VOLKSWAGEN ID.4

The Volkswagen ID.4 is back on the rise after a big fall in new sales back in April and May. The ID.4 EV currently ranks sixth as the top-selling EV model in the U.S., this is only a few spots away from the popular Tesla Model Y and Model 3. This growth came with a stellar month of new vehicle sales in August 2023, with an increase of 21.9% in sales month-over-month.

HYUNDAI IONIQ 5 & KONA ELECTRIC

Hyundai's IONIQ brand is a dedicated brand within the Hyundai Motor Group focused exclusively on electric and electrified vehicles (EVs). The IONIQ brand aims to cater to a wide range of customers by offering various types of electric and electrified vehicles, from compact cars to SUVs. They've had great success with the IONIQ 5, IONIQ 6, and KONA Electric SUVs thus far into 2023.

The IONIQ 5 is currently ranked as the fourth top-selling EV model, but the top-ranked electric SUV. The IONIQ 5 started off slow in earlier months but has skyrocketed in new sales since July, increasing its month-over-month sales by 15% in August 2023. 

The KONA Electric is a small EV crossover that has also brought great success to the Hyundai brand. Although a bit lower in the rankings than the IONIQ models, the KONA Electric continues to see steady growth month-over-month.

BMW iX

The all-electric BMW iX is one of BMW's top electric SUVs and has been a strong contender in the EV market since the beginning of the year. The BMW iX recently claimed the third-ranked spot in top electric SUVs and has remained rather consistent each month. Although the BMW EV sells about 1,000 fewer units a month than the Volkswagen ID.4 and Hyundai IONIQ 5, it still carried a 15.6% increase in month-over-month sales in August 2023. 

LEXUS RZ 450e

The all-new luxury electric SUV from Lexus hit the market this year and started off strong.  After remaining stagnant for a few months we saw a slight uptick in sales volume in August 2023. The RZ 450e still has a ways to go to reach the other SUVs on our list, but this one has potential.

CADILLAC LYRIQ

The Cadillac LYRIQ is Cadillac's first electric vehicle and hit the market in mid-2022. Since then, the LYRIQ has had much more success in the last six months of 2023  than it did when entering the market in Q3 2022. With a sales increase of 38% month-over-month, and an all-time high the previous month, the LYRIQ is making some big moves entering into Q4 2023.