Cheaper EVs Sales are Increasing

Sales have increased for Hyundai's under-$35,000 IONIQ 5, totalling 18,395 for the first five months of 2026, reports Electrek, "up 16% from the same period last year."But meanwhile BYD's overseas sales surpassed 160,000 for the first time last month, "up 80% from May 2025 and 19% from the previous record of 135,098 set in April."
Through the first five months of 2026, BYD sold 616,263 vehicles overseas. In May, overseas sales accounted for over 41% of BYD's total sales. In several major markets