Hyundai Ioniq 5 sales are down, will a rival dethrone it?

A gray 2022 Hyundai Ioniq 5 small electric SUV.

The Hyundai Ioniq 5 quickly became one of the most popular electric vehicles on the market. The value-oriented small electric SUV proved practical and affordable for most American drivers. As a result, it won several awards, including World Car of the Year. The Ioniq 5 has earned the favor of several popular automotive publications. It set the stage for the Ioniq 6, an electric sedan with great potential. Ioniq 5 sales are down. Is it time for another small electric SUV to take its place?

Sales of the Hyundai Ioniq 5 are taking a hit in the fourth quarter

The 2022 Hyundai Ioniq 5 | hyundai

According to InsideEVs, Ioniq 5 sales have declined since June. Sales have hit an all-time low month after month. This drop in sales can be attributed to the Inflation Reduction Act of 2022. The law gives an advantage to electric vehicles made in the United States.

Leave a Reply

Your email address will not be published. Required fields are marked *