Hyundai Motor’s Ioniq 5 sold more than 30,000 units in the U.S. electric vehicle market through September this year, maintaining relatively high sales among major EVs despite slowing demand.

Electrek reported on Oct. 1 that U.S. sales of the Ioniq 5 totalled 31,112 units from January to September. That was down 24 percent from the same period a year earlier.

In the United States, a federal tax credit for new electric vehicles of up to $7,500 ended after Sept. 30 last year, dampening EV sales overall. Hyundai later cut prices on some trims of the 2026 Ioniq 5 by as much as $9,800 to strengthen price competitiveness.

The Ioniq 5 also could not avoid the impact. Third-quarter sales were 2,928 units, down 65 percent from about 8,400 a year earlier. The declines were bigger for some rivals. GM’s Chevrolet Equinox EV sold 1,905 units in the third quarter, down 92.4 percent from a year earlier. Cumulative sales from January to September were 18,154 units, 12,958 fewer than the Ioniq 5.

Toyota’s bZ also sold about 25,000 units through September this year, still trailing the Ioniq 5. Both models start at around $35,000, have NACS charging ports and offer driving ranges of more than 300 miles in higher specifications.

The U.S. price of the 2027 Ioniq 5 SE Standard Range starts at $35,250, and its EPA-rated range is 245 miles. The SE rear-wheel-drive model costs $37,750 and has a range of up to 318 miles. Toyota’s 2027 bZ XLE front-wheel-drive starts at $34,980, with a base range of 236 miles, while the XLE front-wheel-drive Plus offers up to 314 miles of range.