this post was submitted on 25 Jan 2024
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[Dormant] Electric Vehicles

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Hyundai's New Incentive Beats Out The Model 3 As The Cheapest Electric Sedan (insideevs.com)
submitted 9 months ago by MicroWave@lemmy.world to c/evs@lemmy.world
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The 2024 Hyundai Ioniq 6 now starts at $36,065, a full $4,565 less than the 2024 Tesla Model 3.

Hyundai's answer to the Model 3 is the Ioniq 6, a sleek, long-range, and ultra-efficient electric sedan boasting an 800V powertrain. The Ioniq 6 is the largest sub-$65,000 electric sedan on the market, measuring 191.1 inches and offering plenty of space for interior passengers. While the four-door hasn't even been on sale in America for an entire year yet, it has made a name for itself with impressive efficiency and an EPA-rated range of up to 361 miles. And in 2024, it's now the cheapest electric sedan on the market, thanks to incentives courtesy of Hyundai.

The Hyundai Ioniq 6 SE costs $43,565, though the Korean automaker now employs a hefty $7,500 discount across the lineup. With the incentive, the electric sedan is $36,065, including destination fees. The Model 3 Highland starts at $40,630, and the least expensive old-gen models still run over $36,730 in inventory. The recently discounted Polestar 2 even starts at $50,300, a full $14,235 over the Ioniq 6. To say the least, if you're in the market for a new EV, Hyundai's aerodynamic sedan is very much worth considering.

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[โ€“] ShepherdPie@midwest.social 6 points 9 months ago

I've been eyeing the Ioniq 5 since launch and just priced them again through Hyundai site. This promotion is $7500 cash back in lieu of their 0.99% financing rate and it's only valid between 1/18/24 and 1/31/24. Hyundai is running a facetious sale for two weeks in order to drum up free publicity. If you purchase with the current market rate of around 6.5% rather than the promotional 0.99%, you're going to pay around $7500 extra in interest (assuming 50k loan, 10% down-payment, 5 year term).