Genesis U.S. EV Sales Hit A New Record In Q2 2024
The locally produced Genesis Electrified GV70 became the primary EV model.
Genesis car sales in the U.S. slightly decreased in the second quarter of 2024 to 17,044 units, down 2.4% year-over-year. However, Hyundai's luxury arm continued to increase its all-electric car sales in America, despite its global electric sales slowing down.
In Q2, Genesis sold 2,249 EVs in the U.S., 39% more than a year ago. This is a new quarterly record, which also allowed Genesis to increase EVs to a record 13.2% of its total sales volume.
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Genesis EV lineup
Genesis offers three all-electric models: the stand-alone, E-GMP-based GV60 and all-electric versions of G80 and GV70, named Electrified G80 and Electrified GV70, respectively.
The most interesting thing is that the locally produced Genesis Electrified GV70 noted a 204% sales increase to a record 1,460 units, becoming the top-selling EV model from Genesis.
Meanwhile, the E-GMP-based Genesis GV60 (a cousin of the Hyundai Ioniq 5) was down 7% year-over-year to 753, while the Genesis Electrified G80 was down 89% to just 36 units. We know that a new, upgraded version of the electric G80 is coming soon, so we should not expect any significant increase until then.
Genesis BEV sales in Q2'2024 (YOY change):
- Genesis Electrified G80: 36 (down 89%)
- Genesis Electrified GV70: 1,460 (up 204%)
- Genesis GV60: 753 (down 7%)
- Total: 2,249 (up 39%) and 13.2% share
Genesis BEV sales in the U.S. - Q2 2024
Genesis sold 3,241 all-electric cars in the U.S. during the first half of the year, 27% more than a year ago. EVs accounted for 10% of the brand's total volume.
Genesis BEV sales in Q1-Q2'2024 (YOY change):
- Genesis Electrified G80: 140 (down 80%)
- Genesis Electrified GV70: 1,875 (up 256%)
- Genesis GV60: 1,226 (down 7%)
- Total: 3,241 (up 27%) and 10.2% share
For reference, in 2023, Genesis sold 6,403 EVs, up 303% year-over-year, accounting for 9.3% of the brand's overall sales.
We are eager to see whether the positive trend will continue in the second half of the year.
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