Hyundai’s Electrified Vehicles Dominate October Sales. What’s Driving Demand?
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Hyundai’s Electrified Vehicles Dominate October Sales. What’s Driving Demand?

Hyundai IONIQ 5 at Electrify Expo San Francisco
  • Hyundai hit record October sales with 71,802 units sold, an 18% increase over last year.
  • Key models like the IONIQ 5 and Tucson HEV saw major sales boosts of 51% and 140%, respectively.
  • Hyundai unveiled the IONIQ 9, a three-row electric SUV, and partnered with Waymo for autonomous tech in the IONIQ 5.

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Hyundai is on a roll in the electric vehicle (EV) market, setting record sales this October. Hyundai Motor America sold an impressive 71,802 units, marking an 18% jump from last year.

With a lineup featuring all-electric, plug-in hybrid, and hybrid models, Hyundai is breaking sales records across the board, showing that demand for its electric vehicles is real and growing fast.

In October, the IONIQ 5 saw a remarkable 51% sales increase, while the popular Tucson HEV hybrid shot up by an impressive 140%.

“Hyundai has set a total sales record in the month of October for the third consecutive year,” stated Randy Parker, CEO of Hyundai Motor America. Parker highlighted that, “the Santa Fe HEV, Tucson HEV, and IONIQ 5 led the way, showcasing strong demand for our electrified vehicles that offer cutting-edge technology and exceptional design.”

Hyundai’s success shows its strong commitment to reliable, innovative electric and hybrid models that are gaining popularity with drivers across the U.S.


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Hyundai’s EV and Hybrid Sales Surge as Demand for Sustainable Vehicles Rises

Hyundai’s EV and hybrid models are becoming mainstays in the American automotive market. This October, sales of hybrid vehicles jumped a substantial 91%, reflecting surging demand for Hyundai’s electrified offerings.

The Tucson HEV and Santa Fe HEV set new sales records, showing that Hyundai is a strong player in the hybrid market. These numbers highlight a shift in what consumers want: eco-friendly vehicles that still deliver on style and power.

The IONIQ 5 stands out in Hyundai’s lineup, offering an all-electric SUV experience that pairs sustainability with a futuristic design. Sales jumped to 4,498 units in October, up from 2,979 the previous year. This 51% increase highlights a clear preference among buyers looking for all-electric options that balance performance with design.

It’s no wonder the IONIQ 5 won the Cars.com Top Pick, 2-Row Electric SUV, confirming its place as a leading Hyundai EV.

Hyundai’s IONIQ 6, though slightly down in October, remains a staple of Hyundai’s electric offerings and earned the Cars.com Top Pick for Electric Car and Value EV. Together, the IONIQ 5 and IONIQ 6 make a strong pair, offering an electric SUV and car that are ideal for drivers ready to go electric.


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Record-Breaking October for Hyundai’s Tucson and Santa Fe Hybrid SUVs with 140% and 136% Sales Surge

October also marked the best month ever for Tucson HEV and PHEV, models that blend hybrid efficiency with SUV practicality, delivering excellent mileage and performance. These models saw a remarkable 140% increase in sales, showing that consumers are drawn to hybrid options that bridge the gap between traditional engines and all-electric power.

GM to make plug-in hybrids like the Hyundai Tucson

The Santa Fe HEV follows closely, setting sales records with an astounding 136% jump in October. Its spacious interior, innovative features, and reliable hybrid engine resonate with families and individuals alike, who see the value in a Hyundai hybrid SUV that combines range with reduced emissions.


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A First Look at the IONIQ 9, A New Era of Family-Friendly Electric SUVs Unveils This Month

The upcoming Hyundai IONIQ 9 is turning heads for good reason. First previewed by the Seven concept back in 2021, this three-row electric SUV, designed with families in mind, will offer plenty of space and the latest in EV tech.

Hyundai hints that it will come with an impressive range, advanced battery technology, and a minimalist interior that keeps comfort front and center.

As Hyundai continues to expand its EV lineup, the IONIQ 9 stands out as a top choice for families and larger groups. And the excitement is just getting started. Hyundai will be releasing more teaser content across its social channels, building anticipation for the IONIQ 9’s World Premiere this month.

“We look forward to showing the world our new definition of EV performance, comfort, and spaciousness,” Hyundai shares.


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Hyundai Expands EV Leadership with Waymo Partnership and Hydrogen Innovations

Looking beyond individual sales numbers, Hyundai is dedicated to broader EV and hybrid expansion through strategic partnerships and forward-looking concepts. Their recent collaboration with Waymo, which integrates Waymo’s autonomous driving technology into the IONIQ 5, represents a move toward autonomous driving.

Hyundai and Waymo Enter Multi-Year Strategic Partnership for autonomous driving

Additionally, Hyundai’s INITIUM hydrogen fuel cell vehicle (FCEV) concept, unveiled at the Clearly Committed event, highlights the company’s leadership in sustainable energy.

Hyundai’s strategy covers all the bases, with continuous breakthroughs in battery and fuel cell technology keeping the brand as a leader in electrification of the automotive industry.

Leading the charge is Hyundai President José Muñoz, who’s been recognized for his work pushing Hyundai’s EV goals forward, earning the Visionary Leader award at the 2024 Reuters Events Automotive D.R.I.V.E Honours.


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Hyundai’s EV and Hybrid Numbers Tell the Story

Hyundai’s year-to-date sales numbers further illustrate the momentum building behind the brand. Total sales for 2024 have reached 682,296 units, a 4% increase from last year.

Hyundai electric vehicles and hybrids are clearly in high demand, with models like the Tucson, Elantra, and Sonata hybrids finding their place among those wanting efficiency with flair.

October’s results show that Hyundai’s strategy to “charge up” its lineup is paying off, with vehicles that truly suit different lifestyles and needs. And as Hyundai keeps rolling out more electric options, buyers will have even more to choose from.


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SOURCE | IMAGES: HYUNDAI, ELECTRIFY EXPO

FTC: We use income-earning auto affiliate links. Learn more.

AUTHOR: 

RANDI BENTIA

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