Hyundai Motor Company is driving the path of change, with July 2023 figures showcasing its robust growth in the electric vehicle (EV) sector. With a 1.2 percent increase in global vehicle sales compared to the previous year, and a notable 24 percent rise in all-electric car volume, Hyundai is demonstrating its dedication to eco-friendly mobility.
The company’s sales increase is way more than last year, 5.8 percent to be precise
The South Korean automaker’s emphasis on Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) is apparent. Wholesale shipments of these green options reached 23,769 units, making up 7.1 percent of the total sales. This figure represents a significant increase from 5.8 percent a year ago.
The Hyundai brand, a driving force behind the company’s plug-in car sales, noted a 28 percent year-over-year boost in wholesale shipments. Notably, two models, Ioniq 5 and Ioniq 6, based on the innovative E-GMP platform, constitute close to two-thirds of Hyundai’s entire BEV volume.
Genesis, the luxury sub-brand, is also making strides despite a third consecutive year-over-year decrease in all-electric cars. Their year-to-date volume is still up 21 percent, showing promise in this burgeoning market.
The introduction of the all-new, sporty Hyundai Ioniq 5 N hints at Hyundai’s forward-thinking attitude. Although only 10 units were exported from South Korea, it marks a significant step in diversifying the company’s electric portfolio.
However, not everything is accelerating. The hydrogen fuel cell model, Hyundai NEXO, dropped by 38 percent, reflecting the challenges faced in the still-evolving fuel cell market.
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(Via)
