- Hyundai EV sales climbed 72% last month as the tax credit rush continues.
- Ioniq 5 sales soared 61%, while the Ioniq 6 was up 30% to 1,047 units.
- The new Palisade appears to be a hit as sales jumped 39% to 15,560 units.
This week, GM reported record EV sales for the month of August as consumers rushed to take advantage of the clean vehicle tax credit that expires on September 30. That trend was also seen elsewhere as Hyundai reported a 72% year-over-year increase in EV sales.
The Ioniq 5 was the big winner as sales jumped 61% to 7,773 units. Even the slow-selling Ioniq 6 got a shot in the arm as sales increased 30% to 1,047 units. Lastly, there’s the Ioniq 9, which found 1,016 takers.
More: This Electric Hatch May Be Hyundai’s Best-Looking Ioniq Yet
Putting EVs aside, Hyundai Motor America set an all-time August sales record of 88,523 units. That was a 12% increase from a year ago and the company said the Elantra N, Elantra Hybrid, Santa Fe Hybrid, Santa Fe family, Palisade, and Ioniq 5 all achieved record August sales.
The redesigned Palisade was the big standout as sales jump 39% compared to a year ago. The three-row crossover starts at $38,935 and features a boxy new design as well as a classier cabin. Mainstream variants have a 3.5-liter V6 engine that produces 287 hp (214 kW / 291 PS) and 260 lb-ft (352 Nm) of torque.
Customers can also opt for a new hybrid, which begins at $43,660. It features an eco-friendly powertrain that consists of a turbocharged 2.5-liter four-cylinder engine, a 1.65 kWh lithium-ion battery pack, a six-speed automatic transmission, and two electric motors. This gives the crossover a combined output of 329 hp (245 kW / 334 PS) and a fuel economy rating of up to 34 mpg.
Hyundai Motor North America CEO Randy Parker said, “This momentum keeps us firmly on track for our best year ever. We’re especially proud of the record-breaking results from key models like the Elantra HEV, Palisade, and Ioniq 5, which continue to resonate strongly with customers.” Of course, sales of Ioniq models will likely collapse following the elimination of the tax credit, so things aren’t as rosy as they seem.
Hyundai US Sales August 2025
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