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
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.
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.
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.