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Ioniq 5 holds ground in U.S. market despite loss of tax credit

Hyundai Motor’s Ioniq 5 sold more than 30,000 units in the United States through September, keeping sales relatively high among major electric vehicles despite a broader slowdown in EV demand. U.S. sales from January to September totalled 31,112 units, down 24 percent from a year earlier. Sales fell after a federal tax credit for new EVs ended in late September last year, although Hyundai cut prices on some 2026 Ioniq 5 trims.