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Hyundai Motor Group Joins Top 10 Club in EV Market for First Time
Hyundai, Kia Forecast to Sell 100,000 EVs in 2019
Hyundai Motor Group Joins Top 10 Club in EV Market for First Time
  • By Michael Herh
  • February 11, 2019, 12:52
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The electric vehicle Kona Electric from Hyundai Motor

Hyundai Motor Group succeeded in breaking into the top 10 in the world electric car market last year, outclassing Volkswagen of Germany.

The group ranked eighth in the world electric car sales standings by selling 90,860 plug-in hybrid electric vehicles (PHEVs) and pure electric vehicles (EVs) at home and abroad last year, according to EV Sales, an electric car market research company. The sales figure nearly doubled from 47,000 units in 2017, when the group was out of the top 10. It eclipsed Volkswagen’s 82,685 units.

Hyundai Motor Group made the top 10 list in six years since it started selling electric cars in 2012. The sharp increase in its sales of electric cars is attributed to the launch of new electric SUVs such as Hyundai Motor's Kona Electric and Kia Motors' Niro EV.

The Kona Electric recorded the highest sales among electric car models from Hyundai and Kia last year by selling 22,787 units at home and abroad, and the Niro EV posted 7,362 units in sales during the same period.

Hyundai and Kia are forecast to sell 100,000 units of electric vehicles this year. The Kona Electric and the Niro EV are expected to show steady sales growth, and two new cars, the Soul Booster EV and the New Ioniq EV, will be added to their product lineups.

In the meantime, Tesla came in first in world electric car sales last year by selling 245,240 units. It was followed by BYD of China (229,339 units), Renault-Nissan-Mitsubishi (192,711 units), BAIC (163,569 units), BMW (142,217 units), SAIC (123,451 units), Geely (113,516 units), Hyundai Motor Group, Volkswagen, and Chery Automobile (65,798 units).