Hyundai Ioniq gains on Tesla as oil prices drive EV demand

Hyundai Motor’s electric vehicle sales in the US jumped in March as surging oil prices fueled demand, sharpening its challenge to Tesla’s dominance. According to industry sources Monday, Hyundai’s EV sales in the US rose by approximately 40 percent in March from the previous month. The Ioniq 5 crossover SUV led the growth, with 4,425 units sold, up 37 percent from 3,234 in February. The Ioniq 9 SUV also gained momentum, jumping 79 percent to 905 units from 505 in the same period. As a result, sa

By The Korea Herald