SEOUL, February 15 (AJP) - Hyundai Motor and its affiliate Kia are on the verge of reaching 1 million cumulative electric vehicle sales in Europe by the first half of this year, the automotive giant said on Sunday.
Their combined EV sales stood at 915,996 units as of the end of last year, since the launch of Kia's compact sport-utility vehicle Soul in 2014. With monthly sales surpassing 15,000 units, they are on track to surpass 1 million units in cumulative sales soon.
The milestone comes after the two automakers achieved annual sales of 100,000 units for the first time, with some 135,408 units sold there in 2021.
Sales continued to rise, reaching 143,460 vehicles in 2022 and 147,457 in 2023, before slightly slipping to 121,705 amid reduced EV subsidies in major European countries including Germany.
But sales rebounded to 183,912 last year, buoyed by a wave of new releases such as Hyundai's Ioniq 9 and Kia's EV4 and EV5, setting a record.
Meanwhile, Europe's EV market has regained momentum since last year. According to the European Automobile Manufacturers' Association (ACEA), annual EV sales reached 2.59 million units last year, accounting for 19.5 percent of the market. In December, EV sales also surpassed those of gasoline vehicles for the first time.
Their combined EV sales stood at 915,996 units as of the end of last year, since the launch of Kia's compact sport-utility vehicle Soul in 2014. With monthly sales surpassing 15,000 units, they are on track to surpass 1 million units in cumulative sales soon.
The milestone comes after the two automakers achieved annual sales of 100,000 units for the first time, with some 135,408 units sold there in 2021.
Sales continued to rise, reaching 143,460 vehicles in 2022 and 147,457 in 2023, before slightly slipping to 121,705 amid reduced EV subsidies in major European countries including Germany.
But sales rebounded to 183,912 last year, buoyed by a wave of new releases such as Hyundai's Ioniq 9 and Kia's EV4 and EV5, setting a record.
Meanwhile, Europe's EV market has regained momentum since last year. According to the European Automobile Manufacturers' Association (ACEA), annual EV sales reached 2.59 million units last year, accounting for 19.5 percent of the market. In December, EV sales also surpassed those of gasoline vehicles for the first time.
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