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 (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.
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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For those who don’t remember, the rollout of the previous refresh was terrible. Tesla took orders for almost a year, but it waited for almost another year to start deliveries due to problems ramping up production.
Now, it appears that deliveries in Europe will occur within 6 months of the refresh and within weeks of ordering for most people.
That said, the mid-cycle refresh has been considered mild and isn’t likely to have a significant impact on sales.
I wouldn’t expect more than a few thousand Model S/X sales in Europe per year.
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Uber gets it. The rideshare behemoth has observed the upward trend of EV adoption across its database of customers and drivers and is helping to support that transition. Beginning today, the “Uber Green” ride option is now called “Uber Electric,” visible to all app users worldwide. To celebrate the transition, Uber is offering discounted rides for those opting for electric vehicles, and drivers may also qualify for a $4,000 grant.
At this point, Uber is a household name in the rideshare and logistics industries. Hell, it’s even a verb at this point. You don’t get this far without innovation and foresight, something the $200 billion company has excelled at to constantly evolve and adapt.
I recall when Uber initially offered only black town cars. Now you can order an UberX, Uber XL, Uber Comfort, Uber Eats, Uber Pet, rent a car, order groceries… the list goes on. In terms of electric vehicle adoption, Uber has long shown interest in the technology and quickly understood that EVs are ideal for the gig economy that comprises its market.
We’ve seen Uber partner with several autonomous vehicle developers, many of which operate fleets of electric vehicles. In fact, we’ve covered so many partnerships between Uber and other exciting mobility companies that we can’t begin to name all of them.
Today, Uber has recognized the dwindling incentives available to US drivers interested in going electric and has tweaked its rideshare offerings to promote more sustainable options.
Source: Uber
Uber Green goes full-electric worldwide today
According to an email sent from Uber this morning, Uber Green has been renamed Uber Electric. Per the company, the new name “reflects record EV growth on our platform, making it easier for riders to choose zero-emissions rides.”
Uber elaborated that over 200,000 EVs are driving on its global network, and 1 in 4 of its customers say their first-ever EV ride was through the Uber app (I hope it wasn’t in the back seat of a Model Y, because that’s a rough ride).
Today’s transition builds upon Uber’s decision to make Uber Green (a mix of hybrids and EVs) fully electric in the US earlier this year. Those parameters now apply to the entire rideshare network. Pradeep Parameswaran, Global Head of Mobility at Uber, spoke:
Uber Electric is more than a new name, it represents the real progress we’ve made toward electrifying our platform globally over the past five years. Thousands of drivers are leading the charge, choosing electric and helping cities improve air quality. We’ll keep supporting drivers by removing barriers to EV adoption and working with cities to improve access to charging.
To celebrate the transition to Uber Electric, the company is offering customers 20% off (up to $8) their next EV ride when they use promo code GOELECTRIC20 (valid for 7 days).
Additionally, Uber has recognized the expired federal grant of $4,000 for used EV purchases in the US and is keeping that incentive alive in certain states to entice drivers to continue to go fully-electric. The company’s “Go Electric” grants will offer eligible Uber drivers up to $4,000 toward new and used electric vehicle purchases, but only in the following regions:
California
Colorado
Massachussetts
New York City
Uber’s grant can be combined with other individual state incentives, making it easier than ever for drivers to go electric, depending on their state. Uber pointed out that US drivers nationwide can still receive $1,000 toward any new or used EV purchased through TrueCar.
Go electric! Opt for the EV option on your next ride and use that discount code!
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Tesla is recalling approximately 13,000 recent Model 3 and Model Y vehicles built earlier this year due to a battery pack defect that can result in power loss.
In August, Tesla started getting reports of power losses in new Model 3 and Model Y vehicles.
After reviewing 36 warranty claims and 26 field reports, the automaker identified a defect in some battery pack contactors that could potentially affect approximately 8,000 Model Ys and 5,000 Model 3s built in the US between March and August 2025.
Tesla wrote in the recall notice:
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The recall population includes certain Model Year (“MY”) 2025 Model 3 vehicles manufactured between March 8, 2025, and August 12, 2025, and MY 2026 Model Y vehicles manufactured between March 15, 2025, and August 15, 2025, that are equipped with a battery pack contactor manufactured with InTiCa solenoid.
If the battery pack contactor opens when the vehicle is in drive, it loses power and ability to apply torque, which may increase the risk of a collision – hence the safety recall.
The automaker identified Sistemas Mecatrónicos InTiCa S.A.P.I., a tier 2 supplier in Mexico, and SongChuan, a tier 1 supplier in Taiwan, as being involved in the recall.
Tesla confirmed that it is contacting all potentially affected owners and it will replace the affected contactor with “a certified contactor that does not contain InTica solenoid and that maintains coil termination connection” at no cost to owners.
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