Category: Hyundai

Nov 21

Hyundai Motor Group Surprisingly Beat GM, Ford At EV Sales In Q3 2023

With the third quarter of 2023 fully in the rearview mirror, we can assess the biggest winners in the U.S. race for electric vehicle supremacy. And from the data we’ve seen, it looks like the Hyundai Motor Group’s “hold the line” strategy on EVs is working out nicely—all while some rivals start to slow their roll a bit.

Following our battery electric vehicle sales analysis of the U.S. market concerning individual brands—including volume and share of BEVs in the total volume—today we will take a closer look at the larger automotive groups. The report includes 11 manufacturers for which consistent data are available: BMW Group (BMW and Mini, but without data for the Mini Cooper SE model), Ford Group (Ford and Lincoln), General Motors (the BrightDrop delivery van division, Buick, Cadillac, Chevrolet, GMC), Hyundai Motor Group (Hyundai, but without data for the Hyundai Kona Electric model, Kia and Genesis), Mazda, Mercedes-Benz (excluding its van division), Nissan, Subaru, Toyota Group (Toyota and Lexus), Volkswagen Group (Volkswagen, Audi and Porsche) and Volvo.

Newer companies like Tesla, Rivian, Polestar or Lucid do not break out sales by country or region. Some of the traditional brands also do not report BEV sales in the U.S. or do not sell any BEVs at all in the U.S. (Stellantis), thus they are excluded from the comparison.

BEV Sales By OEMs – Q3 2023

We estimate that the listed 11 traditional automakers represent more than 40 % of the total BEV sales in the U.S. Tesla controls more than half of the market, while the remaining 10% or so is distributed through the rest of the industry. We also anticipate Tesla’s share of the market will decrease and be less than 50% in the not-too-distant future—which is still a lot.

It’s especially notable and interesting that Hyundai Motor Group sold more all-electric cars—28,556 plus an unknown number of Hyundai Kona Electrics since those aren’t broken out—than any other automotive group, excluding Tesla. This is an outstanding result, far outpacing Ford (20,962) and General Motors (20,092), both of which were basically matched by the Volkswagen Group (20,295)—another surprise.

It’s also worth noting that Hyundai, Kia and Genesis together were able to become number one despite being almost completely excluded from the $7,500 federal tax credit incentive outside of leasing. Once the South Korean group starts local production of its mainstream models in the United States, the incentive should be available also when purchasing the car, which will make it an even stronger contender.

The Volkswagen Group is already producing its main model (ID.4) in the U.S., earning full eligibility for the federal tax credit, and this probably helped push it over 20,000 sales recently. Ford and General Motors had a hard time earlier this year, so their results are disappointing, but with a big potential to fight back in the coming quarters if the automakers don’t get too conservative on the EV front.

Meanwhile, let’s also note how strong the German premium brands are. BMW Group clocked 13,079 EV sales without the Mini brand, and Mercedes-Benz came in at 10,423 sales. For reference, Toyota Group barely exceeded 4,000, while Stellantis isn’t even in the game yet.

New All-Electric Car Sales In Q3 2023 – U.S.

  • Excludes Tesla and other OEMs for which data was not available
  • Hyundai sales without the Hyundai Kona Electric model
  • BMW Group sales without the Mini Cooper SE

In terms of how EVs stack up in these companies’ total sales, we can see a very strong position for the foreign automakers—mostly the premium ones, like Mercedes or BMW Group.

But for now, this metric is a bit skewed. Not all brands within particular groups are even offering BEVs, which lowers the average of the large groups compared to single-brand automakers.

All-Electric Car Share In Total New Sales In Q3 2023 – U.S.

Here is a tree map version of the chart:

  • Excludes Tesla and other OEMs for which data was not available
  • Hyundai sales without the Hyundai Kona Electric model
  • BMW Group sales without the Mini Cooper SE
  • Mercedes-Benz (excluding vans)

BEV Sales By OEMs – Q1-Q3 2023

Year to date, this Q3 result means Hyundai Motor Group is the largest automaker after Tesla for all-electric car sales volume in the U.S. The result is at least 61,865 sales.

GM is noticeably behind with 56,414 units. A big surprise is that the Volkswagen Group with 49,995 units is ahead of Ford at 46,671, which in the previous years outlined a plan to be the no. 2 electric automaker after Tesla. If that happens, it’s not gonna be in 2023.

Next, we can see the BMW Group (at least 31,043) and Mercedes-Benz (29,691). The German duo of premium brands, when counted together, would be almost as big as the Hyundai Motor Group.

We can guess, that Rivian also sold at least 30,000 all-electric vehicles during the first three quarters, because of the 30,240 new registrations during the period, according to Experian (via Automotive News).

Nissan recorded 15,503 sales, Volvo 10,843, while Toyota and Lexus together netted almost 9,000.

All the numbers are overshadowed by close to a half million Tesla EVs sold this through Q3.

New All-Electric Car Sales In Q1-Q3 2023 – U.S.

  • Excludes Tesla and other OEMs for which data was not available
  • Hyundai sales without the Hyundai Kona Electric model
  • BMW Group sales without the Mini Cooper SE

Now, let’s take a quick look at the share of all-electric cars in the total sales. The market average for non-Tesla vehicles is probably around four % (potentially closer to three % in the case of the traditional brands.)

It means that only a few traditional OEMs are pushing BEVs really hard: Mercedes-Benz, Volvo, BMW Group and Volkswagen Group, with Hyundai Motor Group as the last one, noticeably above average.

These automotive groups are either directly premium and luxury ones, or include premium and luxury brands. In the case of the Hyundai Motor Group, the relatively high share of BEVs in the total sales appears to be a result of the company’s strategy to seriously invest in the all-electric future.

Ford and GM’s results are average, but let’s note the challenges both companies experience and that some of their brands are not yet offering BEVs. On top of that is a large share of pickup trucks, which electrification barely started in general.

All-Electric Car Share In Total New Sales In Q1-Q3 2023 – U.S.

Here is a tree map version of the chart:

  • Excludes Tesla and other OEMs for which data was not available
  • Hyundai sales without the Hyundai Kona Electric model
  • BMW Group sales without the Mini Cooper SE
  • Mercedes-Benz (excluding vans)

This year, all-electric vehicle sales in the U.S. should easily exceed one million units for the very first time. Some 850,000 units were registered through September (including almost 490,000 or 57% for Tesla), according to Experian.

Nov 21

2025 Hyundai Tucson Unveiled: Fresh Design and Innovative Interior Ahead of European Launch

2025 Hyundai Tucson: A Bold New Look and Innovative Interior

The 2025 Hyundai Tucson has been officially unveiled, showcasing a dramatic redesign set to hit European markets in early 2024. This latest model features a striking new exterior and a modern, tech-forward interior that promises to enhance both style and comfort. With updated design elements and advanced technology, the Tucson is poised to make a significant impact in the competitive SUV segment.

A New Era for Hyundai: What to Expect

The redesigned Tucson introduces a host of features designed to appeal to tech-savvy and style-conscious drivers alike. Highlights include a revamped infotainment system, upgraded driver assistance technologies, and a more spacious, refined cabin. As Hyundai prepares for the European debut, enthusiasts can look forward to a vehicle that combines aesthetic appeal with cutting-edge functionality, setting a new standard for the brand.

Nov 21

Hyundai’s Hydrogen Fuel Cell Truck: Impressive Range and Its Future in the Trucking Industry

Hyundai’s Bold Move Towards Hydrogen Fuel Cells

Hyundai is championing hydrogen fuel cells as the future of commercial trucking, demonstrating the technology’s potential with its Xcient fuel cell trucks. Since 2020, these hydrogen-powered tractors have accumulated over 4 million miles, showcasing their reliability and safety. As Hyundai pushes forward, the question remains: will hydrogen fuel cells redefine the trucking industry?

Xcient’s Impressive Range and Specifications

The Hyundai Xcient fuel cell truck offers an impressive range of over 450 miles per charge, even when fully loaded with a gross combined weight of 82,000 pounds. Powered by two 90-kW hydrogen fuel cell systems and a 350-kW electric motor, the truck meets the rigorous demands of heavy-duty transport. Despite this range being shorter than the 1,800 miles achievable by diesel trucks, it holds promise for safer, more sustainable long-haul journeys.

Evaluating the Practicality and Future of Hydrogen Trucks

While the current 450-mile range may seem limited compared to diesel trucks’ extensive range, the hydrogen fuel cell technology represents a significant step towards greener transportation. With Hyundai’s expansion plans including a move to the U.S. and production set for Georgia, the future of hydrogen trucks looks promising. As the industry debates battery versus hydrogen power, the focus is on how these innovations can collectively transform the trucking landscape.

Nov 20

We Can’t Tell if the Hyundai IONIQ 5 Is a Hatchback or Crossover and That’s OK

The Hyundai IONIQ 5 doesn’t seem like a likely competitor to the Golf GTI or Golf R at first. But the automotive world is changing in a hurry, and cars are getting bigger than ever. With the ultra-hot IONIQ 5 N on the way, it’s time to think about what the future of hot hatchbacks will look like. And is the IONIQ 5 a hatchback or crossover to start with?

By the numbers the Hyundai IONIQ 5 is a big hatchback

Understanding what defines a hatchback or crossover isn’t easy in 2023. But comparing the Hyundai IONIQ 5 to the Golf R and Mazda CX-30 SUV shows that the Hyundai EV is more hatchback than crossover. To start with, it’s 6.1 inches of ground clearance is more akin to a modern hatchback. The sporty Golf R, for its part, has 4.7 inches of ride height. Meanwhile, the compact Mazda CX-30 SUV is eight inches off the ground. That said, the IONIQ 5 is both longer and wider than the Golf R and the Mazda crossover. All told, though, ride height says more about a car’s intended purpose than its overall size, and in that regard the IONIQ 5 leans hatchback, even with its larger proportions.

The N Performance version leans hard into hot hatch territory

Then we come to the upcoming Hyundai IONIQ 5 N. This is Hyundai’s next-generation performance EV, and so far it looks like it’s ready to deliver. Firstly, the N chucks out 641 all-electric horsepower, making it twice as punchy as the fastest current IONIQ 5 model. Furthermore, a new braking system includes 15.8-inch front and 14.2-inch rear brake rotors for track-ready stopping power. And with a 0.8-inch lower ride height, the IONIQ 5 N now sits just 5.3 inches off the road.

All told, the Hyundai IONIQ 5 N has all the makings of a next-generation hot hatch, even with a massive wheelbase and track. Those features, to be fair, give the IONIQ 5 nimble handling. With the wheels pushed toward the corners of the chassis, there is a sense of corner-carving control even in this 5,000-pound all-electric behemoth.

N Torque Distribution adds to the handling chops of the IONIQ 5 N

We have yet to experience the Hyundai IONIQ 5 N, but Hyundai is certainly pulling out all the stops to indicate that this is a serious performance E. N Torque Distribution optimizes power delivery at all four corners to enhance both cornering capability and traction. And with an N Drift Optimizer, the Hyundai performance EV aims to make us all look like heroes when it’s time to throw it sideways. There are even knee pads and seat bolsters like you get in modern track cars – all touches aimed at delivering a high-performance driving experience that isn’t just for show.

Weight may still hold the IONIQ 5 back from being a true hatchback

For the most part, the IONIQ 5 does offer a genuine hatchback experience, even with its considerable size. But how it manages its 4,300-pound curb weight will ultimately decide if the IONIQ 5 N is a true hot hatchback or simply a quick crossover. The base IONIQ 5 is a great start, but like the vanilla Toyota Corolla Hatchback, is more about comfort than handling. If Hyundai’s N Performance team can make this thing dance, the future of hot hatches may not look so bad after all.

Nov 20

Comparing the Chevrolet Blazer EV, Tesla Model Y, and Hyundai Ioniq 5: A Comprehensive Test

A Thorough Examination of Electric Crossovers

Edmunds recently conducted an in-depth comparison of three leading midsize electric crossovers: the Chevrolet Blazer EV, Tesla Model Y, and Hyundai Ioniq 5. Each model was evaluated on a range of criteria, including performance, technology, and overall value, to determine how they stack up against each other. This detailed review offers valuable insights for potential buyers looking to choose between these innovative electric vehicles.

Key Findings and Highlights

The Chevrolet Blazer EV, Tesla Model Y, and Hyundai Ioniq 5 each bring unique strengths to the table. Edmunds’ analysis highlights the Blazer EV’s robust design and Chevrolet’s focus on integrating advanced technology, while the Model Y stands out for its cutting-edge features and strong performance. Meanwhile, the Ioniq 5 impresses with its futuristic design and efficient use of space, offering a well-rounded package for eco-conscious drivers.

Oct 18

The 2023 Toyota Venza Beats the Hyundai Santa Fe Hybrid at Its Own Game

Speaking of games, the midsize SUV segment is all about it. If you thought finding a good sport utility vehicle in the segment would be easy, the sheer number of options indicates that won’t be the case. Take these two hybrid SUVs from Toyota and Hyundai. The 2023 Toyota Venza is a pretty good contender against the 2023 Hyundai Santa Fe Hybrid. Here’s why: it gets better fuel economy and has a lower starting price.

The 2023 Toyota Venza is more fuel-efficient than the Hyundai Santa Fe Hybrid.

A few reasons make the 2023 Toyota Venza a good midsize SUV, and its excellent fuel economy is one of the bigger ones. For this year, Toyota decided the Venza would be hybrid only. That actually serves this SUV quite well, giving it a smooth and mostly quiet ride.

The hybrid powertrain also makes the Venza one of the more fuel-efficient SUVs in Toyota’s lineup. It gets 40 mpg in the city and 37 mpg on the highway. After driving the Venza for a week, my fuel economy numbers were usually even higher. In fact, after driving the Toyota Venza around for a week, I didn’t even need to hit the gas station before handing it over. Read more about our week with the ridiculously smooth 2023 Venza here.

The 2023 Hyundai Santa Fe Hybrid gets a lot right, but it gets interestingly low fuel economy numbers. Hyundai says it gets 33-36 mpg in the city and 30-31 mpg on the highway. Those are still respectable numbers but come in a little low for a hybrid SUV.

Don’t overlook the 2023 Toyota Venza price

The 2023 Toyota Venza price starts at $34,620 for the base LE trim, while a fully loaded Limited is $42,765. As for the 2023 Hyundai Santa Fe Hybrid, the base Blue model starts at $36,210. A fully loaded Limited trim is $41,870 for 2023. The Venza starts at $1,590 less than the Hyundai and has one extra trim option for shoppers to choose from.

2023 Toyota Venza MSRP 2023 Hyundai Santa Fe Hybrid MSRP
LE $34,620 Blue $36,210
XLE $38,830 SEL Premium $40,070
Nightshade $39,955 Limited $41,870
Limited $42,765

The Venza LE has many safety features and technology to make life easier. That includes wireless Apple CarPlay, Android Auto, and wireless device charging. Toyota included dual-zone climate control, LED headlights, and a hands-free liftgate. We found the wireless services worked quite well in the Venza, even compared to some other Toyota SUVs. The infotainment system worked quickly, and the important settings were easy to locate and change.

The 2023 Hyundai Santa Fe Hybrid has similar offerings across the trim levels, including wireless charging and streaming services. It has many USB ports, dual-zone climate control, and a power liftgate. Hyundai included all of the important creature comforts, but the Santa Fe doesn’t offer a very plush interior. It gets the job done either way.

Toyota’s Venza interior is high-end

Though less important, the 2023 Venza interior slightly upsets the hybrid SUV. It takes cues from popular Lexus SUVs and uses high-end materials throughout the cabin. The infotainment system is easy to use, and Toyota adds plenty of convenience features to sweeten the deal. The Venza’s fuel economy is its biggest strength, but it is a well-rounded SUV in many ways.

Hyundai has a solid hybrid SUV in the Santa Fe, but it does get the best fuel economy, and the higher starting price is a detractor. The infotainment system is also slightly finicky. Overall, the Santa Fe is still an excellent SUV, but the Venza is surprisingly good in comparison. Depending on what your priorities are, the hybrid Toyota SUV might make a lot of sense.

Oct 18

Hyundai Ioniq 6 Lease Becomes More Affordable Than Tesla Model 3 Amid EV Price Competition

Enhanced Affordability in Hyundai’s Electric Lineup

Hyundai has made a significant move in the electric vehicle (EV) market by further reducing the lease prices of its Ioniq 5 and Ioniq 6 models in the United States, intensifying the ongoing price competition initiated by Tesla earlier this year. These reductions, amounting to $50 a month, bring the lease rates for these vehicles to their lowest point yet, with the Ioniq 6 SE now available for just $299 per month on a 36-month lease. This strategic price cut was detailed in a recent dealer bulletin and positions Hyundai aggressively against rivals, especially Tesla.

Comparative Savings and Market Impact

This latest price adjustment makes the Hyundai Ioniq 6 notably more economical than the Tesla Model 3 by $44 per month, giving it an effective monthly cost of $438. Such pricing not only makes the Ioniq 6 a more attractive option over other EVs, such as the Kia EV6 and various economy hybrids but also escalates the affordability of electric vehicles, encouraging wider consumer adoption. Additionally, Hyundai’s pricing strategy includes substantial purchase incentives and attractive financing options, enhancing the value proposition of its electric models.

Broader Implications and Consumer Benefits

As Hyundai continues to adjust its pricing strategy, it highlights the competitive dynamics within the EV sector, where manufacturers are increasingly leveraging financial incentives to attract buyers. Hyundai’s approach, particularly in not qualifying for federal tax credits while still offering significant rebates and financing deals, reflects a nuanced strategy to maintain market competitiveness and appeal to a cost-conscious consumer base. This scenario underscores the evolving landscape of the automotive industry as it shifts towards electric mobility, with affordability and accessibility becoming key drivers in consumer decision-making.

Aug 20

Hyundai Ioniq 5 Shines Bright This Summer: Sales Surge and Popularity Soar

Hyundai Ioniq 5 Sees Remarkable Sales Growth

This summer has been exceptionally successful for Hyundai, particularly for the Ioniq 5. The electric vehicle has witnessed a staggering 109.05% increase in sales during the second quarter of 2023, jumping from 1,978 units in 2022 to 4,135 units this year. This impressive rise in sales isn’t a one-off; overall year-to-date numbers are also climbing, highlighting the growing consumer interest in this innovative model.

Despite fierce competition, the Ioniq 5 stands out with its substantial growth, outpacing many other vehicles, though not all. Vehicles like the Toyota Sequoia and Volvo C40 have seen significant increases, but none have matched the Ioniq 5’s sales volume. For example, the Toyota Sequoia’s sales surged dramatically by over 13,000%, yet it started from a much smaller base of just 12 units.

Exploring the 2023 Hyundai Ioniq 5’s Features

The 2023 Hyundai Ioniq 5 offers compelling features that contribute to its rising popularity. With a base 58-kWh battery providing a range of 220 miles, and an optional 77.4-kWh battery extending the range to 303 miles, it meets the needs of most daily drivers. The vehicle’s advanced features include a 12.3-inch infotainment screen, automatic emergency braking, and adaptive cruise control, making it a strong contender in the EV market.

Although the Ioniq 5 is not a direct competitor to high-end models like the Ford Mustang Mach-E or Tesla Model Y, it excels in affordability and value. Its ability to connect with DC fast chargers is a plus, though the availability of these stations remains limited. Hyundai’s offerings, including a robust warranty and a competitive price point starting around $42,785, add to its appeal, making it a practical choice for many consumers.

Factors Behind the Hyundai Ioniq 5’s Growing Popularity

The Ioniq 5’s surge in popularity can be largely attributed to its attractive price and comprehensive warranty. At around $42,785 with destination fees, it offers exceptional value for an electric vehicle, especially with its long list of features. Hyundai’s warranty, mirroring Kia’s five-year/60,000-mile coverage, further enhances the vehicle’s appeal, providing peace of mind for long-term ownership.

Moreover, positive reviews and numerous awards have helped boost the Ioniq 5’s reputation among both critics and consumers. As the model garners acclaim for its affordability, warranty, and overall performance, it continues to attract attention and gain traction in the competitive EV market.

Aug 20

Unveiling the Price of the Top-End 2023 Hyundai Nexo

The 2023 Hyundai Nexo continues to stand out as the brand’s sole fuel cell vehicle, merging advanced technology with a unique power source. This year, the Nexo returns with a price tag that might seem steep for an SUV but comes with potential savings that can make it more palatable. Before any discounts, what does the fully-loaded 2023 Hyundai Nexo cost?

Standard Features of the Hyundai Nexo Blue Trim

Starting at $60,135, the Hyundai Nexo Blue is the more budget-friendly option in the lineup. It harnesses a battery and fuel-cell stack that collectively deliver 161 horsepower and 291 lb-ft of torque. The Nexo Blue is equipped with a front-wheel-drive system and a single-speed transmission, boasting an impressive 380-mile range and a rapid refueling time of just five minutes.

Inside, the Nexo Blue offers vegan H-Tex synthetic leather seating for five, complete with power lumbar support and heated seats as standard. Central to the tech offerings is a 12.3-inch touchscreen that facilitates navigation and smartphone connectivity, supplemented by a 10.25-inch digital gauge cluster and a wireless charging pad.

Safety is a priority in the Nexo Blue, which includes advanced driver aids like blind-spot monitoring, forward-collision warning with pedestrian detection, and adaptive cruise control. Each vehicle also comes with a three-year Blue Link subscription, which allows remote start, door locking, and climate settings adjustments.

Premium Upgrades in the Hyundai Nexo Limited

Priced at $63,585, the Hyundai Nexo Limited does not introduce new power options but enhances comfort and convenience. This trim reduces its range slightly to 354 miles due to its larger 19-inch wheels. Additional luxuries include a sunroof, hands-free liftgate, and roof rails, elevating its practicality and appeal.

The Limited’s cabin features ventilated seats, a heated steering wheel, and an upgraded Krell audio system. The advanced driver-assistance systems (ADAS) are expanded to include remote parking assist and a surround-view parking camera, ensuring comprehensive coverage for safety and convenience.

Currently, the Nexo Limited doesn’t have optional packages, but it does come in four exterior colors at no extra charge. A significant $30,000 dealership discount is available until September 5, making this premium model an even more attractive purchase at potentially as low as $29,085 after a maximum $4,500 rebate.

Is the Hyundai Nexo Right for You?

The Hyundai Nexo is primarily available in California, the only state with the necessary hydrogen fueling infrastructure to support fuel cell vehicles. This limitation means that unless you’re a resident of California, the Nexo isn’t a practical choice. While not the fastest or most exhilarating EV on the market, the Nexo shines in range and interior space, offering a compelling option for those prioritizing these aspects over speed.

Despite its niche appeal, the Nexo provides excellent interior space, including nearly 57 cubic feet of cargo capacity. While its full-price value may be debatable, the discounted rate for the top-tier Nexo Limited makes it a steal for Californians able to capitalize on current offers.

Aug 20

Why the Hyundai Ioniq 5 Outperforms the Hyundai Nexo: A Comparison of Electric and Hydrogen Vehicles

The Hyundai Nexo, an innovative hydrogen fuel cell vehicle, struggles to gain traction compared to its electric sibling, the Hyundai Ioniq 5. While the Nexo’s technology is advanced, its limited refueling infrastructure significantly impacts its appeal. In contrast, the Ioniq 5 benefits from widespread charging options, contributing to its far superior popularity and sales.

Challenges Facing the Hyundai Nexo

The Hyundai Nexo relies on hydrogen fuel cells, which necessitate refueling at specialized stations. Currently, these stations are predominantly located in California, with a few in other states and territories, such as a single station in Honolulu, Hawaii. This restricted availability makes owning a Nexo impractical for most U.S. residents, limiting its appeal compared to more accessible electric vehicles.

Success of the Hyundai Ioniq 5

In contrast, the Hyundai Ioniq 5 offers a conventional lithium-ion battery that can be charged at numerous locations nationwide. This flexibility makes it far more convenient for a broader audience, resulting in a notable increase in sales. With over 18,000 units sold this year alone, the Ioniq 5 outperforms the Nexo by a significant margin, demonstrating the advantages of widespread charging infrastructure.

Advantages and Disadvantages

Despite the Nexo’s impressive hydrogen refueling speed—just five minutes for a full tank—and its substantial range of up to 380 miles, it is overshadowed by the Ioniq 5’s broader appeal and lower cost. The Ioniq 5’s starting price is under $42,000, making it more affordable than the Nexo, which starts at over $60,000. While the Nexo excels in range and fast refueling, the Ioniq 5’s convenience and cost-effectiveness make it a more attractive option for many buyers.