Hyundai Motor Global EV Wholesale Sales Decreased Again In April 2024

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In April, the combined wholesale shipments of Hyundai and Genesis plug-in cars (globally) amounted to 21,605 units (down 24% year-over-year).

Hyundai Motor Company's global vehicle sales in April 2024 amounted to 345,840, down 3.3% year-over-year. During the first four months of the year, the company sold 1,352,607 vehicles, down 0.3% compared to a year ago. The South Korean manufacturer appears to be experiencing an EV slowdown, as its plug-in sales were down year-over-year for the sixth consecutive month.

9% shareHyundai BEVs: 62,452 Genesis BEVs: 3,681 PHEVs : 12,217 and 0.9% share Total plug-ins: 78,350 and 5.8% share FCVs : 862 and 0.1% share For reference, in 2023, plug-in electric car wholesale shipments exceeded 309,000 , which was about 7.4% of the total volume. All-electric car volume almost reached 260,000 , accounting for 6.2% of the total volume. Meanwhile, Hyundai EV sales continued to increase in April in the U.S.

 

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