Hyundai's electric SUV finds some footing, with IONIQ 5 sales topping 33,000 in 2026

The Hyundai IONIQ 5 remains one of America’s most popular EVs outside Tesla, with October sales up 21%.

The Core Event

While the Tesla Model Y and Model 3 still dominate the US electric vehicle market, accounting for about 50% of all sales through the third quarter , it was the Hyundai IONIQ 5 that ranked third.

Key Facts

The Hyundai IONIQ 5 remains one of America’s most popular EVs outside Tesla, with October sales up 21%.

Context & Significance

While the Tesla Model Y and Model 3 still dominate the US electric vehicle market, accounting for about 50% of all sales through the third quarter , it was the Hyundai IONIQ 5 that ranked third.

Outlook

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