population with your advocacy.
And if you do advocate for something, it should probably be for something that will help your companies, rather than hurt them.
But Elon Musk is different. Unlike most business leaders, he has millions of useful idiots at his beck and call on twitter at any time (and it is indeed where he spends all of his time), ready and willing to tell him that all of his ideas are genius, no matter how braindead they are, or how recycled they are from his rage-filled feed which seems to be his only source of information these days. Why should conventional wisdom apply to someone who is constantly told conventional wisdom doesn’t apply to him?
And so, he ignored – or rather, probably didn’t even see, given the echo chamber he has formed around himself – the conventional wisdom telling him what a bad idea all of this was. And now, years later, he’s finally showing the slightest moment of lucidity that perhaps all of the above was not a great use of time.
Musk finally recognizes what we’ve been telling him all along
This week, Musk went on a podcast (hosted by Katie Miller, wife of American white supremacist Stephen Miller) and claimed that his advisory board was “a little bit successful. We were somewhat successful,” which is a rather middling assessment given his big initial claims of being able to save the government trillions of dollars.
But further, he went on to say that he wouldn’t do it all over again, and that “instead of doing DOGE, I would have, basically, built … worked on my companies.”
He said that if he had done that instead, “they wouldn’t have been burning the cars.” This is a reference to Tesla protests, which have largely not included burning anything, but which have been widespread globally.
We, of course, agree that that would have been a better course of action. Which is why we said it at the time. Perhaps it’s time to get off twitter and read some real thoughts for once, Mr. Musk. We’re not sure if the damage you’ve done is repairable (though it was certainly preventable), but as they say, “garbage in, garbage out” – the more nonsense you read, the more nonsense you’ll continue to get up to.
The 30% federal solar tax credit is ending this year. If you’ve ever considered going solar, now’s the time to act. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them.
Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.
FTC: We use income earning auto affiliate links.More.
BMW is the latest major automaker to officially gain access to the Tesla Supercharger network in North America. Starting today, BMW EV drivers in the US can access over 25,000 Tesla Superchargers, adding a massive boost to the charging options for owners of the i4, iX, and other electric models from the German automaker.
It follows a wave of other automakers gaining access over the last year as the industry transitions to NACS (North American Charging Standard), Tesla’s proprietary connector that has now become the standard.
BMW confirmed today that the update is effective immediately. Owners can find Tesla Superchargers directly in their vehicle’s navigation system and the My BMW app.
However, like most other automakers making this transition, there is hardware involved. Current BMW EVs, which are equipped with CCS ports, will require a CCS-to-NACS adapter to use the vast majority of Tesla’s V3 and V4 Superchargers.
Advertisement – scroll for more content
According to BMW, official adapters will go on sale as accessories starting in Q2 2026. That is a bit of a wait, but in the meantime, some third-party adapters are already on the market.
For those lucky enough to live near one of Tesla’s few “Magic Dock” locations (Superchargers with a built-in CCS adapter), any BMW EV can charge immediately without needing to buy extra hardware.
BMW also clarified its timeline for native NACS ports, which will eliminate the need for an adapter entirely. The transition begins with the 2026 BMW i5 M60, followed by other models throughout the year, including the highly anticipated Neue Klasse iX3, which is expected to be a competitor of the higher-end trims of Tesla’s popular Model Y.
Interestingly, there is a software hurdle for some specific 2026 models. BMW noted that the 2026 iX and i5 eDrive40 will not be able to use Tesla Superchargers until they receive a remote software upgrade, also scheduled for Q2 2026.
One of the biggest pain points for non-Tesla EVs using the Supercharger network has been the user experience. Tesla has set a high bar with its “plug and play” ecosystem.
BMW seems to have done a good job integrating this. The automaker says that its Plug & Charge is supported at Tesla stations. You won’t need the Tesla app to start a session. Instead, billing is handled through the customer’s Shell Recharge account, which is integrated into the My BMW app.
Pricing will follow Tesla’s standard rate structure for non-Tesla vehicles, which is generally higher than what Tesla owners pay unless you pay a monthly membership fee.
FTC: We use income earning auto affiliate links.More.