Through the first seven months of 2024, Hyundai, Kia, and Genesis accounted for 10% of the US EV market. Hyundai outpaced Ford (7.4%) and GM (6.3%), according to Motor Intelligence.
Tesla’s share of the US EV market slipped below 50% for the first time in the second quarter. Tesla accounted for 49.7% of EV sales in the US in Q2 as new models hit the market.
Although IONIQ 5 and 6 sales slipped last month, they are still up 25% and 54% year-to-date, respectively. Meanwhile, sister company Kia continued its record-setting performance in July after EV sales nearly doubled YTD.
Kia’s new EV9, its first three-row electric SUV, is a major part of its growth. According to Kelley Blue Book, Kia EV9 sales outpaced the Toyota bZ4X, VW ID.4, Nissan Ariya, Rivian R1T, and Tesla Model S in the US through the first half of 2024. It even topped Kia’s Niro EV sales.
In the US perhaps. In other countries people either choose Tesla for its charging network & software or Chinese EVs for LFP batteries & value. Korean cars can’t find a niche.
Does charging network matter in Europe or China where everyone has to use the same government-mandated plug?
It might not matter in terms of accessibility, but the charging experience would still be better in a Tesla.
A navigation system that routes you through the chargers and pre warms the battery for optimal charging and then provides a plug and play experience without any apps or messing around with credit cards.
Edit: and I think it takes charger capacity into account and can reroute you to a less busy charger if there are multiple in the area
Edit: teslas also get preferential rate unless you sign up for a monthly plan with Tesla.
