Hyundai Ends Production of Genesis Electrified GV70 in U.S.
Hyundai Ends Production of Genesis Electrified GV70 in U.S.Hyundai is suspending production of another luxury EV for the American market. The South Korean automaker has halted manufacturing of the Genesis Electrified GV70 at its Alabama plant, according to a report by Business Korea.
This decision is part of a global reorganization of production chains, as Hyundai reacts to major changes in U.S. trade policy, which include increased customs tariffs and the end of tax credits for electric vehicles.
Disappointing sales for the electric GV70
Launched in February 2023, the Genesis Electrified GV70 represented an important milestone as it was Hyundai’s first electric vehicle to be assembled in the U.S. Sales never took off, however. Only 1,367 units were produced between January and July 2025, 18-percent fewer than in the same period in 2024; in July of this year, Genesis sold only 15 units of it, a historic low.
Since production stopped in June, Hyundai has been selling off remaining inventory at a discount instead of building new ones.
Focus on more profitable SUVs and hybrids
With the imminent end of federal tax credits for EVs, Hyundai is revising its strategy. The automaker wants to bet on more popular and profitable models, like the Tucson and Santa Fe, including their hybrid versions. In July, Hyundai produced 6,888 Santa Fe hybrids at its U.S. plant, counterbalancing the drop in GV70 EV sales.