Today: 9 February 2025
16 October 2023
1 min read

Hyundai, Kia Dominate US Eco-Friendly Car Market

The tally was also higher than the annual sales of 182,627 eco-friendly cars sold in the U.S. in 2022…reports Asian Lite News

Hyundai Motor, South Korea’s biggest carmaker, and its affiliate Kia sold more than a combined 200,000 eco-friendly vehicles in the United States in the January to September period, the companies said on Sunday.

The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in the first nine months, up 61.6 per cent from the 131,986 logged over the same period last year.

The tally was also higher than the annual sales of 182,627 eco-friendly cars sold in the U.S. in 2022, reports Yonhap news agency.

Among Hyundai’s cars, Tucson Hybrid was sold the most at 30,353 units, followed by 25,306 units of its electric vehicle model, Ioniq 5, and 16,824 units of the Santa Fe Hybrid.

Among Kia’s models, sport utility vehicles were popular.

A total of 30,604 units of Kia’s Sportage Hybrid were sold in the January-September period, as well as 20,003 units of the Niro Hybrid and 19,927 units of the Sorento Hybrid.

Hyundai and Kia’s strong performance came amid the two companies’ efforts to expand their sales of commercial-purpose electric vehicles that are still eligible for tax credits under the U.S. Inflation Reduction Act (IRA) though they are assembled outside North America.

The share of South Korean automakers in the U.S. commercial eco-friendly vehicle market jumped to 55 percent in August from 5 percent last year, according to the industry ministry.

ALSO READ: Goan drink ‘Feni’ to hit UK shores soon

Previous Story

Tata Motors to Divest 9% Tata Technologies Stake

Next Story

Afghanistan Shocks England

Latest from Business

Sukoon’s GO SAVER enhances employee savings 

Sukoon introduces GO SAVER to provide secure end-of-service benefit and workplace savings   Sukoon Insurance has officially launched its GO SAVER Employee Money Purchase Scheme, an innovative solution designed to provide secure

Auto Sector on the Rise in India

The auto expo aims to unite the entire mobility value chain under one umbrella, setting the stage for the future of mobility….reports Asian Lite News India’s auto sector is poised for strong

Retail Auto Sales Defy Challenges

Internal combustion engine two-wheelers faced challenges such as financial constraints and increasing competition from electric vehicles…reports Asian Lite News Retail automobile sales in India increased by 9.1% in 2024, reaching 2.61 crore

Asia-Arab Ties to Forge Global Partnerships

As Oman continues to build its reputation as a critical global trade hub, the Asian Arab Chamber of Commerce and IETO are committed to continuing these efforts through a series of followup
Go toTop

Don't Miss

Hyundai’s New Plant to Produce 200,000 EVs Annually

Hyundai will spend 2 trillion won ($1.51 billion) to build

Kia sets eyes on Africa

In collaboration with its esteemed partner – Rana Motors –