The Hyundai Ioniq 6 electrical sedan is seeing important value cuts of as much as $4,100 – or 10 p.c – for the 2024 mannequin 12 months regardless that it solely launched within the U.S. this spring.
A Hyundai spokesman confirmed the 2024 Ioniq 6 value reductions for InsideEVs after the information was first reported by Automobile and Driver.
“For the 2024 mannequin 12 months IONIQ 6, Hyundai launched a repackaged SE Normal Vary trim with a beginning value of $37,500,” the Hyundai consultant advised us in an emailed assertion. He did not present particulars on the repackaged SE Normal Vary trim.
“Further minor pricing changes have been made to different trims due to manufacturing efficiencies and scale, and to make class-leading expertise extra accessible for a wider vary of customers.”
Together with $1,115 transport, the 2024 Hyundai Ioniq 6 has a beginning value of $38,615 for the entry-level SE Normal Vary trim that options rear-wheel drive and the smaller 53.0-kilowatt-hour battery. This variant affords an EPA-estimated driving vary of 240 miles.
![2024 Hyundai Ioniq 6 SE](https://cdn.motor1.com/images/static/16x9-tr.png)
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Choosing the larger 77.4-kWh battery on the SE Lengthy Vary rear-wheel-drive mannequin raises the worth to $43,565, whereas going for the SE Lengthy Vary AWD mannequin pushes it to $47,065. Nonetheless, each variants are actually $3,050 cheaper than their 2023 counterparts.
The higher-equipped 2024 Hyundai Ioniq 6 SEL and Restricted trims see lower cost cuts of $2,450 every. The 2024 Ioniq 6 SEL RWD is priced from $43,565, whereas the Restricted RWD begins at $51,265. The long-range, rear-wheel-drive variants of the Ioniq 6 are EPA-estimated at as much as 361 miles of vary on customary 18-inch wheels.
The identical $2,450 reduce applies to the AWD dual-motor variants, which begin at $49,895 and $54,765, respectively. These dual-motor AWD fashions supply 316 miles of EPA-estimated vary on customary 18-inch whees.
Whereas Hyundai says “manufacturing efficiencies and scale” are the primary trigger for the worth cuts, we suspect they might even be associated to Tesla’s repeated value reductions in latest months.
A base Mannequin 3 RWD at the moment begins at $40,380 (together with $1,390 transport), however the Tesla additionally qualifies for a $7,500 federal tax credit score whereas the Ioniq 6 doesn’t.
Earlier this month, Hyundai lowered lease costs for the Ioniq 6 shortly after Tesla did the identical for the Mannequin 3 and Mannequin Y. The bottom 2023 Ioniq 6 SE is at the moment out there for $299 a month with $4,999 due at signing, making it $44 a month cheaper than a Mannequin 3 RWD.