Posts Tagged ‘hybrid electric vehicle’

Hyundai and Kia Sold One Million HEVs in a Decade

Tuesday, August 6th, 2019
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Which automaker has sold over one million hybrid electric vehicles (HEVs) on a global scale in just ten years? Go on, take a guess…If you guessed Hyundai Motor or Kia Motors then you guessed right! A part of the Hyundai Motor Group, Kia Motors and Hyundai have achieved the 1-million milestone that all automakers achieve since Hyundai Motor released its first HEV model back in 2009, the Avante LPi hybrid. The Hyundai Motor Group sold 1,007,838 units after their large success in sales during the first half of 2019 – 117,109 units of HEV models. With the current growing hybrid market, another one million may be possible soon enough.

Let’s take a look at the growing demand for environmentally friendly cars over the last decade. The progressive new way of how consumers think about car buying may need more time to take roots in America but overseas, the world has embraced alternative fuel sources sevenfold. HEVs, also known as just a hybrid – not to be mistaken with plug-in hybrid electric vehicles (PHEVs) – have rapidly gained consumer attention and sales in the Korean car market. It’s here where total HEV sales helped auto giant Hyundai Motor Co. and its smaller sibling Kia Motors Corp. top 1 million units, with almost all of the HEVs sold in Korea either a Hyundai or Kia model.

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