Hyundai electric car sales up 105% YoY in March

Hyundai released its March figures, and although global sales were 17% lower than in 2021, EV sales were up 105%.

The March figures are interesting to say the least for the Korean automaker.

However, it should be noted that Hyundai does its numbers differently than other manufacturers. Their figures include its South Korean sales figures and its wholesale figures outside of Korea.

  • Battery Electric Vehicles – 11,447 sold – a 105% increase from March 2021.
  • Plug-in hybrid electric vehicles – 3,246 – a 12% drop since last March.
  • Hydrogen fuel cell vehicles – 445 – down 61% from last March.

These new March numbers represent a trend we’ve seen with several manufacturers. Sales of battery electric vehicles are increasing, while plug-in hybrids are declining.

For vehicle sales, that’s how it all fell apart.

  • Ioniq 5 – 7,685 (20,002 YTD)
  • Kona Electric – 3,213 (9,861 YTD)
  • Tucson PHEV – 2,260 (7,529 YTD)
  • Santa Fe PHEV – 522 (2,112 YTD)
  • ONIQ electric – 544 (1,691 since the beginning of the year)
  • IONIQ Plug-in – 464 (1,348 YTD)
  • Plug-ins in China (various models) – 3 (24 YTD)
  • Plug-ins in India (Kona Electric) – 2 (52 YTD)

Additionally, the Ioniq 5 also sold 2,871 vehicles in Europe and 2,700 cars in the United States. The release did not indicate how many were sold in Canada.

At least to say, the Ioniq 5 figures are a disappointment. However, according to local Hyundai dealers, the demand is there, but the cars are not. I spoke to a local dealership in Ontario yesterday, and he estimates that if I order an Ioniq 5 today, I should expect to see the car in 16-24 months.