Hyundai’s all-electric car sales more than doubled in March

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Sales of Hyundai’s battery-electric models were 11,447 units in March, up 105% from a year ago.

By : HT automatic office
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Updated:
21 April 2022, 11:31

New Hyundai Kona electric car

Hyundai sold 313,926 cars globally in March this year, down 17% from a year ago. Its sales are also lower than in the first quarter of 2021, with a drop of 9.8%. But its sales of all-electric cars more than doubled from 2021. Sales of battery-electric models were 11,447 units, up 105%. Wholesale sales of plug-in electric cars also increased to 14,693 units, up 58% year-on-year, or around 4.7% of total volume.

On the other hand, sales of plug-in hybrid models fell by 12%. Sales of hydrogen fuel cell vehicles also declined. The company attributed the decline in overall sales to “adverse external factors, including ongoing component shortages, fluctuations in raw material costs and the resurgence of Covid-19.

So far this year, wholesale sales of Hyundai’s plug-in electric cars have topped 42,000, up 95% year-on-year. This represents 4.6% of total wholesale sales.

(Also Read | Hyundai recalls 2019 Nexo models due to possible hydrogen leak and fire hazard)

Speaking of specific models, Hyundai’s most popular electric model – the Ioniq 5, recorded sales of 7,685 units, which is disappointing compared to the more than 10,000 units sold in February. Sales of The best of the rest is the Hyundai Kona Electric with over 3,200 units.

Hyundai Tucson PHEV sales amounted to 2,260 units while Santa Fe PHEV recorded sales of 522 units. Hyundai Ioniq Electric sold 544 units while its plug-in version recorded sales of 464 units. Retail sales of Ioniq 5 in Europe were 2,871 units, while in the United States they were 2,700 units.

Hyundai’s hydrogen fuel cell model – the Nexo – recorded 445 sales. Sales of the Genesis GV60 BEV topped 1,000 for the first time ever, hitting 1,131 in March.

Date of first publication: April 21, 2022, 11:24 a.m. IST

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