Hyundai has announced that the company’s EV market share has hit a new high, with sales of its cars exceeding 1.2 million units during the fourth quarter of 2017.
The company also reported that it sold more than 1.6 million new vehicles during the same period.
Hyundai’s new sales figure means that the EV market has been on a sustained and unprecedented pace since the first cars rolled off the assembly line in the late-20th century.
For a time, Hyundai was the only automaker to deliver EVs to the US market.
As a result, Hyundai has become the world’s second-largest automaker, behind only Ford.
But that’s just the beginning.
Last year, the Korean automaker reported that sales of EVs in the US reached more than a million vehicles.
That’s an incredible feat for a company with only a few thousand employees.
It also means that while Tesla is now the world leader in EVs, it’s only behind General Motors in the overall market.
GM has had more than 7.4 million vehicles on the road by the end of 2017, according to Tesla’s official US sales numbers.
But the company has been able to outpace its competitors thanks to its deep integration with the Tesla network.
In other words, Tesla has been a major player in the EV industry for decades.
The other big players in the car industry, such as Ford, are still struggling to break into the EV game.
In fact, Ford’s US sales have only grown from 563,000 in 2017 to 776,000 this year.
GM’s US car sales have been on the decline for years, with just 9 million sold in 2017, down from 23 million in 2016.
But the biggest car companies aren’t even in the picture anymore.
With all of the hype and financial success that has gone into the development of EVs, automakers like Toyota and Honda are also ramping up their production lines.
And as automakers and automakers have become more involved in the development and production of EVs over the last few decades, there’s been a steady influx of new EVs being built in the United States.
While the vast majority of EVs today are built in China, the global demand for EVs is still growing.
And it’s not just China that’s growing its EV market.
Nissan is also ramped up its EV production in the U.S. And Tesla has a growing presence in the UK, where it has installed production of its first mass-market electric car in 2019.
What’s Next for the EV Industry?
While automakers have continued to ramp up production of EV vehicles, they’ve also seen an explosion in the number of EVs that are on the market.
Over the last decade, EV sales have more than doubled in the first half of the next decade, according the International Automobile Federation (IAF).
In 2019, EV adoption grew by more than 400 percent.
Even more impressive, EV-powered vehicles have surpassed passenger vehicles as the largest segment in the global automotive market.
According to the International Federation of the Phonographic Industry (IFPI), EV sales in 2019 totaled more than 14.7 million vehicles, or about 9 percent of the global vehicle market.
But, while EV sales grew dramatically in 2019, they have remained stagnant since then.
Despite all of this, automakers are slowly catching up to EVs.
According to the IFFI, by 2025, EV penetration in the world will reach over 25 percent, and by 2025 EV sales will reach about 5.3 million vehicles in the entire global auto market.
So while EVs have been around for decades, they’re rapidly becoming a major part of the auto industry, which will make their rise even more impressive in the coming years.
Of course, the automotive industry is still a huge part of our lives.
The auto industry is an important part of a healthy economy.
And it’s no secret that it is increasingly important to keep our vehicles in our vehicles.
What does this mean for the future of the car?
In the coming decades, it will be important for the auto companies to take advantage of this growing market.
And while EVs will remain the largest market segment, the auto sector will also need to be more inclusive of people and communities in order to become more equitable and sustainable.
At the same time, it is important for automakers to remain at the forefront of EVs technology.
If they’re going to become the dominant player in EVs in future, it would be wise for them to be the ones that bring EVs to market first.