Hyundai Ioniq 6 Price Cuts – What You Need to Know!
The Hyundai Ioniq 6 electric sedan, launched this spring, is getting substantial price cuts for the new model year. Prices are dropping by up to $4,100 or 10%, with the entry-level SE Standard Range trim starting at $37,500.
Hyundai cites "production efficiencies and scale" as reasons for the reductions, but they may also be responding to Tesla's recent price adjustments. For comparison, a base Model 3 RWD starts at $40,380 but qualifies for a $7,500 federal tax credit, which the Ioniq 6 does not.
The 2024 Ioniq 6 offers various configurations, including rear-wheel and all-wheel drive, with battery sizes affecting the range. Even with these price cuts, Hyundai aims to make its technology more accessible to a wider range of consumers.
Additionally, Hyundai recently reduced lease prices for the Ioniq 6, following similar moves by Tesla for the Model 3 and Model Y. The base 2023 Ioniq 6 SE is now available for $299 per month with a $4,999 initial payment, making it more affordable than a Model 3 RWD.
Hyundai lowers Ioniq 6 lease rates, mirroring Tesla's Model 3 and Model Y pricing adjustments.
If you are fan of Korean Cars, then you can check the Kia EV4 Concept. Also take a look at the Top 10 Best AWD Electric Vehicles of 2023.
