Today: 7 October 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

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s

Gold Shines Bright Amid Global Jitters

Gold and silver continued their bullish run on Monday, scaling new highs amid mounting global uncertainties, heightened geopolitical tensions, and growing expectations of a US Federal Reserve rate cut. According to the

ADNOC signs 15-year LNG deal with Indian Oil

Under the deal, LNG cargoes can be delivered to any port across India, enhancing the country’s energy security and meeting its rising energy demand. Abu Dhabi National Oil Company (ADNOC) has signed

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However, deal values dipped on a quarter-on-quarter basis due to the
Go toTop

Don't Miss

Mixed June for Autos

Hyundai Motor India Limited (HMIL) experienced a marginal decline in

Kia EV6 named 2022 European Car of the Year

EV6 has a winning combination of a long-distance real-world driving