Hyundai Motor’s hybrid model sales near 2 mn milestone

Hyundai Motor‘s Tucson hybrid

Hyundai Motor Company is on the verge of surpassing 2 million cumulative sales of its hybrid models, a new milestone achieved 15 years after the launch of its first hybrid vehicle, the Avante LPi Hybrid, in 2009. As of May 2023, the automaker’s total hybrid sales, including plug-in hybrid electric vehicles (PHEVs), have reached 1,954,018 units, according to a company report.

In May alone, Hyundai Motor sold 48,842 hybrid models across its plants in South Korea, the United States, and the Czech Republic. If the company maintains similar sales figures this month, it is set to cross the 2 million mark for hybrid model sales.

Breaking down the sales figures by model, the Tucson leads with 532,086 units sold, followed by the Sonata with 339,764 units, the Ioniq with 295,673 units, and the Grandeur with 266,664 units.

Hyundai’s annual hybrid sales have seen substantial growth, rising from about 160,000 units in 2020 to 420,000 units last year. This upward trend is expected to continue, with projections suggesting that sales could exceed 500,000 units this year.