The two carmakers accounted for 11.2%, or 48,838, of the 437,246 EVs sold in the US market over the January-May period, according to data compiled by the Korea Automobile Manufacturers Association.
This marks a sharp rise from 6.8% in 2023 and 10.6% in 2022. In 2020, Hyundai and Kia only accounted for 3.2% of the US EV market, reported Yonhap news agency.
The two carmakers' combined share was 40.5 percentage points behind the US giant Tesla, narrowing from the 73.2 percentage point difference tallied in 2020.
EVs also made up nearly 40% of the eco-friendly models sold by Hyundai and Kia in the US over the five-month period. The ratio was estimated at 17.2% in 2020.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
