From $42000 to $60,000 ... the 2024 Ioniq 5:
From $40,000 to $53,000 ... the 2023 Ioniq 6 sedan:
Posted on 12/01/2023 8:16:34 AM PST by ChicagoConservative27
Hyundai achieved its best-ever November sales as demand for its fully electric vehicles continues rising. Sales were led by the Hyundai IONIQ 5, up 99% over last year.
For the 16th straight month, Hyundai’s total sales grew in November. Despite claims the EV market is cooling, the South Korean brand continues to see rising demand.
Hyundai sold 2,372 IONIQ 5 models last month, representing 99% growth over last year. The brand has sold over 30,000 IONIQ 5 electric SUVs this year, up 44% compared to ~21K last year at this time.
The company also sold 1,386 IONIQ 6 models, up 12% from October. Demand is rising after Hyundai’s dedicated EVs set new October sales records last month.
(Excerpt) Read more at electrek.co ...
2,900 units. That’s a joke.
Those numbers are paltry and laughable, and certainly not “sustainable”.
Perhaps those who are still interested in an EV are simply opting for the cheapest option available? Or, maybe the other EV makers, aside from Tesla, are simply abandoning their rampups of EV production due to a miscalculation of why there are so many unsold EV’s on dealers lots currently?
No way! I find them very attractive. I’d never want to deal with Hyundai for service though.
IMHO Hyundai does a good job of capturing that market. The Kia EV6 is probably the best EV from a cost/benefit perspective (good range and fast charging for an EV, but low cost). Their Hyundai Ioniq 5 being a crossover style version (same tech but not quite the same range because of drag from the taller shape).
EV's don't work for everyone. I wouldn't have gotten one if I wasn't married and needed two cars anyway (having one EV and one ICE gives us the best of both worlds), we drive plenty of miles so that the gas savings is worth the extra cost of an EV, we can charge at home, and we had to replace one of our cars anyway so we were in the market for a car, and virtually all of the road trips we take have plenty of fast chargers (we'll drive the ICE if we go on one of the other road trips). But if someone is in a driving situation like ours, IMHO the Kia and Hyundai EV's are good value at reasonable prices. Most of the times we read about horrible maintenance expenses with EV's it has to do with Tesla.
From $42000 to $60,000 ... the 2024 Ioniq 5:
From $40,000 to $53,000 ... the 2023 Ioniq 6 sedan:
Today, the U.S. Department of Energy (DOE) released a notice of its proposed guidance and a request for public comment on its proposed interpretation of the statutory definition of “foreign entity of concern” (FEOC) in the Bipartisan Infrastructure Law (BIL), which is designed to limit the participation of FEOCs within domestic battery supply chains, particularly within government-supported programs, and bolster the growth of domestic and friend-shored battery materials processing and manufacturing.
Plug-in EV sales have tripled since President Biden took office. However, the U.S. still depends on foreign sources for many of the processed versions of critical minerals needed to produce EV batteries. Since coming into office ushering in the historic legislation of the BIL and the Inflation Reduction Act (IRA), the Biden-Harris Administration has taken swift action to secure a reliable and sustainable battery supply chain [sourced predominately in America and allied trading partners]. DOE’s Battery Materials Processing and Manufacturing grant program authorized by section 40207 of BIL and the IRA 30D Clean Vehicle tax credit impose limits when an entity’s battery supply chain includes foreign entities of concern.
The BIL provides that, among other criteria, a foreign entity is defined as a “foreign entity of concern” if it is “owned by, controlled by, or subject to the jurisdiction or direction of a government of a foreign country that is a covered nation.” In this guidance, DOE proposes to clarify the term “foreign entity of concern” by providing interpretations of the following key terms: “government of a foreign country;” “foreign entity;” “subject to the jurisdiction;” and “owned by, controlled by, or subject to the direction.”
This DOE proposed interpretative guidance relates to the BIL 40207 Battery Materials Processing and Battery Manufacturing and Recycling Grants, which have a statutory requirement to prioritize projects with non-FEOC based supply chains. It is also relevant to the Treasury Department and the Internal Revenue Service’s implementation of amendments made by the IRA to the section 30D Clean Vehicle Credit, for which statutory FEOC restrictions begin in January of 2024.
DOE worked with the Department of the Treasury and the Internal Revenue Service to ensure that this interpretation supports implementation of the section 30D Clean Vehicle Credit. In developing this proposed interpretive guidance, DOE conducted many industry stakeholder meetings and communicated across the federal government.
The 30-day public comment period will begin upon publication in the Federal Register. Interested persons are encouraged to submit comments using the Federal eRulemaking Portal at www.regulations.gov. Follow the instructions for submitting comments for RIN 1901-ZA02.
They had a promo giving away the home charger.
Had they made this like the Ioniq 5 shape with it being like a bigger VW Golf GTI hatchback, and for around $22k like the original Ioniq Blue was I would be a buyer
There’s one born every minute
LOL - less than three thousand sold in the whole country last month.. AND that's the trend? Someone thinks we're all as stupid as democrats.,..
That’s why they make more than one type of car. I think this is one of the best looking cars on the market
There was a story in the news yesterday about the ‘actual’ cost of running an EV was the equivalent of paying $17 dollars a gallon for gas.
There was a story in the news yesterday about the ‘actual’ cost of running an EV was the equivalent of paying $17 dollars a gallon for gas. A story debunking the usual democrat lies about EV’s saving money.
Does the vehicle have ANY realistic value at that point?
What's a new replacement battery with installation cost after the battery dies?
These are questions I'd like (truthful) answers to before I'd buy one.
Yes, even “ugly as a mud fence”. What I am curious about is if they are selling fairly well, then that probably means they will be showing up on the used lots fairly soon. Who will be the first brave suckers to own one of those? Hope to be reading the results of their purchases here on FR soon.
Time to pull the plug on the EV hoax.
What about those “federal rebates”? Shouldn’t they be called taxpayer rebates? What taxpayer in their right mind wants to help buy an EV for someone else, especially if they can’t afford their own? This is as ridiculous as helping to pay someone else’s college debt! I think that one is generally considered illegal anyway, as it certainly should be.
I get 3.2 miles per kWh, and charging at home costs 16¢/kWh (in my last bill, that's the base rate plus the fuel rate per kWh that Alabama Power paid for their plants, plus 4% state tax). So with the 16K miles I drove in the past 12 months and charged from home (we drove 26K miles total, but 10K of those miles were charged away from home on trips), that comes out to needing 5,000 kWh to charge those 16K miles at home. At 16¢ per kWh, those 5,000 kWh added $800 total to my power bills over 12 months. Or if you want it broken down monthly, that's $67 to drive 1,300 miles.
In my case, throw in the fact that 80% of my home's power is free from solar, that includes the power used to charge the EV. So in my case it adds on average $13 to my power bill each month to drive 1,300 miles (100 miles for every $1 added to my power bill when charging at home).
Charging at fast chargers those other 10K miles in the past 12 months cost a total of $332. Or $33 for every 1K miles. If you add home charged miles plus road charged miles together, it cost $1,132 total to power the EV those 26K miles, which is $4.35 for every 100 miles. (For me with solar the totals are $972 for 26K miles, which is $3.74 for every 100 miles.)
To be fair, there are other costs involved. I pay annually an extra $200 EV fee when renewing my car tag (to pay my share of road upkeep because I'm not paying gas taxes except what little bit we drive the ICE pickup). Plus there's a little extra cost for insurance (no EV rider or anything like that, but full coverage on a more expensive vehicle means more expensive premiums, and EV's tend to be more expensive). In my case I count it as paying $70/month more for insurance, but most of that was because for me going EV meant replacing liability only coverage of an old used ICE car with full coverage of a new car (the EV). For other people, if the choice to go EV was over a new ICE car, the difference in insurance might be $10 or $20/month. Of course, those costs are fixed and unrelated to how much I drive it. So a lesson learned is don't get an EV unless you drive it enough for the gas and oil change savings to offset the extra regular fixed costs with an EV.
At least, those are my real world numbers of continuing costs for EV (not startup costs like a larger upfront cost for EV's or cost to install a circuit for charging). I can't say what other people's costs are.
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