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Hyundai’s IONIQ 5 just set a new March and Q1 sales record as EV sales climbed 100% last month. The company had its best-ever first quarter and March sales as demand for its EVs remains high.

Hyundai IONIQ 5 EV sets new March, Q1 US sales record

Hyundai continues building momentum in the US with its lineup of dedicated EVs, including the IONIQ 5, IONIQ 6, and Kona EV.

Despite rising competition and interest rates, the automaker achieved record-breaking March and Q1 sales. “Demand for our vehicles, especially EVs, remains high,” Hyundai Motor America CEO Randy Parker explained.

After climbing to become the sixth best-selling EV in the US last year, Hyundai’s IONIQ 5 is not slowing down.

Hyundai’s EV sales doubled (+100%) in March, and the IONIQ 5 set a new record with 3,361 models sold. That’s up 58% from the 2,114 IONIQ 5s handed over last March. First-quarter EV sales also hit a new record, climbing 62% compared to Q1 2023.

Through the first three months of the year, Hyundai has sold 6,822 IONIQ 5 models, up 18% from last year, setting another record.

Hyundai-IONIQ-5-record
Hyundai IONIQ 5 (left) and IONIQ 6 (right) at Tesla Supercharger (Source: Hyundai)

Hyundai’s other dedicated EV, the IONIQ 6, also saw higher demand. IONIQ 6 sales reached 1,984 in March (+794% YoY) for a total of 3,646 in Q1.

The release comes after EV startup Rivian announced this morning it delivered 13,588 vehicles in Q1 as it preps to shutdown its Normal, IL manufacturing plant for upgrades.

Tesla missed expectations by a wide margin with 386,810 EVs delivered in Q1, compared to the consensus of around 431,000.

Hyundai-Kona-Electric-MSRP
2024 Hyundai Kona EV (Source: Hyundai)

The Kona EV, one of the most affordable electric cars in the US, with starting prices under $33,000, also had its best-ever Q1 sales. Hyundai upgraded the Kona EV in 2024 in every way with more range, faster charging, and a sleek design.

Hyundai’s new sales records come after slashing EV prices and offering significant incentives. The Hyundai IONIQ 6 and Kona EV are two of the cheapest vehicles (EV or gas-powered) to lease, starting at just $169 per month.


2024 Hyundai IONIQ 5 trim
Starting Price
(excluding destination fee)
Range
(EPA est miles)
SE Standard Range $41,800 220
SE $45,850 RWD: 303
AWD: 260
SEL $47,400 RWD: 303
AWD: 260
Limited $53,500 RWD: 303
AWD: 260
D100 $59,400 260
2024 Hyundai IONIQ 5 prices and trim options

The IONIQ 6, according to a new report from Boston Consulting Group, is the only EV that meets potential buyers’ price, range, and charging targets. Tesla’s Model 3 was the next closest to hitting the threshold.

2024 Hyundai IONIQ 6 trim

Estimated Range
(miles)
Starting Price
SE Standard Range RWD 240 $38,615
SE RWD 361 $43,656
SEL RWD 305 $46,365
Limited RWD 305 $51,265
SE Dual Motor AWD 316 $47,065
SEL Dual Motor AWD 270 $49,865
Limited Dual Motor AWD 270 $54,765
2024 Hyundai IONIQ 6 starting price and range

If you’ve been eyeing Hyundai’s fully electric vehicles, now may be the best time to start shopping. We can help you get started today. You can use our links below to find great deals on Hyundai’s electric models at a dealer near you.

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Tesla preps a remote control team for robotaxi – taking a page out of Waymo’s book

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Tesla preps a remote control team for robotaxi - taking a page out of Waymo's book

Tesla has confirmed through a new job listing that it plans to establish a ‘teleoperation’ team to remote control its upcoming robotaxi fleet.

It’s something that Tesla really needs in order to deliver a robotaxi service, and something that market leader Waymo has already deployed.

Waymo and Tesla have widely different approaches to self-driving.

The former is using a variety of sensors from cameras to lidars and operates its self-driving ride-hailing service, which is already commercially available in several markets, in geo-fenced areas that are mapped.

As for Tesla, the automaker relies entirely on cameras and neural networks, which it plans to train to the level of being capable of operating anywhere autonomously.

Tesla CEO Elon Musk has often dismissed Waymo’s strategy as “not being scalable” due to the mapping and geo-fencing issues.

But now there’s one thing that Tesla is taking from Waymo’s approach: teleoperation.

Waymo can be a bit vague when talking about the level of teleoperation with its vehicles, but we know that the vehicles can send a “stuck” alert and a team of remote Waymo employees can debug them.

Now, Tesla is also establishing a teleoperation team, according to a new job listing:

Tesla AI’s Teleoperation team is charged with providing remote access to our robotaxis and humanoid robots. Our cars and robots operate autonomously in challenging environments. As we iterate on the AI that powers them, we need the ability to access and control them remotely. This requires building highly optimized low latency reliable data streaming over unreliable transports in the real world. At Tesla, we control the entire hardware and software stack, end to end. Our goal is to integrate our hardware, firmware and backend expertise to achieve a cutting-edge system. Our remote operators are transported into the device’s world using a state-of-the-art VR rig that allows them to remotely perform complex and intricate tasks. Working with hardware teams, you will drive requirements, make design decisions and implement software integration for this custom teleoperation system.

The job is specifically for C++ Software Engineer and the main responsibility is to develop the application that the remote operators will use to assist the robotaxis.

Tesla claims that it will start deploying fleets of robotaxis in California and Texas in Q2 2025.

As for the humanoid robots, Tesla has already started to use them for simple tasks in its manufacturing facilities, but that’s expected to ramp up next year.

Electrek’s Take

This should enable Tesla to launch a service similar to Waymo without having to achieve a “superhuman level of miles between disengagement.”

However, it wouldn’t be exactly what Tesla promised: level 5 full autonomy.

Again, it would enable a similar service that Waymo has been offering for years. To be clear, I’m not against it. It will help Tesla deliver a useful robot ride-hailing service.

It will also be interesting to learn the level of teleoperation Tesla plans to deploy. For example, Waymo has confirmed that its remote team can answer questions from its vehicles to help unstuck them, but it’s not clear if they can actually be remotely operated.

Tesla did lose some credibility on that front after its ‘We, Robot’ event after it didn’t disclose that it’s robots at the event were remotely control before demonstrating them.

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Tesla (TSLA) introduces new direct discount in China at critical time

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Tesla (TSLA) introduces new direct discount in China at critical time

Tesla (TSLA) has introduced a new direct discount for the Model Y in China as the latest of a series of incentives to boost demand during this critical end-of-quarter push.

The automaker regularly offers discounts at the end of every quarter, but the incentives to boost demand have been the most wide-ranging ever this quarter.

Over the last month, we have been documenting the many sale incentives and discounts that Tesla has put in place to ensure it creates the demand for a record quarter.

Tesla aims to deliver a record number of more than 515,000 vehicles in Q4 in order for its sales not to be down for the whole year. That’s ~30,000 more vehicles than Tesla’s last record quarter, which was Q4 2023.

In Europe, the incentives include a year of free Supercharging and heavy discounts on inventory vehicles.

In the US, there are also good inventory discounts, 3 months of free Supercharger and Full Self-Driving subscription, FSD transfer, and more.

More recently, Tesla also slashed the lease price of the base Model Y and even offered discounted home charging under Tesla Electric for those taking delivery of new vehicles.

And everywhere, Tesla is heavily subsidizing loans with lower interest rates. That has been the main incentive in China, Tesla’s biggest market, until now.

Tesla’s New Discount in China

Today, Tesla announced that it is offering a ¥10,000, the equivalent of $1,380 USD, discount on the final payment for new Model Y vehicles:

The new discount can be combined with Tesla’s subsidized 0% interest financing, which has been Tesla’s main incentive in China all year.

Electrek’s Take

Based on insurance data, Tesla is tracking ahead of last year’s deliveries in China, but it is going to need to beat its last record by a significant margin to make sure not to be down for the whole year.

Model Y is Tesla’s most popular vehicle, but Tesla is also going against the expectation of the design refresh coming early next year, which can negatively affect demand.

This discount is likely to combat that and maintain Tesla’s current good momentum in China.

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Update: Hyundai and Kia are now recalling more than 200K EVs

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Update: Hyundai and Kia are now recalling more than 200K EVs

We now have more details on the massive recall, which just keeps growing. Hyundai and now Kia are recalling more than 208,000 electric vehicles in Canada and the US to fix a problem with the loss of driving power, which can increase the risk of a crash.

For the second time this year, the automakers are recalling huge swathes of EVs and other “electrified” vehicles in North America, citing concerns about a loss of driving power, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

In the US, Hyundai is recalling 145,235 EVs, including the 2022 through 2024 Ioniq 5, the 2023 through 2025 Ioniq 6, GV60 and GV70, and the 2023 and 2024 G80. In Canada, Hyundai is recalling 34,529 vehicles that were produced between March and November of this year, according to Automotive News Canada.

As for Kia, the recall includes close to 63,000 Kia EV 6 vehicles from 2022 through 2024 in the US, but the company has yet to offer details on its Canada recall.

Kia-EV-sales-goal
Kia EV6 (Source: Kia)

It looks like the issue stems from “the integrated charging control units in these vehicles, which may become damaged and fail to charge the 12-volt battery. This malfunction could lead to a complete loss of drive power, posing safety risks for drivers,” the NHTSA stated.

Back in March, Hyundai, Kia, and Genesis issued a similar recall for 147,110 electric vehicles – that recall centered, again, around damaged integrated charging control units failing to charge the battery.

The South Korea automaker has said that all owners of affected vehicles will be notified by letter mail on the next steps to take. This will involve bringing your vehicle to one of the company’s dealers to inspect and replace the charging unit and its fuse if necessary, along with performing a software update for the charging units.

2025-Hyundai-IONIQ-5-prices
2025 Hyundai IONIQ 5 (Source: Hyundai)

Importantly, no crashes, injuries, fatalities, or fires due to this issue have been reported in the US or Canada, Hyundai reported.


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