• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Sunday, June 22, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Electric Vehicles

Hyundai overtakes GM in U.S. EV market, eyes further growth

Michael Olabode Williams by Michael Olabode Williams
February 22, 2025
in Electric Vehicles, News
0
Hyundai Motor Group

Hyundai Motor Group

1.7k
SHARES
19.4k
VIEWS
Share on FacebookShare on Twitter

Hyundai Motor Group has overtaken General Motors in U.S. electric vehicle (EV) sales, securing the No. 2 spot behind Tesla. The South Korean automaker, including its Kia and Genesis brands, sold 124,065 EVs in 2024—nearly 10,000 more than GM’s 114,426, according to Cox Automotive.

Despite not qualifying for federal tax credits on new purchases, Hyundai capitalised on strategic lease incentives, helping it sustain demand. “Even with that handicap, they posted great sales,” an InsideEVs reader noted. Hyundai Motor America CEO Randy Parker reinforced the brand’s aggressive stance, stating, “We’re gonna keep our foot on the accelerator.”

READ ALSO

Tesla signs landmark deal for China’s largest grid-scale battery plant

Lucid vs. Rivian: The battle for America’s EV future heats up

Hyundai’s success rides on models like the Ioniq 5, the 2023 MotorTrend SUV of the Year, and the new Kia EV9, which is gaining traction among adventure-seeking drivers. While GM is planning a 2026 comeback with a redesigned Chevy Bolt, Hyundai’s early lead signals a shifting power dynamic in the industry.

The EV market’s bigger picture

The broader EV market saw record sales in 2024 despite ongoing challenges like high battery costs and charging infrastructure gaps. Tesla remained dominant with 633,762 units sold, though its market share slightly declined. Ford trailed behind Hyundai and GM, selling 97,865 EVs, with the Mustang Mach-E leading its lineup.

Hyundai’s rise shows a growing shift in consumer preference toward electrification. While EVs offer benefits like lower maintenance costs and reduced emissions, affordability remains a key battleground. Hyundai’s leasing strategy and aggressive model rollout indicate that it’s not just chasing Tesla—it’s setting the pace for the industry’s next phase.

Read more on Hyundai to recall over 226,000 U.S. cars over rear-view camera malfunction

Tags: electric vehiclesHeadlineHyundai

Related Posts

Tesla signs landmark deal for China’s largest grid-scale battery plant
News

Tesla signs landmark deal for China’s largest grid-scale battery plant

June 21, 2025
Lucid vs. Rivian: The battle for America’s EV future heats up
Electric Vehicles

Lucid vs. Rivian: The battle for America’s EV future heats up

June 19, 2025
Ferrari Second Electric Car
Electric Vehicles

Ferrari hits the brakes on second electric car, delays launch to 2028

June 18, 2025
Auto Draft
News

Canadian GP: Russell keeps Montreal win as Wolff slams Red Bull protest

June 17, 2025
Tesla drivers in France file lawsuit over Elon Musk’s political outbursts
Electric Vehicles

Tesla drivers in France file lawsuit over Elon Musk’s political outbursts

June 16, 2025
UK lawmakers signal u-turn on EV ‘Tesla tax’ after industry backlash
Electric Vehicles

UK lawmakers signal u-turn on EV ‘Tesla tax’ after industry backlash

June 11, 2025
Next Post
Tesla vs BYD

Tesla faces biggest challenge yet as BYD gains ground in global EV race

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Volvo Cars blames EU tariffs, cuts 2024 sales forecast

Volvo Cars blames EU tariffs, cuts 2024 sales forecast

July 18, 2024
BYD unveils battery system for five-minute EV charging, challenging Tesla

BYD unveils battery system for five-minute EV charging, challenging Tesla

March 18, 2025
Air Peace

Air Peace reports improved on-time performance in March, eyes U.S. expansion

April 9, 2024
Jaguar EV logo

Jaguar’s controversial rebrand: Will bold moves pay off in competitive EV market?

November 24, 2024

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Tesla signs landmark deal for China’s largest grid-scale battery plant
  • Heesen launches Sparta, its biggest yacht at 220 feet long
  • Lucid vs. Rivian: The battle for America’s EV future heats up
  • Tesla pauses Cybertruck and Model Y production to boost efficiency

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In