this post was submitted on 19 Aug 2024
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[Dormant] Electric Vehicles

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Hyundai Motor Group hits double-digit EV market share in the US, and this is just the start (electrek.co)
submitted 3 months ago by MyOpinion@lemm.ee to c/evs@lemmy.world
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Through the first seven months of 2024, Hyundai, Kia, and Genesis accounted for 10% of the US EV market. Hyundai outpaced Ford (7.4%) and GM (6.3%), according to Motor Intelligence.

Tesla’s share of the US EV market slipped below 50% for the first time in the second quarter. Tesla accounted for 49.7% of EV sales in the US in Q2 as new models hit the market.

Although IONIQ 5 and 6 sales slipped last month, they are still up 25% and 54% year-to-date, respectively. Meanwhile, sister company Kia continued its record-setting performance in July after EV sales nearly doubled YTD.

Kia’s new EV9, its first three-row electric SUV, is a major part of its growth. According to Kelley Blue Book, Kia EV9 sales outpaced the Toyota bZ4X, VW ID.4, Nissan Ariya, Rivian R1T, and Tesla Model S in the US through the first half of 2024. It even topped Kia’s Niro EV sales.

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[–] altima_neo@lemmy.zip 30 points 3 months ago* (last edited 3 months ago) (1 children)

It helps that they have several models on the market. Ford and GM have been dragging their feet in making compelling EVs and instead using EVs as a luxury platform.

[–] Ohmmy@lemmy.dbzer0.com 16 points 3 months ago

Also helps to be the only real option for electric "cars" and not suvs/trucks. For things like the EV6 your only real competitor is Tesla and people hate Musk.