France in the Top 10 of Hyundai Ioniq 5 buyers

Three years after its launch, Hyundai takes stock of the commercial success of its flagship electric car, the Ioniq 5.

February 2021 – February 2024. Three years have passed, and the large Hyundai Ioniq 5 has been sold to 262,000 units worldwide. An achievement that merits recognition because the South Korean is not a mass-market product. Its price continues to decrease, notably in the United States to compete with Tesla, but its bold design remains polarizing.

24 countries have been chosen as destinations for the Ioniq 5 since its debut. Unsurprisingly, the primary market remains the domestic market with 66,938 cars sold. The United States follows closely with less than 500 units difference (66,491).

Followed by Germany (33,731 units), the United Kingdom (14,426), and Canada (11,526). The rest of the Top 10 is completed by the European electric car paradise, Norway (10,462), then Indonesia (9,307), the Netherlands (6,284), France (5,742), and finally Israel (5,104).

Significant disparities among countries

This ranking of the most enthusiastic countries for the Hyundai Ioniq 5 is very informative. It allows comparisons regarding the progress of the energy transition, ecological transition policies, and protectionist policies.

Japan, in last place, is admittedly not fond of large cars, but only 921 units have been sold among its 125 million inhabitants. That is fewer than Taiwan, which has only 23 million inhabitants. France’s performance deserves applause. Its commercial policy, which smartly lowered the starting price below 47,000 euros in 2023, allowed customers to benefit from a 5,000 euro ecological bonus.

As a result, the Ioniq 5 cost only 42,000 euros in France. Unfortunately, this is now a thing of the past in 2024, as the Ioniq 5 is no longer eligible for the bonus due to its distant production (South Korea). Since then, its range has been reduced, and its price has risen above 60,000 euros.

That said, what is the current sales dynamic of the Hyundai Ioniq 5? Europe is increasingly turning away from it, with Germany having cut off government subsidies for electric cars. As the vehicle ages, its technological appeal will also fade, despite a recent update promised in early March 2024.

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