Hyundai Ev Market Share

Key Takeaways Q2 2025 EV market share numbers are here, revealing a clear picture of the market heading into spring buying season. General Motors saw big gains, while Ford, VW, and Hyundai Group reported declines. Tesla remains the dominant player with 46% market share in the U.S.

In Q3, buyers are rushing to take advantage of federal EV incentives, which are set to expire in September. Hyundai Motor Group, including Kia and Genesis, is taking the US EV market by storm this year. After reaching double-digit market share, Hyundai continued closing the gap with Tesla as the second.

EV sales surge 72% year-over-year FOUNTAIN VALLEY, Calif., Sept. 3, 2025 - Hyundai Motor America reported August total sales of 88,523 units, a 12% increase compared with August 2024 and an all-time August record. Hyundai set total sales records in August for Elantra N, Elantra HEV, Santa Fe HEV, Palisade, IONIQ 5, and Santa Fe family.

Hyundai's U.S. EV market share drops to 7.6%, trailing Tesla and GM, highlighting challenges in competition and model relevance. The group's 10% market share puts it far ahead of Ford (7.4%) and General Motors (6.3%) in EV volume.

It's worth noting that on a single brand-by-brand basis, however, Ford is ahead of Hyundai and. In 2024, they achieved an 11.2% market share, with 48,383 units sold. Reducing the Gap with Tesla Tesla remains the leading EV manufacturer in the U.S.

In 2020, the gap between Tesla and the combined Hyundai-Kia market share was whopping 73.2 percentage points. By 2021, this gap had narrowed to 65.4 percentage points. With a 10% market share in the US electric vehicle industry, Hyundai Motor Group has emerged as a formidable competitor to Tesla, retaining its spot as the second.

On Jan 13, The Korea Automobile & Mobility Association said Hyundai Motor Group (HYMTF, Financial) remained the second largest electric vehicle (EV) seller in the US market after Tesla (TSLA, Financial). Hyundai and Kia sold around 123,000 EVs, cutting into a market share of 10%, while Tesla sold 591,400 units. Hyundai Motor Group has achieved a significant milestone in the U.S.

electric vehicle (EV) market, securing a 10% market share from January to July this year. Hyundai Motor Group, which includes Kia and Genesis, accounted for 10% of the U.S. EV market through the first seven months of 2024, outpacing Ford (7.4%) and GM (6.3%).

Electrek reports: Although IONIQ 5 and 6 sales slipped last month, they are still up 25% and 54% year-to-date, respectively. Mean.