In the US, Hyundai's flagship electric SUV, the Ioniq 5, ramped up sales by 30.9 percent to 44,400 units. A recovery in tax credits for commercial clean vehicles under the Inflation Reduction Act (IRA) helped bolster its sales its sales to become the first of Hyundai's EV lineup to surpass 100,000 cumulative sales in the US.

The list of automakers with access Tesla's Supercharger EV charging network continues to grow as time goes on.

Elon Musk’s close relationship with incoming US President Donald Trump could be good for all automakers, according to the new chief executive officer of Hyundai Motor Co., who dismissed concerns over the influence the Tesla Inc.

Hyundai Motor Group ranked second in electric vehicle sales in the US last year, following the No.1 EV maker Tesla, with plans to boost local production amid the inauguration of Donald Trump. According to data from the Korea Automobile & Mobility Association,

Hyundai CEO Jose Munoz said he thinks the Tesla CEO's influence over the Trump administration may be positive for the rest of the auto industry.

Tesla, BYD cut electric car prices to compete in European market Electric vehicle price cuts increase competition in the European market

Hyundai and Kia surpassed Ford in EV sales in the U.S. Tesla was the top-selling brand, while GM's brands sold less.

The Japan launch of the Hyundai Inster follows attempts by foreign brands such as Tesla to enter a country which has seen a slow take-up of EVs. With the Inster, Hyundai will tackle the problem with an approach akin to the low-price strategy of China's leading EV maker BYD.

Electric Benz drivers in the US can use the chargers from February, but although the company will switch to NACS ports on new cars, existing owners need a $185 adapter

Korean automaker follows in footstep of GM, Ford and Toyota to safeguard interest Hyundai Motor has decided to donate $1 million to the upcoming inauguration of US President-elect Donald Trump as it seeks to bolster ties with the incoming leader looking to impose tariffs and strengthen protectionism.

While everyone was watching Tesla, BYD was quietly doing the Great Leap Forward. According to Bloomberg, BYD “is on the cusp of joining the ranks of formerly obscure brands that conquered the world”. Worldwide it sold 1.56 million units in 2024. Toyota, which has been the world leader for years retained its top position with 5.16 million units.

Self-driving cars, also known as autonomous vehicles, are not yet available for purchase by consumers. The combination of computer processing power and advanced automotive