Hyundai sold 268,785 EVs last year as demand for the IONIQ 5 and IONIQ 6 picked up. The South Korean automaker plans to strengthen its leadership in the EV market, with new models gaining momentum.
Hyundai sold 268,785 EVs in 2023
During the last three months of 2023, Hyundai sold over 57,975 electric vehicles globally. With this, Hyundai’s global EV sales reached 268,785 in 2023.
Hyundai attributed the growth to higher sales of its dedicated IONIQ EVs. Based on Hyundai’s E-GMP platform, designed specifically for EVs, the IONIQ 5 and IONIQ 6 are gaining ground despite rising competition.
The company saw solid sales growth across key markets, including North America, Europe, and India.
Despite higher demand for its EVs, Hyundai is warning of “uncertainty in the business environment.” Hyundai cited external factors such as interest rates for the downbeat outlook.
The automaker said risk factors such as increased exchange rate volatility and higher costs due to rising competition could lead to uncertainty.
Meanwhile, Hyundai said it expects the global auto market to continue growing in the future as the shift to electric heats up. Hyundai is expanding its EV brand as it looks to increase awareness around its IONIQ series.
2024 Hyundai IONIQ 5 (Source: Hyundai)
Carrying the EV momentum into 2024
The automaker expects EV sales to continue growing in 2024. Hyundai expects to sell around 300,000 electric cars in 2024, or about 12% growth from last year.
Hyundai said its investment plans for 2024 include increasing the number of mass-produced models and building its new EV plant in Georgia while continuing to develop future tech.
2024 Hyundai IONIQ 6 Limited (Source: Hyundai)
The company said 99.9% of the foundation work was completed on its massive $5.5 billion EV and battery plant in late October.
Hyundai accelerated construction to take advantage of government incentives like the $7,500 tax credit. Despite its vehicles not qualifying for the tax credit (only through leasing), Hyundai Motor (including sister company Kia) surged past Ford and GM for second in US electric vehicle sales in 2023 behind Tesla.
Hyundai IONIQ 5 (Source: Hyundai)
To make up for the tax credit, Hyundai introduced significant incentives on the IONIQ 5 and 6 models.
For example, Hyundai is offering a $7,500 purchase incentive on the 2024 IONIQ 6. That undercuts the new Tesla Model 3 by $9,300.
2024 Hyundai Kona EV (Source: Hyundai)
Hyundai also introduced the redesigned Kona Electric this year. Starting at $33,000, the 2024 Kona EV is one of the most affordable electric cars on the market. It’s also bigger and more stylish than the previous generation, with faster charging and more range.
Electrek’s Take
Although Hyundai is acknowledging the market is slowing, it still expects EV sales to continue rising. Hyundai continues doubling down on electric vehicles with new technology and unique models built from the ground up.
Despite other automakers like Ford and GM pulling back EV investments, Hyundai has accelerated construction at its GA facility.
The automaker sees an opportunity in the market and looks to take advantage. Hyundai aims to be a top three EV maker by 2030 with 18 new models and two million in sales.
If you’ve been eyeing Hyundai’s electric vehicles, now may be a great time to shop. Hyundai’s EVs are at some of the lowest prices since launching. You can use our links below to find great deals on Hyundai’s EV models at a dealer near you.
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Kenworth has announced the addition of Bendix’ Fusion advanced driver assist system (ADAS) to its line of options on the T680 line of Class 8 commercial semi trucks – a lineup that includes the Next Generation T680E battery electric semi truck.
One of the many new trucks revealed at the 2025 ACT Expo in Anaheim, California earlier this year, the Next Generation Kenworth T680E featured the latest advancements in battery-electric technology, an enhanced exterior design, and a suite of new, in-cab technology that extends to the addition of three Bendix Fusion version: ADAS, ADAS PRO, and ADAS PREMIER.
All three of the announced ADAS packages offer updated Adaptive Cruise Control (ACC) with ACC Stop and Auto Go™, a new Pedestrian Autonomous Emergency Braking (PAEB) feature, and a new High Beam Assist feature to reduce the likelihood of blinding oncoming drivers supported by the addition of a new forward-looking camera.
Those updates are in addition to the ADAS units Autonomous Emergency Braking (AEB), Multi-Lane Autonomous Emergency Braking, Highway Departure Braking (HDB), and Stationary Vehicle Braking (SVB), Lane Departure Warning, and Bendix® Blindspotter® Side Object Detection already available on previous versions of the ADAS-equipped Kenworth.
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Kenworth migital mirrors
Kenworth DigitalVision Mirrors; via Bendix.
Now that we’ve got that acronym-loaded word-salad out of the way, we can get to the point: the newest generation of electric trucks is easier and safer to drive – and not just safer for the truck’s operators, but for the people who share the roads with them, too.
Kenworth T680E electric semi
Next Generation T680E; via PACCAR Kenworth.
The Next-Generation T680E is available with up to 605 peak hp and 1,850 lb-ft of torque from a PACCAR Integrated ePowertrain fed from a 500 kWh li-ion battery pack good for more than 200 miles of loaded range. The updated Class 8 BEV is rated up to 82,000 lb. gross vehicle weight ratings (GVWR), and can get that load back up to speed quickly with a 350 kW peak charge rate that means the T680E can charge up to 90% in just two hours.
“This move to a fully integrated and ground-up PACCAR design means we were able to design for enhanced serviceability,” explains Joe Adams, Kenworth’s chief engineer. “Providing easier access to the Master Service Disconnects for improved safety and increased uptime and allowing the use of the DAVIE service tool for troubleshooting and diagnostics.”
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Just like it says on the tin – retailers are advertising killer deals on the fun-to-drive Kia Niro EV, with one midwest auto dealer reporting more than $10,000 off the sticker price of the Niro EV Wind. That’s nearly 25% off the top line price!
The Kia Niro EV gets overshadowed by its objectively excellent EV6 and EV9 stablemates – both of which are currently available with substantial lease cash and 0% APR financing, in fact – but that doesn’t mean it’s not an excellent little electric runabout in its own right.
The last time I had a Niro EV tester, my kids loved it, I liked that it was quicker and more tossable than I expected it to be, and my wife liked the fact that “it doesn’t look electric. It looks normal.” And, with well over 200 miles of real world range (EPA-rated range is 253 miles), it was more than up to the task of commuting around Chicago and making the trip up to the Great Wolf Lodge in Gurnee and back without even needing to look for a charger.
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It’s not the primary family hauler I’d choose – but as a second car? As a primary car for a slightly smaller family (1-2 kids, instead of 3-4)? The Kia Niro EV Wind, with a $42,470 MSRP, seems like a solid, “can’t go wrong” sort of choice. You know?
You won’t even have to pay that much, though. Raymond Kia in Antioch, Illinois is advertising a $42,470 Niro EV for $32,431 (that’s $10,039, or about 24% off the MSRP), and several others are advertising prices in the $33,000 range.
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Many school districts who used EPA funding to help purchase Lion Electric school buses are now stuck with broken down or unsafe vehicles – but Lion’s new Canadian investors seemingly have no plans to make things right.
“All four Lion buses that we own are currently parked and not being used,” Coleen Souza, interim transportation director of Winthrop Public Schools, told Jay Traugott over at Clean Trucking. “Two of them are in need of repairs which would cost us money which we are not willing to invest in because the buses do not run for more than a month before needing more repairs.”
As bad as the revelations of safety and drivability issues and $250 million in unresolved debt have been, it’s the objectively stupid design choices that have been the most shocking.
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“Lion built an auxiliary diesel heater to heat the bus, essentially writing the manual as they went,” explained a school superintendent in the midwest, who asked not to be named. “It was fascinating to watch but there were design flaws with the heater. For example, the intakes pointed downward and we’re driving across rural roads and the intake sucks in that dirt.”
“Using a diesel-powered heater to warm an electric bus also somewhat defeats the purpose of going 100% zero-emissions,” added Traugott.
Despite a new electric school bus rebate and a fresh cash injection from Vincent Chiara, president of Quebec real estate powerhouse Groupe MACH, and Lion director Pierre Wilkie, however, it seems like no help is coming.
It just gets worse and worse
Decommissioned Lion electric buses; via Winthrop Public Schools.
The US school districts who spent tens of millions of taxpayer dollars in the hopes that Lion buses would help decarbonize their fleets and reduce students’ exposure to harmful diesel emissions? Many of them are back to using diesel, while others are trying to get their deposits back so they can buy something else.
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