New incentives could make the 2024 Hyundai Ioniq 6 less expensive than the newly up to date Tesla Mannequin 3, in line with CarsDirect.
A supplier bulletin exhibits that every one variations of the 2024 Ioniq 6 are eligible for $7,500 in “retail bonus money”—a rebate that may primarily be utilized solely to purchases, and never with Hyundai’s present low-interest financing, CarsDirect notes. However for these buying moderately than leasing, the rebate drops the Hyundai’s base worth from $38,615 to $31,115.
2024 Hyundai Ioniq 6
However, the revised Mannequin 3, internally known as the Highland, arrives quickly within the U.S. and begins at $40,380 together with vacation spot. Updates embrace refreshed styling, extra comfort options, and what Tesla claims is a quieter cabin.
Hyundai and sibling model Kia mixed now rank second in EV gross sales after Tesla, which means the 2 Korean manufacturers are forward of different established automakers like Ford and Normal Motors. So it seems that the corporate desires to remain very aggressive on worth. Hyundai already gave the Ioniq 6 a $4,100 worth minimize for 2024, versus 2023. The Ioniq 6 doesn’t qualify for the $7,500 federal EV tax credit score, however neither do the 2 Mannequin 3 Highland variants launched to this point.
2024 Hyundai Ioniq 6
The Ioniq 6 is without doubt one of the greatest new EVs of the previous 12 months—and a Inexperienced Automotive Studies Greatest Automotive To Purchase 2024 finalist. Though the bottom mannequin achieves simply 240 miles of vary, the SE RWD Lengthy Vary will get a 361-mile vary—higher than any Mannequin 3 variant.
Hyundai has additionally stepped up the beginning of manufacturing at its Georgia EV Metaplant to fall 2024, an earlier goal than the 2025 timeline initially mentioned. The automaker has mentioned that as much as 300,000 EVs yearly might be made on the plant, so it might be stoking demand to get to that time.