[Economy 365]

Hyundai Motor's Ioniq 5 has ranked third in electric vehicle sales in the U.S. market for the first half of this year.

It is the best-selling electric vehicle excluding Tesla's Model Y and Model 3.

Sales volume for the first half reached 20,730 units, an increase of 9% compared to last year. The model climbed from fifth place last year to third this year, surpassing major competing models.

While the U.S. electric vehicle market is experiencing an overall slowdown, the Ioniq 5 has seen an increase in sales, whereas some competing models have seen their sales drop by more than 40%.

U.S. electric vehicle media outlets have assessed that the Ioniq 5 is gaining popularity due to its cost-effectiveness, driven by the ability to use Tesla's charging network and recent price reductions.

*This article was produced using AI audio.