New Hyundai Electric Car Price Revealed Check Latest Deals

The new Hyundai electric car price starts at just $38,995, making it one of the most affordable long-range EVs on the market today. With federal tax credits and exclusive dealer incentives, buyers can save up to $10,000—delivering premium features, 300+ miles of range, and Hyundai’s industry-leading warranty at an unbeatable value.

Key Takeaways

• Price starts at $35,000: Competitive entry cost for Hyundai’s latest EV model.
• Federal tax credits apply: Save up to $7,500 with eligible incentives.
• Long-range battery option: Up to 300 miles on a single charge.
• Free charging included: 2 years of complimentary charging at partner stations.
• Advanced safety features: Standard ADAS tech across all trims.
• Lease deals available: Low monthly payments with flexible terms.

The Future Is Electric: Hyundai’s New Lineup Shakes Up the Market

The automotive world is undergoing one of its most transformative shifts in history—the electrification of transportation. As governments push for carbon neutrality and consumers demand cleaner, smarter mobility, automakers are racing to deliver high-performance, affordable electric vehicles (EVs). At the forefront of this revolution stands Hyundai, a brand once known for value-packed compact cars, now emerging as a global leader in electric innovation. With cutting-edge technology, bold design, and a commitment to sustainability, Hyundai has launched a new generation of electric vehicles that are not only redefining what EVs can do but also how much they cost.

If you’ve been waiting for the perfect time to go electric, that moment may have arrived. Hyundai has officially revealed the pricing for its latest electric car lineup, including refreshed models and all-new entries. From city-friendly hatchbacks to long-range SUVs with premium features, the new Hyundai electric car price strategy is designed to make EV ownership accessible without sacrificing quality. Whether you’re a first-time EV buyer or a seasoned enthusiast looking to upgrade, Hyundai’s 2024–2025 offerings present compelling options across multiple price points. In this comprehensive guide, we’ll dive deep into the latest pricing, explore key models, compare trims, and uncover exclusive deals and incentives that could save you thousands. Get ready—your next electric car might just be a Hyundai.

Why Hyundai Is Leading the Electric Charge

Hyundai’s rapid ascent in the EV market isn’t accidental. It’s the result of a multi-billion-dollar investment in research, development, and battery technology, coupled with a clear vision for the future of mobility. Unlike legacy automakers struggling to adapt, Hyundai embraced electrification early and built an entire ecosystem around it—from dedicated EV platforms to ultra-fast charging networks.

Dedicated Electric Platform: E-GMP

At the heart of Hyundai’s electric success is the Electric-Global Modular Platform (E-GMP). This purpose-built architecture is engineered exclusively for EVs, offering several advantages over retrofitted internal combustion engine (ICE) platforms:

• Longer wheelbase for more interior space
• Lower center of gravity for improved handling
• 800-volt ultra-fast charging capability (10–80% in ~18 minutes)
• Dual-motor all-wheel drive (AWD) options with up to 600+ horsepower

This platform underpins the IONIQ 5, IONIQ 6, and the upcoming IONIQ 7, ensuring consistent performance, efficiency, and safety across the lineup.

Sustainability and Smart Tech Integration

Hyundai isn’t just building fast-charging EVs—it’s building smarter ones. The latest models come equipped with:

• Vehicle-to-Load (V2L) technology: Power appliances or even another EV using your car’s battery
• Advanced driver-assistance systems (ADAS), including Highway Driving Assist 2 and Remote Smart Parking Assist
• Over-the-air (OTA) software updates for continuous feature improvements
• Solar roof options (on select trims) to extend range passively

These innovations, combined with Hyundai’s industry-leading 10-year/100,000-mile warranty on the battery and powertrain, make their EVs a smart long-term investment.

Strategic Pricing and Market Positioning

One of the most compelling aspects of Hyundai’s EV strategy is its pricing. While Tesla and Lucid target premium segments, Hyundai focuses on delivering high value at competitive price points. For example, the IONIQ 5 starts at a lower base price than the Tesla Model Y, yet offers comparable or better features. This balance of affordability and sophistication has helped Hyundai capture significant market share, especially in North America and Europe.

2024–2025 Hyundai Electric Car Lineup: Models and Pricing

Let’s break down the latest new Hyundai electric car price information for the current and upcoming model year. All prices listed are Manufacturer’s Suggested Retail Price (MSRP) before federal/state incentives and dealer fees. Pricing may vary slightly by region and trim level.

IONIQ 5: The Trailblazing Crossover

The IONIQ 5 remains Hyundai’s flagship EV, praised for its retro-futuristic design, spacious interior, and rapid charging. The 2024 model sees minor updates but maintains its strong value proposition.

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• IONIQ 5 SE Standard Range (RWD): $41,450
• IONIQ 5 SEL (RWD): $46,750
• IONIQ 5 Limited (RWD): $52,450
• IONIQ 5 SEL AWD: $50,750
• IONIQ 5 Limited AWD: $56,450
• IONIQ 5 N (High-Performance): $66,100 (launching late 2024)

Range: 220–303 miles (depending on battery size and drivetrain)

Key Features: 800V charging, V2L, 12.3-inch touchscreen, Hyundai Digital Key 2, panoramic sunroof (Limited trim), and N Line performance styling (N trim).

IONIQ 6: The Sleek Sedan with Record Efficiency

The IONIQ 6 is Hyundai’s answer to the Tesla Model 3 and Polestar 2. With a drag coefficient of just 0.21, it’s one of the most aerodynamic production cars ever made, contributing to its impressive range.

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• IONIQ 6 SE Standard Range (RWD): $42,750

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• IONIQ 6 SEL (RWD): $47,750
• IONIQ 6 Limited (RWD): $53,450
• IONIQ 6 SEL AWD: $51,750
• IONIQ 6 Limited AWD: $57,450

Range: 240–361 miles (best-in-class for efficiency)

Key Features: Curved panoramic display, solar roof (optional), ambient lighting, advanced noise cancellation, and over-the-air updates.

Kona Electric: Compact, Affordable, and Practical

For buyers seeking a smaller, city-friendly EV, the redesigned 2024 Kona Electric offers a compelling mix of range, tech, and affordability.

• Kona Electric SE: $34,050
• Kona Electric SEL: $38,550
• Kona Electric Limited: $43,250

Range: 200–260 miles (up from 180 miles in previous generation)

Key Features: 12.3-inch digital cluster, Apple CarPlay/Android Auto, heated seats, and a new 12.3-inch infotainment screen. The Kona Electric is ideal for urban commuters and those with limited parking space.

IONIQ 7: The Upcoming Three-Row SUV (Late 2024)

Set to launch in late 2024, the IONIQ 7 is Hyundai’s first large electric SUV, built on the extended E-GMP platform. It will seat up to seven and offer best-in-class space and comfort.

• Estimated Starting Price: $58,000–$62,000
• Expected Range: 300+ miles (AWD models)
• Expected Charging: 10–80% in under 20 minutes (800V system)

While official pricing isn’t confirmed yet, Hyundai has indicated it will be competitively positioned against the Kia EV9 and Tesla Model X. Pre-orders are expected to open in Q3 2024.

Hyundai N Vision 74 and Future Concepts

Hyundai is also teasing high-performance and hydrogen-powered EVs. The N Vision 74, a hydrogen-hybrid sports coupe, showcases the brand’s ambition beyond battery-electric vehicles. While not yet for sale, it signals that Hyundai is exploring diverse pathways to sustainable performance.

How to Get the Best Deal on a New Hyundai Electric Car

Buying a new Hyundai electric car doesn’t have to mean paying full MSRP. With strategic planning, you can save thousands through incentives, financing, and smart negotiation. Here’s how to maximize your savings.

Leverage Federal and State Incentives

The U.S. federal government offers a $7,500 tax credit for qualifying EVs, but only if the vehicle meets strict battery and manufacturing criteria. As of 2024, the following Hyundai models are eligible:

• IONIQ 5 (all trims, if assembled in the U.S.)
• IONIQ 6 (all trims, U.S.-assembled)
• Kona Electric (U.S.-assembled versions only)

Note: The credit is non-refundable and applied to your tax liability. You must purchase the car and claim it when filing your taxes. Important: Starting in 2024, the credit is also available at the point of sale via “direct pay” for eligible buyers, meaning you can get the discount upfront instead of waiting for tax season.

Many states add their own incentives. For example:

• California: $2,000 Clean Vehicle Rebate (CVRP)
• Colorado: $5,000 state tax credit
• New York: $2,000 Drive Clean Rebate

Check your state’s DMV or energy department website for the latest programs.

Take Advantage of Manufacturer Promotions

Hyundai frequently runs special financing and lease deals. As of June 2024, current offers include:

• 0.9% APR for 60 months on IONIQ 5 and IONIQ 6 (for qualified buyers)
• $2,500 Bonus Cash on 2023 IONIQ 5 models (while supplies last)
• Free 30-day charging pass at Electrify America stations with new EV purchase
• Lease deals from $399/month (IONIQ 5 SEL, 36 months, $3,999 due at signing)

These promotions change monthly, so visit HyundaiUSA.com or your local dealer’s website for real-time updates.

Negotiate Smartly: What to Ask For

Even with MSRP pricing, there’s room to negotiate. Here are proven tips:

• Ask for “out-the-door” pricing: This includes taxes, fees, and dealer add-ons. It prevents sticker shock.
• Request a trade-in valuation: Use tools like Kelley Blue Book or Edmunds to get a fair estimate. Hyundai often offers bonus trade-in credits for EVs.
• Inquire about dealer-installed options: Floor mats, paint protection, and window tinting can be marked up 100–200%. Negotiate them down or skip them.
• Time your purchase: Dealers are more motivated at month-end or during slow sales periods (e.g., January, September).

Consider Leasing vs. Buying

Leasing can be a smart option if you:

• Want lower monthly payments
• Don’t plan to keep the car beyond 3–4 years
• Want to upgrade to newer tech faster

Hyundai’s lease deals often include the full $7,500 federal credit as a “capitalized cost reduction,” lowering your monthly payment. However, leasing means no equity and mileage limits (typically 10,000–12,000 miles/year).

Real-World Cost Comparison: Hyundai vs. Competitors

To help you make an informed decision, let’s compare the new Hyundai electric car price against key competitors in similar segments. We’ll look at base MSRP, range, charging speed, and available incentives.

Model	Base MSRP	Range (EPA)	0–80% Charge Time	Federal Tax Credit	Net Price (After Credit)
Hyundai IONIQ 5 SE (RWD)	$41,450	220 miles	18 min (800V)	$7,500	$33,950
Tesla Model Y Standard Range	$42,990	260 miles	30 min (400V)	$7,500	$35,490
Ford Mustang Mach-E Select	$42,995	247 miles	45 min (400V)	$3,750 (partial credit)	$39,245
Hyundai IONIQ 6 SE (RWD)	$42,750	240 miles	18 min (800V)	$7,500	$35,250
Polestar 2 Long Range	$49,900	276 miles	30 min (400V)	$7,500	$42,400
Hyundai Kona Electric SE	$34,050	200 miles	40 min (400V)	$7,500	$26,550
Chevrolet Bolt EUV	$28,795	247 miles	30 min (400V)	$7,500	$21,295

Note: Net price assumes full federal tax credit is applied. State incentives not included. Charging times based on 350kW DC fast charger availability.

As the table shows, Hyundai offers exceptional value across segments. The IONIQ 5 and IONIQ 6 deliver faster charging than most rivals at a lower net price. The Kona Electric, while slightly less efficient, is one of the most affordable EVs with modern tech. Even when compared to the discounted Bolt EUV, Hyundai’s newer models offer better design, longer warranties, and more advanced features.

Hidden Costs to Consider

While the sticker price is important, don’t overlook these ongoing costs:

• Insurance: EVs can cost 10–20% more to insure due to higher repair costs. Get quotes from multiple providers.
• Home Charging Installation: A Level 2 charger costs $500–$1,200 installed. Some dealers offer rebates or free installations with purchase.
• Public Charging Fees: Use apps like PlugShare or ChargePoint to find free or low-cost stations. Hyundai’s Electrify America partnership helps offset this.
• Depreciation: While EVs depreciate faster than gas cars, Hyundai’s strong resale value (especially IONIQ models) helps mitigate this.

What’s Next for Hyundai Electric Cars? 2025 and Beyond

Hyundai isn’t slowing down. The company plans to launch 17 new EVs by 2030, including luxury models under the Genesis brand and commercial EVs. Here’s what to expect in the near future.

IONIQ 7: The Family-Friendly Flagship

As mentioned earlier, the IONIQ 7 will be Hyundai’s first large electric SUV. It will feature:

• Three rows of seating (up to 7 passengers)
• Over 300 miles of range
• Second-row lounge seats with leg extensions (Limited trim)
• Advanced V2L with up to 3.6 kW output
• Expected starting price: $58,000–$62,000

Pre-orders are expected to open in Q3 2024, with deliveries starting in early 2025.

Affordable EVs: The $30,000 IONIQ 3?

Hyundai has confirmed it’s developing a compact EV for the $30,000 price point, likely named the IONIQ 3. While details are scarce, it’s expected to:

• Use a smaller battery (50–60 kWh)
• Target 200–220 miles of range
• Feature a simplified version of E-GMP technology
• Launch in 2025–2026

This model could be a game-changer, bringing true affordability to the EV market without cutting corners on safety or tech.

Solid-State Batteries and Faster Charging

Hyundai is investing heavily in next-gen battery tech. By 2027, it plans to introduce solid-state batteries that offer:

• 500+ miles of range
• 10-minute charging to 80%
• Improved safety and longevity

These batteries will debut in high-end models but will eventually trickle down to mainstream EVs, further reducing the new Hyundai electric car price per mile of range.

Global Expansion and U.S. Production

Hyundai is building a $5.5 billion EV and battery plant in Georgia, set to open in 2025. This will allow more Hyundai EVs to qualify for the full $7,500 federal tax credit and reduce shipping costs, potentially lowering prices further.

Final Thoughts: Is Now the Right Time to Buy?

The new Hyundai electric car price landscape in 2024 presents some of the best opportunities we’ve seen in the EV market. With a diverse lineup—from the affordable Kona Electric to the high-performance IONIQ 5 N—Hyundai offers something for every type of buyer. Add in ultra-fast charging, industry-leading warranties, and aggressive federal and state incentives, and the value proposition becomes undeniable.

But beyond the numbers, Hyundai is building EVs that are genuinely enjoyable to drive, packed with thoughtful features, and designed with sustainability in mind. Whether you’re drawn to the IONIQ 6’s sleek design, the IONIQ 5’s retro-cool aesthetic, or the practicality of the Kona Electric, there’s a Hyundai EV that fits your lifestyle.

So, is now the right time to buy? If you’re ready to transition to electric, the answer is a resounding yes. With current promotions, tax credits, and a rapidly growing charging network, the barriers to entry have never been lower. Start by visiting your local Hyundai dealer, taking a test drive, and exploring financing options. Use the tips in this guide to negotiate the best deal, and don’t forget to check for state and local incentives.

The future of driving is electric—and Hyundai is leading the charge. With transparent pricing, innovative technology, and a commitment to making EVs accessible, Hyundai isn’t just selling cars. It’s selling a smarter, cleaner, and more exciting way to move. The new Hyundai electric car price isn’t just competitive—it’s a statement of intent. And for consumers, that means more value, more choice, and more reasons than ever to go electric.

Frequently Asked Questions

What is the starting price of the new Hyundai electric car?

The new Hyundai electric car starts at $32,675 for the base model (before incentives), making it one of the most affordable options in its class. Exact pricing may vary by trim and available tax credits.

Are there any deals or incentives on the new Hyundai electric car price?

Yes, Hyundai frequently offers special financing, lease deals, and cash rebates on their electric models. Buyers may also qualify for federal and state EV incentives, further reducing the effective new Hyundai electric car price.

How does the new Hyundai electric car compare in price to other EVs?

It’s competitively priced, offering premium features at a lower cost than rivals like the Tesla Model 3 and Ford Mustang Mach-E. The value proposition is strong, especially with Hyundai’s warranty coverage.

Does the new Hyundai electric car price include charging accessories?

Most trims come with a portable Level 1 charger, but a Level 2 home charger is sold separately or as part of a promotional package. Check with your dealer for current offers.

Is the new Hyundai electric car eligible for tax credits?

Yes, many Hyundai EVs qualify for up to $7,500 in federal tax credits, depending on battery sourcing and your eligibility. State-specific incentives may provide additional savings.

Are there different prices for Hyundai electric car models?

Absolutely. The lineup includes multiple trims (SE, SEL, Limited) and variants like the Kona Electric and Ioniq 5, with prices ranging from $32,675 to over $55,000 depending on features and battery size.