Originally slotted to arrive in the USA in the summer of 2016, the Hyundai IONIQ Electric has taken longer than anticipated to arrive in the US. Along with that delay has been a cloud of darkness surrounding an important aspect of the vehicle – price! The wait is over, Hyundai has finally revealed how competitive this EV offering will be in the marketplace – and it will be very competitive!
The base model Ioniq EV starts at $29,500 plus $835 destination charge. After the US federal tax credit, the overall cost is $22,835 total! The Limited trim starts at $32,500 MSRP. With the best in-class pricing for its 124 mile combined EV range, the Ioniq electric vehicle should sell very well compared to the other shorter range vehicles like the Nissan LEAF and Ford Focus Electric.
For the Hyundai Ioniq Hybrid (with no plug), pricing starts at $22,200. With its 1.6 kWh battery pack, we’re unsure if it qualifies for any tax credit so it effectively costs the same amount as the Ioniq EV, but has a gas tank and no plug for those people who still don’t understand EVs are the future.
The Ioniq plug-in hybrid will be arriving sometime in the summer of 2017, and no pricing has been announced for it yet, but will likely be very competitively priced as well.