Hyundai’s Ioniq 5 Outsells Its 2025 Figures Despite Losing the $7,500 EV Tax Credit

Hyundai has just posted its strongest-ever first half of U.S. sales, with 450,568 vehicles delivered through June 2026—a 3 percent increase over the same period last year. The Korean automaker also set a new June record with 77,555 units sold, up 11 percent year-over-year, and posted a 4 percent gain in Q2 2026 versus Q2 2025. Electrified models now account for a third of all Hyundai sales in the U.S. this year, driven by record hybrid volumes across multiple nameplates.

The Ioniq 5 remains Hyundai’s top-selling BEV, with 20,730 units moved in the first half of 2026, a 9 percent increase despite the federal $7,500 EV tax credit expiring in September 2025. Q2 sales for the Ioniq 5 rose 4 percent to 10,940 units, though June saw a 26 percent drop to 2,335 units—a decline that largely reflects a 2025 surge tied to the credit’s looming expiration. The newer Ioniq 9 also posted strong growth, with 4,858 units sold year-to-date and a 21 percent jump in June to 857 units.

In contrast, the Ioniq 6 has effectively collapsed in the U.S. market, with sales down 80 percent year-to-date to just 1,241 units and only 38 sold in June, as all variants except the high-performance Ioniq 6 N have been discontinued. Among conventional models, the Tucson led June with 19,581 units sold, up 20 percent, while the Sonata rose 36 percent and the Palisade climbed 23 percent. The Venue and Elantra also posted solid gains of 20 percent and 22 percent respectively. The only notable declines came from the Kona (down 15 percent) and Santa Cruz (down 14 percent).